Social Security Administration Extends Identity Proofing Requirements
The SSA also made an exception to the in-person requirement for for those applying for certain services, although the exception...
Compliance
Wells Fargo Health Plan Lawsuit Dismissed
The judge argued that the allegations were too speculative to show concrete individual harm and too conjectural to show redressability.
Voluntary Fiduciary Correction Program Improvements Take Effect
The Employee Benefits Security Administration’s updated self-correction tool launched this week.
DOGE Prohibited from Obtaining Social Security Data, Judge Rules
The restraining order was issued days before a nomination hearing for Frank Bisignano, Trump’s nominee for commissioner of the Social...
Social Security Administration Changes Process to Prove Identity
AARP and the Alliance for Retired Americans voiced concerns about the requirement that, starting March 31, Americans must visit a...
Lockheed Martin Sued for In-House Management of 401(k) Plan
The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s...
JPMorgan Sued Over Stable Value Fund in 401(k) Menu
The company was accused of using an in-house stable value investment that underperforms competitors.
JPMorgan Sued Over Health Plan’s Generic Drug Costs
The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...
Deadline for Retirees Taking Their First RMDs is April 1
The IRS rule applies to all traditional IRA owners and most participants in workplace retirement plans.
Georgia Bill Aims to Create State-Run Retirement Plan
The Peach State Saves program would automatically enroll eligible workers in a Roth IRA.
Chavez-DeRemer Confirmed as Secretary of Labor
The full Senate vote came after President Donald Trump’s pick to head the Department of Labor was cleared by the...
Fired Probationary Workers Reinstated at EBSA
The probationary employees and head of the Department of Labor’s Division of Employee Ownership, who were recently terminated, reportedly received...
403(b) Plans Have Special Considerations When Complying with SECURE 2.0
Speakers during Wednesday’s PLANSPONSOR Roadmap Livestream session, “Special Considerations for 403(b) Plans,” discussed rules for long-term, part-time employees, the formation...
PPL Corp. Agrees to Settle Participant Lawsuit Over TDFs for $8.2M
Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement...
Social Security Administration Announces Staff Downsizing Plans
The SSA recently set a staffing target of 50,000, down from its current level of approximately 57,000 employees, according to...
Treasury Secretary Bessent Announces JR Gibbens as Sovereign Wealth Fund Adviser
Gibbens joins the Treasury from the Office of Strategic Capital, a unit of the Department of Defense that invests in...
Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA
A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than...
What DOL Layoffs Could Portend for EBSA’s Future
Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts...
ERISA Advisory Council Status Unclear
The ERISA Advisory Council has not yet set a date for the year’s first meeting, and the DOL has also...
Chavez-DeRemer’s Secretary of Labor Nomination Advances to Full Senate
The Senate Committee on Health, Education, Labor and Pensions cleared President Donald Trump’s nominee to head the Department of Labor,...