Great Gray Presses Senators to Allow 403(b) Plans to Use CITs
The CIT trust company and two law firms argue against consumer groups seeking to halt a bill that would let...
Compliance
SEC Charges Former WAMCO co-CIO With Fraud
The SEC alleges Ken Leech engaged in a multi-year scheme to favor some clients over others through a practice known...
DOL Releases Informational Copies of 2024 Form 5500s
The instruction updates include how to report on pension-linked emergency savings accounts.
Nevada Joins NAIC Best Interest Annuity Rule, Making 48 States
Insurance industry groups are championing the move, because the state insurance regulations are one of the arguments against bringing retail...
SEC’s $8.2B in Financial Remedies Highest in History
Outgoing SEC Chair Gary Gensler oversaw the highest fines figures for the regulator in 2024, though total enforcement actions were...
Mercer: Trump, New Congress Will Likely Continue Bipartisan Work to Expand 401(k) Coverage
Mercer’s policy lead says bipartisan work should continue to expand employer-sponsored retirement plan coverage, but tax treatment of such plans...
SEC Chair Gensler Announces January 20 Departure
Biden appointee Gensler will step down after a ‘robust rulemaking agenda’ as Republican leadership takes over the White House.
Rhode Island To Start Auto-IRA Program in 2025
RISavers administered by Vestwell is expected to begin a pilot in the spring of 2025 in partnership with Connecticut's state...
Respondents Recommend Simplicity, Data Sharing for Saver’s Match
Retirement industry representatives, providers and academics weighed in on how to best implement a federal matching program for lower-income savers.
Correcting 401(k) Auto-Enrollment Failures
ERISA experts Fred Reish and Joan Neri answer a question about addressing a plan sponsor client’s error in implementing automatic...
Capital One Facing 401(k) Plan Forfeiture Suit
Capital One Financial Corp. and its board of directors are facing a lawsuit over the usage of 401(k) plan forfeitures, joining...
ICI Calls On SEC to Reassess Regulatory Agenda Amid Presidential Transition
The investment industry association’s letter highlighted key issues impacting investment advisers and investors.
DOL Initiates Data Collection to Reunite Workers With Lost Retirement Savings
The Retirement Savings Lost and Found database is expected to go live in December.
Consumer Advocacy Groups Push Back On CIT Use by 403(b)s
Six groups are calling on the Senate to reject a proposal to allow 403(b) plans to invest in collective investment...
IRS Raises Limit on Tax-Free Charitable Donations From IRAs to $105,000 for 2024
The limit is up from $100,000 in previous years.
Lisa Gomez Expects Fiduciary and ESG Rules to Face Reversals Under New Administration
The assistant secretary of labor said she was on a ‘farewell tour’ while speaking at the PLANADVISER 360 conference.
DOL Extends Disaster Relief Timeline for Plans Impacted by Hurricanes
Relief ends on May 1, 2025, for areas impacted by hurricanes.
BMO Financial Next Up in Plan Forfeiture Legal Complaints
BMO received a complaint alleging its plan committee breached ERISA by using forfeited plan assets to benefit the company, not...
SEC Inspector General Warns of More Lawsuits After Chevron
In its annual report, the SEC auditor warned of litigation related to current and future rules; separately, the ASA called...
Clorox Wins 1st Round in 401(k) Plan Forfeiture Lawsuit
A federal judge called the plaintiff’s claims ‘impermissibly broad,’ but gave the plaintiff a chance to submit a revised complaint.