Department of Labor Schedules ERISA Advisory Council Meeting
The October 22 online session will focus on lifetime income and the access to claims procedures.
Tag: ERISA
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.
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.
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."
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
Preparing for the Retirement Security Rule
Some provisions are set to come into effect in September.
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.
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...
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.
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...
Legislation to Improve Health Billing Transparency Endorsed by ERISA Industry Committee
The two acts would require more disclosures from providers to payers.
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...
QDIAs To Receive ERISA Advisory Council Review
The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
AT&T Fee Lawsuit Could Reach Supreme Court Next Year
Industry groups asked the Supreme Court to resolve an ERISA-related appeals court split.
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.
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.
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;...
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
House Passes Expanding Access to Capital Act
Act includes amendments including CIT-expansion to 403(b)s and updating electronic disclosures.