FTC’s Noncompete Ban Would Hit Retirement, RIA Consolidation
A proposed ban on noncompete contracts by the FTC would likely have implications for the RIA firms some retirement advisories...
Compliance
After Committee Change, SECURE 2.0 Does Not Allow CITs in 403(b)s
The language required to allow CITs in 403(b) plans was dropped in the final bill after inter-committee negotiations.
Court Dismisses 403(b) ERISA Claim Against Employer, But Not the Plan’s Adviser
The sponsor, a Texas counseling service, was protected by a safe harbor provision, but the adviser might not be so...
ERISA Lawsuit Filed Against Ventura Foods
The suit alleges Ventura did not monitor high fees and underperformance of the funds in its investment menu.
Implementing SECURE’s Emergency Savings Provisions
Emergency savings options within retirement plans will finally be possible in 2024. But implementing them will require work that might...
SECURE 2.0 Changes Backloading Test for Cash Balance Plans
The retirement reform legislation requires interest credits to be “reasonable” and no higher than 6%.
Biden Signs SECURE 2.0 Into Law
The retirement reform legislation is now officially passed, with widespread industry support.
Advisers, Lobbyists, and Service Providers Respond to SEC Outsourcing Proposal
Some call for the SEC to drop the proposal; others want clarity on which outsourcing duties should be vetted; and...
What Does SECURE 2.0 Mean For 403(b) Plans?
Experts weigh in on how SECURE 2.0 may make 403(b) plans operate more like 401(k)s, including being able to participate...
Swing Pricing Proposal Comment Period Remains Open Until Early February
The proposal has been met with criticism from those in the retirement industry.
BNY Mellon Dismissed, Alight, Colgate-Palmolive Remain in Retirement Theft Lawsuit
A District Court judge dismissed BNY Mellon from an ERISA lawsuit, leaving defendants Alight Solutions and the Colgate-Palmolive employee relations...
How Does One Implement a Student Loan Matching Benefit?
SECURE 2.0 allows sponsors to offer retirement matching contributions for participant student loan payments.
Congress Passes SECURE 2.0, Forwarding Second Major Retirement Reform in Three Years
The passage of sweeping policy to increase retirement saving among Americans now awaits presidential signature.
Xerox Has Preliminary Settlement In Excessive Fee Lawsuit
The $4.1 million settlement is pending court approval.
Variable-Rate Premiums To Be Capped by SECURE 2.0
The variable premiums paid to PBGC would be un-indexed from inflation.