IRS Part-Time Eligibility Rules Bring Relief, Surprise, Deadline Concern
The vesting rule in the proposal is a focus for industry experts.
Tag: ERISA
Part-Time Retirement Eligibility Proposal Seeks to Clarify Complex Legislation
The IRS published fiduciary guidance on legislation intended to give more part-time workers access to retirement plans.
New Senate Bill Would Prevent Retirement Plans from Omitting Workers Aged 18-20
Many plans start participation at age 21; new legislation would require inclusion of anyone 18 or older.
Advisers Selling Product, Not Process, in Fiduciary Rule Crosshairs
Experts discuss the ripple effect of the Department of Labor’s proposed fiduciary rule amendments.
State AGs Appeal Dismissal of Suit Challenging DOL’s ESG Rule
The Department of Labor’s defense continues on two tracks, one in Wisconsin, and 2another in the 5th Circuit.
Case sensitive
Are They Legally Binding?
Circuit courts are mixed on arbitration clauses in plan documents.
OMB Begins Holding Stakeholder Meetings for New Fiduciary Rule
The proposal will likely address compensation structures and IRA rollovers, though no draft is available yet.
Two Plan Sponsors Accused of Improper Use of 401(k) Forfeitures
ERISA experts point to longstanding and widespread practice of using forfeitures to reduce future employer contributions or pay reasonable expenses.
DOL Approves Citi Diverse Asset Program for 401(k)s
According to the regulator, Citi will not violate ERISA fiduciary duties by paying plan fees of diverse asset managers.
Will ESOPs Finally Get Regulatory Clarity?
SECURE 2.0 requires DOL to create rules for ESOP valuation.
What Advisers Should Know About Cybersecurity Insurance
Experts provide insight into an insurance market predicted to grow from $6 billion to $33 billion in coming years.
Judge Upholds DOL ESG Rule
A Texas judge, appointed during the Trump administration, ruled that the DOL does not violate ERISA by permitting ESG in...
When Attorney-Client Privilege Applies Under ERISA
If communications concern plan assets, they may be discoverable during litigation.
AT&T Receives Industry Backing in 2017 Excessive Fee Case
ERIC, CIEBA, SPARK and ABC submitted an amicus brief on behalf of the firm’s retirement plan.
Are You Ready for Class Action Health Care Plan Fee Litigation?
Joanne Roskey, a former DOL solicitor and current ERISA attorney, discusses how to prepare for the likely wave of litigation...
May Climate Funds Be Used in DC Plan Menus?
Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
DOL Beats ForUsAll Crypto Suit
A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency...
Another BlackRock TDF ERISA Challenge is Dismissed
An ERISA lawsuit alleging TDF underperformance by the asset manager for Cisco 401(k) participants has been dismissed.
Lawsuit Would Block Missouri’s Anti-ESG Advising Rule
Requiring registered advisers to follow state-level ESG disclosure rules violates federal law, according to SIFMA’s lawsuit.
Live Nation 401(k) Plan Escapes Class Suit, Moves to Arbitration
A federal judge in California ruled for Live Nation in a motion to move the case to arbitration.