Senate Bill Seeks to Reverse Retirement Plan Crypto Warning
Introduced by Senator Tommy Tuberville, R-Alabama, the Financial Freedom Act would reverse the Department of Labor’s guidance against including cryptocurrency...
Compliance
Understanding the Consolidated Appropriations Act of 2021
On a recent webinar, experts spoke about the requirements for plan sponsors and health plan fiduciaries to closely monitor the...
Elimination of ACA Tax Credits Could Cause Millions to Lose Health Coverage
In an attempt to reform the ACA, the administration of President Donald Trump on March 10, amended regulations governing insurance...
PRT Lawsuits Get Split Rulings in District Courts
A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against...
Lawsuits Call Attention to ESOP Cash Holdings
Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...
Social Security Administration Extends Identity Proofing Requirements
The SSA also made an exception to the in-person requirement for for those applying for certain services, although the exception...
Wells Fargo Health Plan Lawsuit Dismissed
The judge argued that the allegations were too speculative to show concrete individual harm and too conjectural to show redressability.
Voluntary Fiduciary Correction Program Improvements Take Effect
The Employee Benefits Security Administration’s updated self-correction tool launched this week.
DOGE Prohibited from Obtaining Social Security Data, Judge Rules
The restraining order was issued days before a nomination hearing for Frank Bisignano, Trump’s nominee for commissioner of the Social...
Social Security Administration Changes Process to Prove Identity
AARP and the Alliance for Retired Americans voiced concerns about the requirement that, starting March 31, Americans must visit a...
Lockheed Martin Sued for In-House Management of 401(k) Plan
The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s...
JPMorgan Sued Over Stable Value Fund in 401(k) Menu
The company was accused of using an in-house stable value investment that underperforms competitors.
JPMorgan Sued Over Health Plan’s Generic Drug Costs
The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...
Deadline for Retirees Taking Their First RMDs is April 1
The IRS rule applies to all traditional IRA owners and most participants in workplace retirement plans.
Georgia Bill Aims to Create State-Run Retirement Plan
The Peach State Saves program would automatically enroll eligible workers in a Roth IRA.