
Regulation
Baltimore Firm Ordered to Restore Missing 401(k) Funds
Following a Labor Department probe, Bicallis LLC must pay more than $150,000 to its retirement plan and has been replaced as fiduciary.
Following a Labor Department probe, Bicallis LLC must pay more than $150,000 to its retirement plan and has been replaced as fiduciary.
The Department of Labor is concerned fiduciaries will misinterpret its earlier June 2020 letter.
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.