US Department of Labor announces guidance, relief for employee benefit plans, participants, beneficiaries affected by hurricanes Helene, Milton

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WASHINGTON – The U.S. Department of Labor has issued guidance and provided relief for participants and beneficiaries and employee benefit plans affected by Hurricane Helene and by Hurricane Milton.The department…

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US Department of Labor sues Puerto Rico-based service providers, executives to stop excessive fees, self-dealing; recover health plans’ funds

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Date of action: November 5, 2024Type of action: Complaint filingDefendants: Suffolk Administrative Services LLC, San Juan, Puerto RicoProvidence Insurance Co., San Juan, Puerto RicoAlexander Renfro, William Bryan and Arjan ZiegerBackground:…

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US Department of Labor reports distressed pension assistance program has protected benefits for more than 1.2M workers, retirees, families

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WASHINGTON – The U.S. Department of Labor today announced that its Employee Benefits Security Administration has issued a report illustrating how the American Rescue Plan has protected the financially distressed…

Continue ReadingUS Department of Labor reports distressed pension assistance program has protected benefits for more than 1.2M workers, retirees, families