Compliance August 30th, 2024 DOL Recommends Reopening Retirees’ Lawsuit Against IBM The Department of Labor has backed an appeal by IBM retirees to reopen a lawsuit alleging the company used outdated...
Compliance August 29th, 2024 SPARK Meeting Addresses Roth Catch-Up Preparedness Committee lays out recordkeeper and payroll provider workflow for the pending SECURE 2.0 Roth catch-up mandates.
Compliance August 29th, 2024 Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.
Compliance August 28th, 2024 Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’ The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Compliance August 27th, 2024 ‘Emerging’ Health Plan Litigation Signals Need for Plan Adviser Diligence A Wells Fargo health plan lawsuit is a reminder for plan advisers and sponsors to carefully consider and document their...
Compliance August 27th, 2024 Social Security Administration Simplifies Supplemental Claims The Social Security administration announced the results of a multi-year project to simplify processes for those with disabilities and the...
Compliance August 21st, 2024 SEC Charges Transfer Agent Equiniti Trust for Failing to Safeguard Clients From Cyber Attacks The ruling shows the increased need to protect client data, as recordkeepers and others could face such fines due to...
Compliance August 21st, 2024 Federal Judge in Texas Puts Nationwide Block on FTC’s Noncompete Rule The ban goes from preliminary to permanent in the latest ruling, but the FTC will likely appeal to the 5th Circuit.
Compliance August 20th, 2024 Nordstrom Suit, HP Revival Add to 401(k) Forfeiture Cases A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...
Compliance August 19th, 2024 Interim IRS Guidance Published on Student Loan Matching Payments The program, created in SECURE 2.0, addresses student loans, which are considered a significant impediment to retirement savings.
Compliance August 19th, 2024 Judge Grants Class Status in Genworth, BlackRock TDF Suit The plaintiffs invested in BlackRock’s LifePath Index Funds get a rare win when compared to similar 401(k) complaint proceedings.
Compliance August 16th, 2024 IRS Launches Public-Private Committee to Guard Against Tax Scams About 60 private sector companies and groups join the IRS to combat a rise in tax scams ahead of next...
Compliance August 15th, 2024 SEC Fines 26 Firms for Off-Channel Client Comms Violations The regulator continues a push to crack down on the tracking and use of ‘off-channel’ client communication, such as texting.
Compliance August 15th, 2024 Missouri Court Strikes Down Anti-ESG Rules A district court judge put a permanent injunction on rules that required advisers to disclose any time they made decisions...
Compliance August 14th, 2024 A Compliant Process for Plan-to-IRA Rollovers Fred Reish and Joan Neri detail how RIAs can comply with current rules while the new DOL fiduciary rule remains...