SEC Chair Atkins Updates House on Introducing Private Assets to DC Plans
Addressing the House Committee on Financial Services, Paul Atkins said that 401(k)s should have access to alternative investments, much like...
Compliance
Supreme Court Delays Intel 401(k) Hearing Until October
Intel workers are contesting the private equity investments within their 401(k) plan.
How Will Fee-Disclosure Rules Impact PBMs?
The new federal reporting provisions for pharmacy benefit managers are more than a generic transparency mandate, according to Groom Law...
Judge Dismisses Complaint Against Vanguard Over Transfer Fees
A federal judge dismissed a complaint challenging Vanguard Marketing Corp.’s $100 fee for customers who close their brokerage accounts and...
District Court Allows 401(k) Forfeiture Case to Go to Trial
The district judge denied a motion to dismiss claims that Illinois Tool Works and its plan fiduciaries had breached their...
Bench Trial Ordered for Nationwide ERISA Case
The complaint alleges that Nationwide’s 401(k) plan improperly included an affiliated stable value fund that gave company employees less favorable...
2 ERISA Complaints Settled by Ricoh USA for $1.75M
The company was accused of mishandling forfeitures and having excessive plan fees.
AI: From ‘in the Loop’ to in Control
Artificial intelligence’s rapid advancement presents ongoing occasions for financial advisers to assess its ethical use and best practices.
Form 5500 Filing Simplification Act Introduced in House
The legislation would extend the filing deadline by nearly three months and expand the current electronic filing process.
Congress Passes PBM Price Disclosure Measures
The new law requiring pharmacy benefit managers to explain prescription drug costs could impact a key factor in retirement readiness.
ERISA Settlements Provided $68 per Plaintiff in 2025
Analysis of 401(k) settlements raises questions about who really benefits from ERISA litigation.
Ex-Wife Awarded Deceased Partner’s Retirement Plan Assets
An appellate court ruling settled a lawsuit over whether a retired worker had properly changed his beneficiary.
Digital Asset Market Structure Bill Moves Forward Following Senate Committee Vote
The legislation is likely to face Democratic opposition.
Industry Groups, Former DOL Officials Back Lockheed in PRT Dispute
Former Department of Labor officials and industry groups filed briefs opposing the current DOL’s position in litigation over the pension...
EBSA Reclaimed $1.4B for Retirement Plans in Fiscal 2025
Nearly two-thirds of the bureau’s closed civil investigations produced monetary results last year.
DOL Proposes Rule for PBMs to Disclose Fees to Fiduciaries
Fiduciaries overseeing self-insured employer health plans would receive these mandatory disclosures from pharmacy benefit managers.
DOL Backs Employers Again, Escalates Warning in Forfeiture Cases
The Department of Labor’s fourth amicus brief sided with employers, saying the decision on how to use retirement plan forfeitures...
District Court Dismisses ERISA Complaint Against Bayada
The home health care company was accused of investment choices, recordkeeping costs and advisory fees that harmed employees’ retirement accounts.
Market-Based Cash Balance Plans to Receive New Accounting Treatment
Under a recommendation approved by FASB, benefits will be valued by setting the discount rate equal to the assumed interest...
Would Kevin Warsh Be an ‘Independent’ Fed Chair?
President Donald Trump’s nominee was ‘hawkish’ on inflation when he previously served as a Federal Reserve governor.