Texas Judge Vacates DOL Fiduciary Rule
The Department of Labor had already stopped defending the rule on investment advice in court.
Compliance
Appeals Court Reverses DC Plan Class Certification
In a fiduciary breach case brought against Genworth's 401(k) plan, the Fourth Circuit ruled that ERISA claims tied to defined...
DOL Won’t Fight Final Motion for Final Judgement in Second Fiduciary Rule Case
After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose...
DOL Pursues Final Ruling to Strike Down Fiduciary Rule
The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting...
Clarification on Investment Options for Trump Accounts on Hold Amid Calls for Diversification
Asset allocation rules remain uncertain as investment managers push for greater diversification.
Private Market Access Will Depend on Education and Transparency
At recent Securities and Exchange Commission roundtables, experts warned that without clearer disclosures on valuation, liquidity and fees, private assets...
Arizona Judge Does Not Dismiss ERISA TDF Lawsuit
Fiduciaries of the Discount Tire/America’s Tire Retirement Plan are accused to retaining a suite of target-date funds that lagged comparable...
IRS Issues Draft Regulations for Trump Accounts
The proposal details how the IRS would treat one-time $1,000 government contributions to accounts of U.S. children born between 2025...
Indiana Requires Crypto Investment Access for State DC Plans
The state has until 2027 to meet the requirements for public defined contribution plans.
Cushman & Wakefield Sued for Not Protecting Workers’ 401(k) From Climate Risk
The real estate giant allegedly ignored climate-related financial threats and kept an underperforming fund in its retirement plan.
Managing the AI Content Explosion in Financial Services
Advisers face major compliance risks if they can no longer oversee—or explain—their AI output.
Vanguard Reaches $29M Settlement in Proxy Voting Case
BlackRock Inc. and State Street Corp., which were also named in the complaint, have not settled.
Advisers Could Retain ‘Independent Contractor’ Status Under Proposed DOL Classifications
The Department of Labor has proposed replacing its 2024 independent contractor rule with a revised version of its 2021 rule,...
Nearly Half of Workers in Survey Unaware of Saver’s Credit
Participants may need better awareness of the tax credit for retirement account contributions, as well as other savings account opportunities.
Trump Announces New Retirement Plan in State of the Union Speech
The presidents' proposal resembled the Saver’s Match established by SECURE 2.0.
DOL Proposal Requires Retirement Plans to Offer Yearly Paper Statements
Plan administrators would need to mail annual paper benefit notices and allow more paper opt-ins in compliance with the SECURE...
IRS Postpones RMD Rules
Rules governing required minimum distributions from retirement accounts, first proposed in February 2022, will not take effect until at least...
Complaint Accuses Stifel of 401(k) Investment Mismanagement
The plaintiffs contend that the financial services firm ignored and retained underperforming investments at the expense of plan participants.
Industry Groups Back Trump Accounts, Seek Further Guidance
Employer, retirement and investment firms wrote letters to the Department of the Treasury asking for clarity on the savings accounts’...
Liberty Mutual Settles 401(k) Excessive Fee Case for $13.4M
The insurer maintains its retirement plan was managed prudently and in compliance with federal law.