U.S. Department of Labor

Today, President Trump signed an Executive Order 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐂𝐡𝐨𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝟒𝟎𝟏(𝐤) 𝐏𝐥𝐚𝐧𝐬, allowing investors to access alternative assets for better returns and diversification. The EO directs the U.S. Department of Labor to reexamine and clarify alternative asset investments in 401(k) and other defined-contribution plans. More than 90 million Americans participate in employer-sponsored defined-contribution plans, and most of those are currently restricted from investing in alternative assets, unlike wealthy investors and retirement plans for government workers. Alternative assets, such as private equity, real estate, and digital assets, offer competitive returns and diversification benefits. Regulatory overreach and litigation risks have limited ERISA-governed plan fiduciaries from including alternative assets in their investment portfolios, hindering workers’ retirement growth. President Trump is expanding access to these assets to ensure a dignified and comfortable retirement for all Americans, and the U.S. Department of Labor will deliver on his promise to build wealth and secure retirement for all Americans. DOL Press Release: https://lnkd.in/eXazwhw6 Fact Sheet: https://lnkd.in/eP7uxB-U

America First means veterans first. To keep the American workforce strong, the U.S. Department of Labor is investing in those who served through: ✅ Transition Assistance Program (TAP) – career prep before separation ✅ Off-Base Transition Training (OBTT) – 70+ bases with in-person training ✅ Registered Apprenticeships – get paid to learn ✅ Priority of service at every American Job Center 🔗 Learn more: dol.gov/vets

The HIRE Vets Medallion Program recognizes companies with a proven commitment to recruiting, employing, and retaining American veterans. Hiring military veterans cultivates a culture of discipline, leadership, and character, yielding a stronger, more effective workforce. DOL VETS is proud to honor companies that uphold this important promise: You served our country; we'll support your future. Join U.S. DOL in honoring employers who put American patriots first: hirevets.gov

Self-audits are one of the most effective ways to build a culture of compliance and trust. That's why the U.S. Department of Labor is launching new self-audit programs to help the regulated community strengthen compliance with federal labor laws. DOL is now offering eight self-audit programs across six law enforcement agencies: 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧:   𝘛𝘩𝘦 𝘝𝘰𝘭𝘶𝘯𝘵𝘢𝘳𝘺 𝘍𝘪𝘥𝘶𝘤𝘪𝘢𝘳𝘺 𝘊𝘰𝘳𝘳𝘦𝘤𝘵𝘪𝘰𝘯 𝘗𝘳𝘰𝘨𝘳𝘢𝘮 (VFCP) encourages employers and plan officials to voluntarily correct violations of ERISA. 𝘛𝘩𝘦 𝘋𝘦𝘭𝘪𝘯𝘲𝘶𝘦𝘯𝘵 𝘍𝘪𝘭𝘦𝘳 𝘝𝘰𝘭𝘶𝘯𝘵𝘢𝘳𝘺 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘗𝘳𝘰𝘨𝘳𝘢𝘮, encourages voluntary compliance with annual reporting requirements, offering incentives to late filers, including paying lower penalties. 𝐌𝐢𝐧𝐞 𝐒𝐚𝐟𝐞𝐭𝐲 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧: 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘈𝘴𝘴𝘪𝘴𝘵𝘢𝘯𝘤𝘦 𝘪𝘯 𝘚𝘢𝘧𝘦𝘵𝘺 𝘢𝘯𝘥 𝘏𝘦𝘢𝘭𝘵𝘩 (𝘊𝘈𝘚𝘏) program offers a variety of safety and health topics to assist mining operations and provides direct contact with safety and health specialists to address their needs related to compliance assistance. Occupational Safety and Health Administration: The 𝘝𝘰𝘭𝘶𝘯𝘵𝘢𝘳𝘺 𝘗𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯 𝘗𝘳𝘰𝘨𝘳𝘢𝘮𝘴 (VPP) meets businesses where they are on their safety journey, helping them develop strong safety programs and lower injury rates. This allows businesses to undergo regular self-evaluations and avoid routine inspections.  The 𝘖𝘯-𝘚𝘪𝘵𝘦 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘢𝘵𝘪𝘰𝘯 𝘗𝘳𝘰𝘨𝘳𝘢𝘮 offers no-cost and confidential safety and health services to small and medium-sized businesses. 𝐎𝐟𝐟𝐢𝐜𝐞 𝐨𝐟 𝐋𝐚𝐛𝐨𝐫-𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: The 𝘝𝘰𝘭𝘶𝘯𝘵𝘢𝘳𝘺 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘗𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 (VCP) program helps unions assess their compliance with the LMRDA. The program focuses on key areas such as reporting and disclosure requirements, as well as financial integrity. Department of Labor Veterans’ Employment and Training Service : 𝘚𝘶𝘱𝘱𝘰𝘳𝘵 𝘢𝘯𝘥 𝘈𝘴𝘴𝘪𝘴𝘵𝘢𝘯𝘤𝘦 𝘧𝘰𝘳 𝘓𝘦𝘢𝘥𝘦𝘳𝘴 𝘪𝘯 𝘜𝘚𝘌𝘙𝘙𝘈 𝘛𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘢𝘯𝘥 𝘌𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵 (SALUTE), helps employers proactively review their policies and practices under the Uniformed Services Employment and Reemployment Rights Act. The program aims to foster good-faith compliance and ensure the employment rights of service members are respected. The Wage and Hour Division: The 𝘗𝘢𝘺𝘳𝘰𝘭𝘭 𝘈𝘶𝘥𝘪𝘵 𝘐𝘯𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 𝘋𝘦𝘵𝘦𝘳𝘮𝘪𝘯𝘢𝘵𝘪𝘰𝘯 (PAID) program enables employers to self-identify and resolve minimum wage, overtime, and leave violations under the Fair Labor Standards Act and the Family and Medical Leave Act.  Access resources, toolkits, and program-specific guidance at dol.gov/SelfAudit

ICYMI: U.S. DOL Releases Self-Audit Program To Help Build a Culture of Compliance & Trust Learn more: https://lnkd.in/es2P-jzz

💼 Every day is a great day to #HireAVeteran! Veterans bring years of training, discipline, leadership, and mission-first focus to any workplace — and the U.S. Department of Labor’s Veterans’ Employment and Training Service is here to help employers at every step: ✔️ Looking to hire veterans? We’ll connect you to talent. ✔️ Need to stay in compliance? We offer tools and guidance. ✔️ Want to be recognized for your efforts? Apply for the HIRE VETS Medallion Award — the only federal award recognizing employers who hire and retain veterans. Learn more: 🔗 hirevets.gov

At U.S. Department of Labor, we’re committed to helping employers, unions, and benefits plan administrators follow the law. Our self-audit programs can help the regulated community proactively assess and improve compliance. https://lnkd.in/eqvWFNbY

𝐀𝐦𝐞𝐫𝐢𝐜𝐚'𝐬 𝐀𝐈 𝐀𝐜𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧 released today, outlines this Administration's bold strategy for America to secure global dominance in #AI and unleash a new era of economic opportunity for American Workers. I applaud President Trump’s leadership in delivering a worker-centered AI strategy and emphasizing the instrumental role that the U.S. Department of Labor will play in advancing it. The U.S. Department of Labor believes AI represents a new frontier of opportunity for workers, but to realize its full promise, we must equip Americans with AI skills, build talent pipelines for AI infrastructure, and develop the agility in our workforce system to evolve alongside advances in AI. The “𝐄𝐦𝐩𝐨𝐰𝐞𝐫 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐞 𝐨𝐟 𝐀𝐈” section of the AI Action Plan includes actions for #DOL to work with relevant federal agencies to: 🟢 Prioritize AI skills development as a core objective of education and workforce funding streams, including career and technical education, apprenticeships, and other federally supported skills initiatives. 🟢 Establish the AI Workforce Research Hub to lead a sustained federal effort to evaluate AI’s impact on the labor market and the American worker, including recurring analysis, scenario planning, and actionable insights for workforce and education policy. 🟢 Study AI’s impact on the labor market through BLS data collection efforts and provide the AI Workforce Research Hub with analysis to support tracking of AI adoption, job creation, displacement, and wage effects. 🟢 Fund rapid retraining for individuals impacted by AI-related job displacement, as well as issue guidance clarifying how funds can be used to proactively upskill workers at risk of future displacement. 🟢 Pilot new approaches to meet workforce challenges created by AI, which may include areas such as rapid retraining models to respond to labor market shifts and new models to support pathways into entry level roles.   The "𝐓𝐫𝐚𝐢𝐧 𝐚 𝐒𝐤𝐢𝐥𝐥𝐞𝐝 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐟𝐨𝐫 𝐀𝐈 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞" section of the AI Action Plan includes actions for #DOL to work with relevant federal agencies to: 🟢 Create a national initiative identifying high-priority occupations critical to AI infrastructure. 🟢 Partner with state and local governments and workforce system stakeholders to support the creation of industry-driven training programs for priority AI infrastructure occupations. 🟢 Partner with education and workforce system stakeholders to expand early career exposure programs and pre-apprenticeship opportunities for middle and high school students in AI infrastructure occupations. 🟢 Expand Registered Apprenticeships for occupations critical to AI infrastructure.   I look forward to leading DOL's efforts, ushering in a new wave of opportunity for American Workers. Congratulations Michael Kratsios David O. Sacks Lynne Parker White House Office of Science and Technology Policy

One of the most meaningful ways we can honor veterans' selfless service is by expanding employment opportunities for all veterans, including the disabled. Our new toolkit has tips, strategies, and resources for enhancing workplace supports and accommodations with benefits for: ✅ Disabled veterans ✅ Employers ✅ Apprenticeship sponsors ✅ Workforce development specialists See how the toolkit supports the Trump Administration’s goals to combat the cost-of-living crisis and expand the number of Registered Apprenticeships to one million new active apprentices nationally. https://lnkd.in/emKvmz5U

Every #veteran brings unparalleled dedication, discipline, and leadership to the workforce. The HIRE Vets Medallion Program recognizes employers who not only understand this but actively invest in recruiting, employing, and retaining our nation's veterans. Join us in celebrating these employers and learn how your organization can make a difference. Learn more: www.hirevets.gov/about