Compliance May 30th, 2025 DOL Announces Intentions to Craft New ESG Retirement Investing Rule In April the department stated it was considering rescinding the 2022 ESG rule and asked the 5th Circuit to pause...
Compliance May 30th, 2025 EBSA Head Nomination Hearing Scheduled for June 5 The hearing, for Daniel Aronowitz as assistant secretary of labor for the Employee Benefits Security Administration, was scheduled by the...
Compliance May 29th, 2025 Government Agencies Continue Push for Increased Health Care Pricing Transparency The Departments of Labor, Health and Human Services and Treasury sought information and released updated guidance aimed at creating nationwide...
Compliance May 28th, 2025 DOL Rescinds 2022 Cryptocurrency Guidance for 401(k) Plans The 2022 compliance assistance bulletin told plan fiduciaries to exercise ‘extreme care’ before adding a cryptocurrency option to a 401(k)...
Compliance May 27th, 2025 DOJ, FTC State Position in ESG-Related Coal Suit Against Largest Asset Managers The DOJ has taken a side in a case accusing BlackRock, State Street and Vanguard of suppressing prices in the...
Compliance May 27th, 2025 House Bill Aims to Increase Oversight of Federal Retirement Thrift Investment Board The legislation would establish an independent inspector general for the agency that administers the retirement plan for more than 7...
Compliance May 27th, 2025 Data Breach at Alera Exposed Data of More Than 10,000 Individuals An external breach, which occurred last summer, may have exposed retirement plan participants’ personal data, such as Social Security numbers...
Compliance May 23rd, 2025 What to Know About GOP’s Proposed ‘Trump Accounts’ Included in House Republicans’ policy package are investment accounts promoting financial security for American children.
Compliance May 22nd, 2025 Senate Bill Supports Retirement Plan Reenrollment Senators introduced legislation that would allow periodic automatic reenrollment in workplace retirement plans for workers who opt out of participating.
Compliance May 21st, 2025 Bill Allowing CITs in 403(b) Plans Advances in House Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the...
Compliance May 21st, 2025 Lawsuit Filed Against TIAA Alleging Mismanagement of Employee Retirement Funds The complaint alleges TIAA breached its fiduciary duties and mismanaged billions of dollars in employee retirement savings by opting for...
Compliance May 20th, 2025 Lawsuit Filed Against UnitedHealth Alleging Misuse of Forfeited 401(k) Plan Assets The plaintiffs include four current and former employees who intend to represent more than 250,000 plan participants.
Compliance May 19th, 2025 Forfeiture Lawsuit Filed Against Cigna; Intuit Reaches Settlement The Cigna Group is the latest company accused of mismanaging the forfeited funds in its 401(k) plan, and software company...
Compliance May 16th, 2025 ESOP Bills Introduced in Senate The two bills, proposed by Senator Bill Cassidy, aim to strength employee stock ownership plans.
Compliance May 15th, 2025 Swiss Re 401(k) Participants Drop Allegations Against Empower The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its...
Compliance May 14th, 2025 Republican Tax Bill Expands 529s and HSAs, Limits Changes to Retirement Although retirement policy is mostly untouched, the bill would repeal section 103(e) of the SECURE 2.0 Act of 2022, that...
Compliance May 14th, 2025 2026 HSA Limits Released For 2026, the IRS defines an HDHP as a health plan with an annual deductible that is not less than...
Compliance May 13th, 2025 In Letter, Lawmakers Ask SEC to Delist Chinese Stocks From US Exchanges The May 2 letter to the SEC followed recent concerns expressed by lawmakers over U.S. investments in China, including two...
Compliance May 13th, 2025 Senate Bill Would Expand Retirement Plan Access to Younger Americans Several organizations offered support for the legislation, including TIAA and the Insured Retirement Institute.
Compliance May 12th, 2025 SEC Guidance Clarifies Insider Trading Rules for 401(k) Brokerage Windows The Securities and Exchange Commission clarified what applies when a 401(k) plan participant subject to insider trading rules sells company...