Compliance September 11th, 2023 DOL Sends New Adviser Fiduciary Rule to OMB for Review The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
Compliance September 7th, 2023 House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Compliance September 7th, 2023 Acting Secretary of Labor Su Under Pressure as DOL Prepares Fiduciary Proposal Republicans introduced legislation targeting the controversial candidate, whose nomination has not been put to a vote.
Compliance September 5th, 2023 Employee Fiduciary LLC Calls On DOL to Improve 401(k) Fee Transparency The small business retirement plan advisory provided three recommendations to improve participant fee awareness.
Compliance September 1st, 2023 Republican Leaders Discourage 3(21) Fiduciary Rule Amendment Updating the fiduciary rule remains a key area of focus for the Department of Labor, despite missing a published August...
Compliance August 31st, 2023 May Climate Funds Be Used in DC Plan Menus? Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
Compliance August 31st, 2023 Former American Airlines Pilot Fires Back in Retirement Plan ESG Suit The plaintiff doubles down on allegations the airline defaulted him into ESG-related funds.
Compliance August 30th, 2023 DOL Beats ForUsAll Crypto Suit A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency...
Compliance August 14th, 2023 Lawsuit Would Block Missouri’s Anti-ESG Advising Rule Requiring registered advisers to follow state-level ESG disclosure rules violates federal law, according to SIFMA’s lawsuit.
Compliance August 11th, 2023 DOL Seeks Comment on Select SECURE 2.0 Enactments From PEPs to emergency savings accounts, the DOL’s EBSA is welcoming input on changes and revisions to retirement plan administration.
Compliance August 7th, 2023 Pension Risk Transfers in No Need of Overhaul, Insurance Executives Say Minor changes, such as requiring pensions to consider cybersecurity before selecting an annuity provider, could be positive, however.
Compliance August 7th, 2023 American Airlines Files Motion to Dismiss 401(k) ESG Complaint The airline argued the case should be dropped partly because the ESG funds in question were not in the 401(k)...
Compliance August 3rd, 2023 Plaintiff Drops Fidelity, Financial Engines from American Airlines ESG Lawsuit The plaintiff voluntarily dismissed the two of four defendants from the lawsuit that claims ESG factors were considered ahead of...
Compliance July 28th, 2023 House Spending Bill Would Block EBSA’s ESG Rule, but Senate’s Would Not Congress has until September 30 to pass a budget bill.
Compliance July 18th, 2023 ERISA Advisory Council Highlights Trends in Pension Risk Transfers PRTs are trending upward, but their relationship with private equity and non-traditional investments is drawing more scrutiny.
Compliance July 12th, 2023 Insurance Group Calls On White House to Support More Retirement, Annuity Legislation The IRI wrote to the Biden administration in the hopes it will back retirement legislation that paves the way for...
Compliance July 12th, 2023 Twitter Hit With $500M Suit for Unpaid Severance The proposed class action alleges Elon Musk promised to abide by the firm’s severance plan but did not follow through.
Compliance July 10th, 2023 EBSA Publishes Regulatory Update on Health Facility Fees, Provider Networks The FAQ says facility fees count toward out-of-pocket limits and price estimates, while maintaining a contractual relationship causes a provider...
Products July 5th, 2023 PEP Growth Slows as Startups Fold An IRS clarification that expanded audits for PEPs may be a factor for some providers in leaving the market.
In Practice June 30th, 2023 How to Protect Retirement Savings Online Individuals should register on their recordkeeper’s website and regularly monitor online retirement accounts, according to the DOL’s Lisa Gomez.