DOL Schedules 2 Employer-Focused Talks
The October webinars will cover health plan and fiduciary correction program topics.
Compliance
SCOTUS Intel Hearing Focuses on ‘Meaningful’ Fund Benchmarks
Justices pressed both sides on what constitutes a valid comparison when evaluating retirement plan investment performance in ERISA lawsuits.
Wealth Management Advisers Seek to Retain DC Plan Participants
Employees are increasingly asking for a blend of adviser-led and self-directed wealth management and retirement planning.
Potential SECURE 3.0 Bills Introduced in House
Ranking Democrats introduced bills addressing standing to sue, mandatory arbitration and the definition of fiduciary.
Congress Approves Bill Changing Descriptions for Social Security Claiming
As the measure awaits the president’s signature, Social Security trustees have shared potential responses to the program’s solvency crisis.
Sonderling Confirmed as Secretary of Labor
The Senate approved the long-term appointment of the acting secretary along a party-line split.
SEC Proposes Amendments to Broaden Retail Access to Alts
The Securities and Exchange Commission seeks to broaden the qualifications for accredited investors, which the chairman said will ‘complement’ the...
CEO of Arizona TPA Pleads Guilty to Embezzling More than $8M
James Campbell made 135 unauthorized withdrawals from a master trust used to pay ERISA plans benefits.
Treasury, IRS Propose Trump Account Auto-Enrollment, Other Regulations
The new proposed regulations say that Trump Accounts could be rolled into ABLE Accounts once the beneficiary is 17 years...
Federal Judge Dismisses PRT Claims Against AT&T, Lets Case Against State Street Proceed
The district court ruled that AT&T delegated responsibility for selecting an annuity provider, potentially impacting other pension risk transfer suits.
SEC Commissioner Hester Peirce to Step Down This Week
The Securities and Exchange Commission is allowed to conduct business, even though only two of its five seats will be...
ERIC, Business Groups Back AT&T in 401(k) Forfeiture Appeal
The groups’ amicus brief argues that AT&T’s use of forfeitures to reduce future employer contributions is consistent with ERISA and...
Rescinding SEC ‘Pay to Play’ Rule Could Reduce Advisers’ Compliance Burden
Other federal, state or local rules regarding advisers’ political donations would still apply.
Wagner Law Group Pushes Back on Proposed PBGC Penalty Rule
According to the law group, employers in defined benefit plans would be unfairly paying for outside adviser errors.
House Bill Seeks Social Security Eligibility at 60 for Workers in ‘Physically Demanding’ Jobs
The measure could accelerate the program's projected insolvency.
SIFMA, ASA Tout SEC E-Delivery Rule as Cost-Saving
As of Monday’s public comment deadline, more than 80,000 comments were submitted.
Lawmakers Demand Investigation of DOL Alts Rule’s Alleged Fake Commenters
The Department of Labor’s inspector general was also urged to audit the agency’s public comment process.
IRS Clarifies Deadlines for SECURE Plan Amendments
Some required plan amendment deadlines extended beyond the previous general deadline of year-end 2026.
ESOP Bill Heads to President’s Desk
The House of Representatives passed the legislation affecting employee stock ownership plans by a vote of 401 to 14 Wednesday.
Liberty Mutual 401(k) Forfeiture Case ‘Appears to Fail,’ per District Judge
The California ruling is the latest opinion favoring employers scrutinized for offsetting future plan contributions.