Compliance March 17th, 2025 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...
Compliance March 14th, 2025 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.
Compliance March 12th, 2025 Georgia Bill Aims to Create State-Run Retirement Plan The Peach State Saves program would automatically enroll eligible workers in a Roth IRA.
Compliance March 10th, 2025 Chavez-DeRemer Confirmed as Secretary of Labor The full Senate vote came after President Donald Trump’s pick to head the Department of Labor was cleared by the...
Compliance March 10th, 2025 Fired Probationary Workers Reinstated at EBSA The probationary employees and head of the Department of Labor’s Division of Employee Ownership, who were recently terminated, reportedly received...
Compliance March 7th, 2025 403(b) Plans Have Special Considerations When Complying with SECURE 2.0 Speakers during Wednesday’s PLANSPONSOR Roadmap Livestream session, “Special Considerations for 403(b) Plans,” discussed rules for long-term, part-time employees, the formation...
Compliance March 6th, 2025 PPL Corp. Agrees to Settle Participant Lawsuit Over TDFs for $8.2M Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement...
Compliance March 5th, 2025 Social Security Administration Announces Staff Downsizing Plans The SSA recently set a staffing target of 50,000, down from its current level of approximately 57,000 employees, according to...
Compliance March 5th, 2025 Treasury Secretary Bessent Announces JR Gibbens as Sovereign Wealth Fund Adviser Gibbens joins the Treasury from the Office of Strategic Capital, a unit of the Department of Defense that invests in...
Compliance March 4th, 2025 Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than...
Compliance March 4th, 2025 What DOL Layoffs Could Portend for EBSA’s Future Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts...
Compliance March 3rd, 2025 ERISA Advisory Council Status Unclear The ERISA Advisory Council has not yet set a date for the year’s first meeting, and the DOL has also...
Compliance February 27th, 2025 Chavez-DeRemer’s Secretary of Labor Nomination Advances to Full Senate The Senate Committee on Health, Education, Labor and Pensions cleared President Donald Trump’s nominee to head the Department of Labor,...
Compliance February 26th, 2025 Money Market Funds Damaged by ‘Flawed’ SEC Amendments According to the Investment Company Institute, the most significant changes were made without public input.
Compliance February 25th, 2025 Judge Approves DOL’s Appeal to Pause Fiduciary Rule Litigation The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.
Compliance February 25th, 2025 CFP Board Releases Technology Standard Guide for CFPs The guide should assist CFPs in complying with the duty of care standards outlined in the board’s code of ethics...
Compliance February 24th, 2025 Call Center Rep Accessed Data of More Than 2,000 Customers at Inspira Financial The third-party call center representative improperly accessed personal data of retirement plan participants between December 2024 and January 2025.
Compliance February 24th, 2025 SEC Announces Unit to Protect Investors From Crypto, AI Scams The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
Compliance February 23rd, 2025 Lawsuit Alleges Empower Misused Participant Data for Cross-Selling Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Compliance February 19th, 2025 The Pension Specialists Breach Exposes Data of 71,000 Participants The external system breach exposed participants’ names and Social Security numbers.