Compliance April 23rd, 2025 MEP Plan Participants Win in Jury Trial Against Pentegra A jury awarded a class of more than 25,000 employees and retirees more than $38 million.
Compliance April 23rd, 2025 Concern About More Litigation Follows Supreme Court’s Cornell Decision Industry experts responded to the recent Supreme Court ruling, which lowered the bar for plaintiffs alleging prohibited transactions, with concern...
Compliance April 23rd, 2025 House Bill Would Protect Retirees From Financial Fraud If passed, local law enforcement would be eligible to use federal grant funding to investigate financial fraud against retirees.
Compliance April 22nd, 2025 What to Know About Pharmacy Benefit Managers Experts speaking during a recent PLANSPONSOR Roadmap session discussed how pharmacy benefit managers drive the cost of prescription drugs and...
Compliance April 22nd, 2025 Supreme Court Wants Solicitor General Opinion on Excessive Fee 401(k) Case District and appellate courts have split opinions about whether the burden of proof in the excessive fee case falls on...
Compliance April 22nd, 2025 Trump Issues Executive Order About PBM Compensation The executive order signed last week requires the Secretary of Labor to propose regulations to improve transparency into compensation of pharmacy benefit managers.
Compliance April 21st, 2025 Supreme Court Rules For Workers in Cornell 403(b) Plan Lawsuit The ruling means Cornell employees can again challenge the university about claims of excessive recordkeeping fees in the school’s defined...
Compliance April 17th, 2025 American Worker Retirement Plan Act Reintroduced in House The bill would offer federally run retirement savings plans to low- and middle-income workers who lack access to an employee-sponsored...
Compliance April 16th, 2025 Electronic Disclosure Bill Reintroduced in House Similar to a measure that passed the House last year, the Improving Disclosure for Investors Act prioritizes electronic delivery of...
Compliance April 16th, 2025 DOL Gets 60 More Days to Decide Next Steps in Fiduciary Rule Lawsuit The Department of Labor will have an additional 60 days, to June 16, 2025, to decide its next steps in...
Compliance April 15th, 2025 Amid Some Confusion, Social Security Begins Use of New Anti-Fraud Measures Social Security will now conduct an anti-fraud check on all phone applications by analyzing “patterns and anomalies within a person’s...
Compliance April 14th, 2025 Investment Fees, Plan Governance Drive Fiduciary Liability Insurance Pricing Having an investment adviser on retainer had a moderate impact on pricing, as about half of insurers reported that it...
Compliance April 11th, 2025 Health Plan Fiduciary Duties Related to Data and Documents At a PLANSPONSOR webinar this week, experts discussed why data, and access to data, are important to the fiduciary process...
Compliance April 11th, 2025 Social Security Administration Changes Course on Plans to End Phone Services The agency announced that all claim types can be completed over the phone once again, after receiving backlash from retiree...
Compliance April 10th, 2025 Senate Confirms Paul Atkins as SEC Chairman The founder and chief executive of Washington, D.C.-based consultancy Patomak Global Partners was also an SEC commissioner under President George...