In the meantime, plan fiduciaries should consider what steps they might take to defend against an enforcement action by the DOL
. First, a plan fiduciary should understand and document what procedures it has in place, either directly or through a plan service provider, to address these issues.
Related: Could complying with the DOL
rule give insurers a competitive advantage?
The eight-count suit asks that DOL
's fiduciary rules be "thrown out by the court" and that DOL
be "prevented from enforcing the rules," Scalia said on a separate call with reporters.
will not issue exemptions that have been requested orally.
Since 2001, DOL
has strived to integrate its management systems, strengthening and unifying the department along the way.
Recommendation: To improve the reliability and comprehensiveness of DOL
's performance assessments and savings estimates in its competitive sourcing program, the Secretary of Labor should implement a consistently applied, departmentwide system to track identified deficiencies and recommendations for improvement in each of the competitions and the program overall.
In addition, the DOL
will waive any penalties under ERISA Sec.
will continue to monitor these audits, so the niche here to stay.
Department of Labor (DOL
) released the Fair Pay Overtime Security for the 21st Century Workforce revised regulations.
In a DOL
Memorandum dated July 22, 2002, available on the DOL
Web site at http://www.dol.gov/vets, the DOL
advised that individuals reemployed following military duty are entitled to the rights and benefits they would have earned if they had remained in civilian employment.
The Department of Labor (DOL
) proposed a rule on December 16, 2004, to implement its new Wage Determinations Online (WDOL) (www.wdol.gov) system.