Charities and rural cooperatives got closer to pension funding relief Wednesday as the Senate Health, Education, Labor and Pensions Committee unanimously approved legislation co-sponsored by Chairman Tom Harkin, D-Iowa.
The idea of preventing fraud and abuse impacts almost every man-made system, from financial transactions to manufacturing processes to government. Industry experts discuss three ways to reduce 401(k) fraud.
A lot of companies aren’t fully aware of the increasing litigation from the Department of Labor against companies and their retirement plans for not fulfilling their plan obligations and fiduciary responsibilities.
The ERISA Advisory Council intends to recommend that the department update current guidance related to locating lost or missing retirement plan participants.