DOL Issues Updated Cybersecurity Guidance
A new compliance release issued by EBSA clarifies that cybersecurity guidance applies to all employee retirement benefit plans and health...
Compliance
Federal Regulators Seek Comments on Saver’s Match Contributions
Responses are requested by November 4 for the program scheduled to launch in 2027.
Nuts & Bolts: NAGDCA Explains How to Offer a Self-Directed Brokerage Window
The organization’s latest guidelines lay out fiduciary best practices for offering the brokerage window to retirement plan participants.
Salesforce Settles 401(k) Suits for $1.35M
Combined lawsuits filed in 2020 and then 2024 alleged excessive fees for a $5 billion retirement plan.
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual...
Keys to Guarding Retirement Plan Data Against Human Error
Mistakes managing employer-sponsored plan data often expose vulnerabilities that can be exploited by bad actors.
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The Department of Labor has backed an appeal by IBM retirees to reopen a lawsuit alleging the company used outdated...
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.
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.
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.
‘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...
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...
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...
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.
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...
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.
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.
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...
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.
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...