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...
Compliance
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...
DOL Guidance Calls Proxy Advisers ‘Functional Fiduciaries’
The proxy advisory industry is under intensifying scrutiny from President Donald Trump’s administration.
House Democrats Ask DOL Inspector General to Probe ERISA Advisory Council
More than a year has passed since the council last met; all past members’ terms have ended or have been terminated.
EBSA Lists Enforcement Priorities Ahead of Aronowitz Hearing
Sub-regulatory guidance will be the agency’s focus, rather than ‘regulating by enforcement.’
Unpacking the DOL ‘Safe Harbor’ for Alternative Investments
Courts are not required to treat the Department of Labor’s six-factor test for plan fiduciaries as anything more than one...
Cigna Loses Bid to Stay ERISA Case
A federal judge in Pennsylvania said the case’s outcome does not hinge on the Supreme Court ruling in a separate...
Mississippi Adopts State Auto-IRA, but Tennessee Changes Gears
Tennessee legislators instead advanced a substitute bill changing the focus to Trump Accounts.
USPS Opts for Unprecedented Halt of Pension Payments
The cash-strapped US Postal Service says its suspended contributions to the federal pension program ‘will not affect the benefits of...