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...
Compliance
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,...
Money Market Funds Damaged by ‘Flawed’ SEC Amendments
According to the Investment Company Institute, the most significant changes were made without public input.
Judge Approves DOL’s Appeal to Pause Fiduciary Rule Litigation
The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.
CFP Board Releases Technology Standard Guide for CFPs
The guide should assist CFPs in complying with the duty of care standards outlined in the board’s code of ethics...
Call Center Rep Accessed Data of More Than 2,000 Customers at Inspira Financial
The third-party call center representative improperly accessed personal data of retirement plan participants between December 2024 and January 2025.
SEC Announces Unit to Protect Investors From Crypto, AI Scams
The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
Lawsuit Alleges Empower Misused Participant Data for Cross-Selling
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
The Pension Specialists Breach Exposes Data of 71,000 Participants
The external system breach exposed participants’ names and Social Security numbers.
District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear
A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
Answering Questions About SECURE 2.0 Catch-Up Provisions
Speakers at the PLANSPONSOR Roadmap livestream discussed the administrative challenges of implementing the Roth and age 60 to 63 catch-up...
Daniel Aronowitz Nominated to Head EBSA
President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.
DOL Files to Pause Appeal of Fiduciary Rule
Under the previous administration, the Department of Labor had filed notices of appeal in the fall of 2024 in two...
Schlichter Joins 401(k) Forfeiture Suit Fray
The plaintiffs in the case against Charter Communications Inc. allege the telecommunications giant ‘misused’ forfeited plan assets when reducing the...
Unions’ Motion for Restraining Order Against DOL Blocked
A judge blocked an attempt from several union groups and a think tank to prevent the Department of Labor from...
What to Know About Part-Time Employee Eligibility for Retirement Plans
Effective January 1, the SECURE 2.0 Act makes part-time employees who have met service criteria eligible for employer-sponsored retirement plans.
House and Senate Reintroduce Bills to Permit CITs in 403(b) Plans
The Investment Company Institute released a statement supporting the congressional effort on Thursday.
Will Trump DOL Move Away From Biden Independent Contractor Classification Rule?
Oral arguments in Frisard’s Transportation LLC v. United States DOL were scheduled to begin early this month, but under the...
Industry Groups File Amicus Brief Urging 11th Circuit to ‘Preserve Integrity of ERISA’
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint...
Department of Labor Secretary Nominee Gets Confirmation Hearing Date
While she has not been publicly outspoken about retirement policy, Chavez-DeRemer has been more active on the employer health plan...