Compliance August 13th, 2025 DOL Backs Down from Safe Harbor Repeal ‘Significant adverse comments’ led to the Department of Labor's decision to not repeal protections offered in the Pension Protection Act...
Compliance August 12th, 2025 DOL Revokes Biden-Era Warning About Alternative Investments in 401(k) Plans Department of Labor officials said the 2021 statement had a ‘chilling effect’ for saying that plan fiduciaries were ‘not likely...
Compliance August 7th, 2025 IRI Urges New Jersey to Keep Advisers, Broker/Dealers ‘Independent’ The Garden State has proposed labeling investment advisers and broker/dealers ‘employees’ rather than ‘independent contractors.’
Compliance July 23rd, 2025 DOL Says Citi’s Diverse Asset Manager Program is Unlawful The Department of Labor said the guidance no longer reflects its views, rescinding a 2023 advisory opinion approving the Citi...
Compliance July 11th, 2025 DOL Files Amicus Brief in Support of Companies in 401(k) Plan Forfeiture Complaints In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...
Compliance July 11th, 2025 District Court Sides With Challenges to DOL’s Fiduciary Standards A judge struck down parts of Prohibited Transaction Exemption 2020-02 that allowed the Department of Labor to treat certain relationships...
Compliance July 8th, 2025 DOL Submits Request for Information About PEPs to OMB The request, made July 1, indicates the Department of Labor is preparing PEP-related reports, per provisions in the SECURE and...
Compliance June 23rd, 2025 Democratic Senators Urge DOL to Reconsider Elimination of 401(k) Plan Crypto Guidance In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
Compliance June 11th, 2025 ERISA Advisory Council Releases QDIA Recommendations to DOL The report was released after Democrats in Congress raised concerns about the council’s future, as it has not met since...
Compliance June 6th, 2025 Predicting a ‘Busy, Active Time’ at the DOL and EBSA Panelists at PLANSPONSOR National Conference discussed the latest updates on ESG investing, cryptocurrency and the status of including alternative assets...
Compliance June 5th, 2025 EBSA Budget Request for FY26 Down 5% from FY25 The Pension Benefit Guaranty Corporation, which provides financial assistance to distressed pension plans, also requested a smaller budget at $21.8...
Compliance June 3rd, 2025 DOL Introduces Multi-Agency Opinion Letter Program The initiative aims to improve compliance assistance by providing more accessible guidance about federal labor laws across five agencies, including...
Compliance May 30th, 2025 DOL Announces Intentions to Craft New ESG Retirement Investing Rule In April the department stated it was considering rescinding the 2022 ESG rule and asked the 5th Circuit to pause...
Compliance May 30th, 2025 EBSA Head Nomination Hearing Scheduled for June 5 The hearing, for Daniel Aronowitz as assistant secretary of labor for the Employee Benefits Security Administration, was scheduled by the...
Compliance May 28th, 2025 DOL Rescinds 2022 Cryptocurrency Guidance for 401(k) Plans The 2022 compliance assistance bulletin told plan fiduciaries to exercise ‘extreme care’ before adding a cryptocurrency option to a 401(k)...
Compliance May 8th, 2025 DOL Stops Enforcing Biden-Era Independent Contractor Rule Though the agency has not fully rescinded the 2024 rule, it indicated it will return to a simpler standard to...
Compliance May 6th, 2025 DOL Funding Cut by 26% in Trump Budget Proposal Trump’s proposed cuts would slash about $3.63 billion from the DOL.
Compliance May 1st, 2025 GOP House Bills Target DOL Audit Process The legislation would require the Department of Labor to submit annual reports on the status of its investigations, including those...
Compliance April 24th, 2025 DOL Reconsidering Biden-Era ESG Considerations Rule Although the rule survived several court challenges during the Biden administration, it is in jeopardy once again.
Compliance April 16th, 2025 DOL Gets 60 More Days to Decide Next Steps in Fiduciary Rule Lawsuit The Department of Labor will have an additional 60 days, to June 16, 2025, to decide its next steps in...