Compliance October 2nd, 2025 PRT Case Against Bristol-Myers Squibb to Proceed A judge ruled that plaintiffs showed enough evidence of alleged ERISA violations resulting from the company offloading pension obligations to...
Compliance October 1st, 2025 How Will the Government Shutdown Impact the Market? Most government shutdowns do not last long enough to have a major economic impact, but private sector employment data show...
Compliance September 30th, 2025 DOL Relies on ‘Contingency Plan’ During US Government Shutdown During the shutdown, more than 75% of the Department of Labor’s staff are furloughed, but critical requirements like Form 5500...
Compliance September 29th, 2025 Capital One Settles Plan Forfeiture Case Like similar cases, Capital One was accused of mismanaging its 401(k) plan by using plan forfeitures to reduce contributions.
Compliance September 29th, 2025 Rhode Island to Launch State Auto-IRA in October Connecticut and Rhode Island have finalized the partnership of their public retirement account programs, RISavers and MyCTSavings.
Compliance September 26th, 2025 PRT Lawsuit Brought by Former GE Employees Dismissed The lawsuit alleged that General Electric and related fiduciaries violated the Employee Retirement Income Security Act when they selected Athene...
Compliance September 24th, 2025 GOP Lawmakers Request Swift SEC Guidance on 401(k) Plans’ Alternative Investments In a letter to the SEC Chairman, nine Republican members of the House Committee on Financial Services urged swift action.
Compliance September 24th, 2025 What’s on Aronowitz’s To-Do List for EBSA? Amicus briefs and guidance for incorporating private investments into defined contribution plans are likely top priorities for the Employee Benefits...
Compliance September 23rd, 2025 DOL Classifies AllianceBernstein’s Lifetime Income Strategy as QDIA The agency says its regulation for qualified default investment alternatives is flexible enough to accommodate innovations in retirement products.
Compliance September 23rd, 2025 Forfeiture Complaint Against WillScot Dismissed An Arizona judge dismissed all but one of the claims in a 401(k) plan forfeiture complaint against WillScot Holdings Corp.
Compliance September 23rd, 2025 Hedge Fund Reaches $7.9M Settlement of ERISA Lawsuit Plaintiffs allege that GWA’s 401(k) strategy was extremely risky and egregious, and its retirement plan was 100% invested in its...
Compliance September 19th, 2025 House Committee Approves Bill to Change Social Security Terms The bill would make several changes to terms that describe benefit claiming ages to help retirees better understand the impact...
Compliance September 19th, 2025 How Employers Can Prep For New Rules on Roth Catch-Ups Legal experts say plan sponsors and administrators and payroll providers need to figure out how to comply with the final...
Compliance September 18th, 2025 Daniel Aronowitz Confirmed to Lead DOL’s EBSA The newly confirmed Assistant Secretary of Labor and head of the Employee Benefits Security Administration has pledged to streamline retirement...
Compliance September 18th, 2025 Law Firm Husch Blackwell Accused of 401(k) Self-Dealing The Missouri law firm is accused of diverting retirement plan contributions to pay company operating expenses.
Compliance September 18th, 2025 CFP Board Unveils 6 Public Policy Priorities The certified financial planner organization has pledged to expand access to ‘competent, ethical financial advice.’
Compliance September 17th, 2025 3 Retirement Bills Advance to Full House of Representatives Two of the bills, which target the Department of Labor’s audit process, sparked heated debate, but the third bill, concerning...
Compliance September 17th, 2025 SEC Pushes Back Deadline for Private Investment Funds’ Disclosures Private funds and advisers now have until October 2026 before they must provide enhanced confidential disclosures about portfolio investments and...
Compliance September 17th, 2025 California Bill on Pharmacy Benefit Manager Reform Gets ERIC Approval The bill would in part prohibit a pharmacy benefits manager in California from requiring use of only an affiliated pharmacy.
Compliance September 16th, 2025 House Bill Would Allow Transfers of Unclaimed Retirement Distributions to States The bill would have states report unclaimed retirement savings to a Department of Labor database, making it easier for individuals...