Federal agents raid offices of cement workers union

By Paul Pringle, Los Angeles Times

Federal agents have raided the offices of a Southern California cement workers union and its employee benefit trusts as part of a long-running criminal investigation of the labor organization’s leader, according to people familiar with the probe.

House members challenge DOL fiduciary efforts

By Melissa A. Winn, Employee Benefit News

The House Committee on Education and the Workforce “has strong reservations” about the Department of Labor’s efforts to require retirement advisers to follow a fiduciary standard, saying it could reduce access to retirement savings options and conflicts with the Dodd-Frank Act.