Compliance December 2nd, 2025 Joint Amicus Brief Backs Dismissal of 401(k) Forfeiture Complaint Against Wells Fargo The ERISA Industry Committee and its coalition said that the IRS has consistently taken the position that forfeitures can be...
Compliance December 1st, 2025 Federal Appeal of DOL Fiduciary Rule Ends in Circuit Court The Department of Labor has ended its defense of a 2024 fiduciary rule that would have brought retirement investment advice...
Compliance November 25th, 2025 DOL Withdraws Appeal of Stay of 2024 Fiduciary Rule The Department of Labor’s proposed rule would have expanded the definition of a fiduciary for retirement investors, including rollovers from...
Compliance October 29th, 2025 Former Morgan Stanley Advisers Sue DOL Over ERISA Ruling Three ex-brokers allege the Department of Labor unlawfully aided the firm by issuing an advisory opinion that undermined pending compensation...
Compliance October 8th, 2025 Senate Confirms Janet Dhillon to Lead Pension Benefit Guaranty Corporation Securities and Exchange Commissioner Paul Atkins was also reappointed to a five-year term from 2026 through 2031.
Data & Research October 1st, 2025 Abandoned 401(k) Accounts Double in Past Decade ‘Forgotten’ 401(k) accounts now total $2.13 trillion, showing an increase of nearly 30% since mid-2023, according to Capitalize.
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 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 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 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 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...
Compliance September 12th, 2025 DOL Backs Morgan Stanley, Says Deferred Pay Is Exempt from ERISA The Department of Labor decided that Morgan Stanley's deferred compensation program is a bonus, rather than a pension plan subject...
Compliance September 8th, 2025 DOL Will Replace Biden-Era Independent Contractor Rule The agency has not been enforcing the 2024 rule and will consider a new one, using pre-2024 standards in the...
Compliance September 8th, 2025 Industry Groups Press DOL for Firm Rules on Private Investments in DC Plans Last month, President Donald Trump's executive order gave the Department of Labor six months to provide its regulatory agenda.
Compliance September 5th, 2025 DOL Agenda Commits to Replacing ESG, Fiduciary Rules The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the...
Compliance September 2nd, 2025 House Appropriations Bill Seeks DOL, EBSA Budget Cuts The subcommittee's fiscal year 2026 spending bill would trim the Department of Labor's budget by 28% and the Employee Benefits...
Compliance August 29th, 2025 DOL to Stop Issuing, Accepting Paper Checks Starting on September 30, the Department of Labor will transition to paperless checks, according to a notice published in the...
Compliance August 27th, 2025 GOP Senators Ask for Safe Harbor for Alternative Investments in DC Plans The senators wrote Labor Secretary Lori Chavez-DeRemer that plan fiduciaries need ‘critical safe harbor protections’ from ‘frivolous lawsuits.’
Compliance August 19th, 2025 DOL Wants to Pause Fiduciary Rule Case Through October The Department of Labor asked for an extension through October to consider its options in a federal case challenging the...
Compliance August 19th, 2025 Will DOL Issue Safe Harbor Guidance for Alternative Investments? The Department of Labor swiftly rescinded a 2021 letter questioning private investments in 401(k) plans, but DOL officials have not...