Compliance October 4th, 2024 Treasury, IRS Issue Part-Time Eligibility Guidelines for ERISA 403(b) Plans The guidance clarifies exclusions that prevent certain part-time employees from contributing to a plan.
Products September 11th, 2024 New Retirement Income Solutions Developing for QDIA Integration An ERISA Advisory Council meeting introduced strategies to incorporate retirement income solutions into qualified default income alternatives.
Compliance August 7th, 2024 11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit The court agreed with the district court decision that workers' "damages claims fail."
Compliance July 1st, 2024 The DOL, the IRS and the Chevron Reversal The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
Compliance July 1st, 2024 FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
Compliance June 25th, 2024 Preparing for the Retirement Security Rule Some provisions are set to come into effect in September.
Compliance June 24th, 2024 Plaintiff Lawyers Can Now Use AI To Identify Potential Plan Issues Tech and legal firm Darrow uses AI as a tool for ERISA lawsuit allegations such as underperforming plans, excessive fees.
Compliance June 21st, 2024 SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...
Compliance June 14th, 2024 Congress Urges Treasury to Share Unclaimed Bond Data with States There are about $30 billion in unclaimed savings bond assets that could be distributed to Americans.
Compliance June 14th, 2024 DOL Backs Unenforceability of Class Action Waivers The regulator filed an amicus brief with the 6th Circuit in May arguing that class action waivers in plan agreements...
Compliance June 10th, 2024 Legislation to Improve Health Billing Transparency Endorsed by ERISA Industry Committee The two acts would require more disclosures from providers to payers.
Compliance May 30th, 2024 ERIC Lays Out Its IRS, Treasury Priority Areas A letter from the ERISA Industry Committee lays out recommendations for its 2024-2025 Priority Guidance Plan for regulators including retirement...
Compliance May 14th, 2024 QDIAs To Receive ERISA Advisory Council Review The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
Compliance May 13th, 2024 AT&T Fee Lawsuit Could Reach Supreme Court Next Year Industry groups asked the Supreme Court to resolve an ERISA-related appeals court split.
Compliance May 7th, 2024 PTE 2020-02 and Compensation-Related Conflicts PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
Compliance March 19th, 2024 What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent? Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.
Deals & People March 15th, 2024 Retirement Industry People Moves – 3/15/24 Definiti appoints Andreski CEO, adds sales and ERISA leadership; Morgan Stanley taps AI division head; MFS Names Alison O’Neill as CIO;...
Compliance March 11th, 2024 Final Fiduciary Rule Goes to OIRA for Review The controversial rule will likely be published later this spring, with changes anticipated.
Compliance March 8th, 2024 House Passes Expanding Access to Capital Act Act includes amendments including CIT-expansion to 403(b)s and updating electronic disclosures.
Compliance March 5th, 2024 5 New Members Appointed to ERISA Advisory Council The 15-member panel comes from the retirement and investment industry and advises the Department of Labor on ERISA-related issues.