January 16, 2025

Department of Labor obtains consent judgment to resolve West Virginia engineering consultants’ unpaid employee medical claims

Date of action:           Dec. 12, 2024

Type of action:          Consent judgment

Employers:                 MSES Consultants Inc., Lawrence Rine

January 16, 2025

US Department of Labor issues proposed rule for fiduciaries on valuing employer stock purchased, sold by Employee Stock Ownership Plans

WASHINGTON – The U.S. Department of Labor today announced that its Employee Benefits Security Administration has issued a proposed regulation under the Employee Retirement Income Security Act on the valuation of employer stock acquired or sold by an employee stock ownership plan. 

January 15, 2025

Federal court requires R.B. Pamplin Corp., owner to restore at least $20.6M in assets to pension plan, unwind $15.4M in illegal real estate investments

PORTLAND, OR  The U.S. Department of Labor has obtained a consent judgment requiring Dr. Robert B. Pamplin Jr. and the R.B. Pamplin Corp. to restore at least $20,600,000 in assets to the company’s pension plan after the plan’s unlawful acquisition of company-owned real estate  jeopardized the retirement security of thousands of the company’s employees.

January 14, 2025

US Department of Labor announces enforcement relief on missing participant retirement benefits sent to state unclaimed property funds

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration today announced an enforcement relief policy to provide retirement plan fiduciaries with an option to help manage small benefit amounts owed to individuals who cannot be located.

January 14, 2025

US Department of Labor announces improvements to its Voluntary Fiduciary Correction Program

WASHINGTON – The U.S. Department of Labor announced that its Employee Benefits Security Administration today announced updates to its Voluntary Fiduciary Correction Program, providing employers and other plan officials with more efficient ways to voluntarily correct compliance issues in retirement, health and other employee benefit plans.