In the News

A new Labor Department regulation has just gone into effect. As a result of this new rule millions of workers, retirees and widows will no longer automatically receive critical information about their pension and 401(k) plans.

On July 27, a new anti-consumer Labor Department regulation went into effect. The new rule gives retirement plans the right to quit mailing workers and retirees important disclosures on paper and simply send a notice by text or email telling them that key pension information is available on a website. Then it is up to workers and retirees to hunt that information down.

Dana Donohew began working with brick many decades ago at the age of 12, earning $40 a week, rain or shine, next to an uncle.

Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.