WASHINGTON – The U.S.

Date of action:           Dec. 12, 2024

Type of action:          Consent judgment

Employers:                 MSES Consultants Inc., Lawrence Rine

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. 

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.

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.

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.