Nonprofit Leaders Call on SEC to Back CITs in 403(b)s
Congressional action is required to allow collective investment trusts to be included in 403(b) plans.
Compliance
Janus Henderson Settles ESOP Lawsuit for $6.5M
The settlement total would give each plaintiff $3,613, but lawyers are expected to take up to one-third of the amount.
Trump Signs Executive Order for Federal IRA Website
The Department of the Treasury is tasked with launching the TrumpIRA.gov site by next year and promoting awareness of the...
Retirement Advocacy Groups File Amicus Brief in SCOTUS’ Intel Case
The brief—submitted by AARP, the Pension Rights Center, and Better Markets—backs employees suing Intel over the handling of their retirement...
Financial Regulators Consider Responses to Advanced AI Threats
The Securities and Exchange Commission is accepting public feedback on a review of the world’s largest database of retail and...
Public to Weigh in on Trump Accounts’ Reporting Form
Starting Tuesday, the public has 60 days to submit written feedback to the IRS on the new form.
Fidelity Reaches $1.25M Settlement Over 2024 Data Breach
Personal data of about 77,000 customers were accessed by an unauthorized third party, according to Massachusetts regulators.
Appeals Court: Merrill Lynch Incentive Program Not Subject to ERISA
The US 4th Circuit Court of Appeals also shared its six-part framework to distinguish between a bonus program and a...
HSA Assets Grew by 19% in 2025
There were 41.7 million health savings accounts in the US at the end of last year—a 6% increase from 2024,...
House Committee Approves Bill Regulating Proxy Advisers, ESG Disclosures
The Republican-sponsored bill would also impose new voting and reporting duties on asset managers and pension fiduciaries.
DOL May Join Oral Arguments in HP Forfeiture Case
The Department of Labor previously filed an amicus brief supporting the defendants in the case, Hutchins v. HP Inc.
Congress Take Aim at Alleged Kickbacks in Hearing on PBMs
Democrat and Republican members alike criticized pharmacy benefit managers, who they say profit from driving up drug costs.
Former DOL Leaders, Industry Groups Seek Extended Feedback for Alts Rule
As the Department of Labor publishes comments on its proposed rule on alternative investments in defined contribution plans, industry leaders...
Fed Chair Nominee Warsh Denies Pressure to ‘Predetermine’ Interest Rate Cuts
Facing a Senate committee, Kevin Warsh said President Donald Trump ‘never asked’ him to commit to specific monetary policy decisions.
SEC, CFTC Propose Raising Compliance Threshold for Private Fund Advisers
More than half of the advisers currently required to file Form PF, a disclosure document, would be exempt if previous...
ESG Critic Appointed Head of DOL Policy
Justin Danhof publicized his appointment via a LinkedIn post, but his new position has not been confirmed by the Department...
Labor Secretary Lori Chavez-DeRemer Resigns
Chavez-DeRemer, the third Trump Cabinet member to depart this year, will reportedly take a job in the private sector.
Ameriprise Data Breach Impacts More Than 47,000 People
The breach occurred on March 2 but was discovered on March 18, according to the Maine attorney general’s office.
Genworth 401(k) Class-Action Suit May Head to Rehearing
Plaintiffs say the 4th Circuit’s previous rejection of class certification for thousands of retirement plan participants misinterprets ERISA.
Aronowitz Stands by Revised EBSA Priorities at House Hearing
Daniel Aronowitz told lawmakers his agency remains focused on efficient enforcement and reducing litigation that he said had ‘stifled innovation...