District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear
A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
Compliance
Answering Questions About SECURE 2.0 Catch-Up Provisions
Speakers at the PLANSPONSOR Roadmap livestream discussed the administrative challenges of implementing the Roth and age 60 to 63 catch-up...
Daniel Aronowitz Nominated to Head EBSA
President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.
DOL Files to Pause Appeal of Fiduciary Rule
Under the previous administration, the Department of Labor had filed notices of appeal in the fall of 2024 in two...
Schlichter Joins 401(k) Forfeiture Suit Fray
The plaintiffs in the case against Charter Communications Inc. allege the telecommunications giant ‘misused’ forfeited plan assets when reducing the...
Unions’ Motion for Restraining Order Against DOL Blocked
A judge blocked an attempt from several union groups and a think tank to prevent the Department of Labor from...
What to Know About Part-Time Employee Eligibility for Retirement Plans
Effective January 1, the SECURE 2.0 Act makes part-time employees who have met service criteria eligible for employer-sponsored retirement plans.
House and Senate Reintroduce Bills to Permit CITs in 403(b) Plans
The Investment Company Institute released a statement supporting the congressional effort on Thursday.
Will Trump DOL Move Away From Biden Independent Contractor Classification Rule?
Oral arguments in Frisard’s Transportation LLC v. United States DOL were scheduled to begin early this month, but under the...
Industry Groups File Amicus Brief Urging 11th Circuit to ‘Preserve Integrity of ERISA’
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint...
Department of Labor Secretary Nominee Gets Confirmation Hearing Date
While she has not been publicly outspoken about retirement policy, Chavez-DeRemer has been more active on the employer health plan...
Potential Implementation Delays Face Social Security Fairness Act
Under the SSA’s current budget, the agency expects it could take more than one year to adjust benefits and pay...
Trader Joe’s 401(k) Plan Accused of Overinvesting in Balanced Fund
The $2.7 billion dollar plan also joins the more than 30 employers accused of mismanaging employee forfeiture funds.
Study Finds Most Corporate Retirement Plans Have Regulatory or Fiduciary Violations
According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and...
Keeping Up With SECURE 2.0 Changes
Advisers discuss how they manage adoption of plan provisions with clients.
SECURE 2.0 Auto-Enrollment Requirement Takes Effect in 2025
Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for new 401(k) and...
FINRA Flags Shortcomings in Firms’ Anti-Money Laundering Efforts
The Financial Industry Regulatory Authority’s latest report offered advisers best practices for strengthening their compliance with security regulations.
Southwest Airlines Faces Lawsuit Over ‘Chronically Underperforming’ 401(k) Funds
Participants allege that the airline failed to remove a large-cap growth investment option after ‘15 years of underperformance.’
Johnson & Johnson Lawsuit Over Health Plan Partially Dismissed
A district court in New Jersey ruled that the plaintiff lacked standing for certain claims, but there is a chance...