Compliance July 29th, 2025 DOL Asks For Industry Suggestions About Improving PEPs for Small Employers The Employee Benefits Security Administration will accept input for 60 days.
Compliance July 29th, 2025 CRM Hack Exposes Data From Most of Allianz Life’s 1.4 Million US Customers The breach was noticed one day after malicious actors gained access to the insurer's CRM system.
Compliance July 29th, 2025 Plan Participants Allege Franklin Templeton Proprietary Investments Cost Plan Millions The complaint alleges Franklin Templeton violated ERISA by: 1) breaching its fiduciary duties of loyalty and prudence; and 2) failing...
Compliance July 28th, 2025 Senate HELP Committee Plans Markup of 3 ESOP Bills This Week A hearing Thursday discussed three bill aimed at expanding employee stock ownership plans, and a fourth bill was introduced that...
Compliance July 25th, 2025 Plan Forfeiture Complaint Filed Against Aldi Tries New Allegation Filing after the Department of Labor’s amicus brief in a similar case, Illinois plaintiffs allege that the grocery company violated...
Compliance July 25th, 2025 Complaint Filed Against Nokia Alleges Mismanagement of Investments Two former employees of Nokia North America allege that the company failed to replace poorly performing funds, which cost employees...
Compliance July 25th, 2025 House Bill Would Lower Retirement Eligibility Age for DC Plans Aligning with legislation introduced in the Senate in May, the bill allows for workers as young as 18 to be...
Compliance July 24th, 2025 House Holds Hearing About Transparency and Oversight at EBSA What was a heated session focused on alleged mismanagement and lack of accountability at the Employee Benefits Security Administration.
Compliance July 23rd, 2025 Legislation Proposed to Provide Tax Incentives for Small Nonprofit Retirement Plans If enacted, the legislation would give nonprofits the same benefits offered to for-profit entities under the SECURE Act.
Compliance July 23rd, 2025 DOL Says Citi’s Diverse Asset Manager Program is Unlawful The Department of Labor said the guidance no longer reflects its views, rescinding a 2023 advisory opinion approving the Citi...
Compliance July 22nd, 2025 IRS Clarifies Tax Rules for Uncashed Retirement Plan Distribution Checks The guidance aims to standardize treatment and improve compliance regarding retirement distributions that are not immediately cashed by recipients.
Compliance July 17th, 2025 Warren Says Empower Responses to Questions About 401(k) Private Equity Investments Inadequate An Empower spokesperson said the company is currently not commenting on the possibility of a response to Warren’s second letter,...
Compliance July 15th, 2025 Senate HELP Committee Hearing Will Highlight Retirement Benefits for Independent Workers The session will explore ways to modernize federal labor laws to better support gig workers, freelancers and other nontraditional earners.
Compliance July 11th, 2025 Senators Propose Legislation to Improve Retirement Security for Gig Workers The package includes four coordinated bills, which are designed to expand portable workplace benefits, including health care and retirement savings,...
Compliance July 11th, 2025 DOL Files Amicus Brief in Support of Companies in 401(k) Plan Forfeiture Complaints In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...