Case sensitive The Question Stands Must one tell all eligible workers if their employer offers a 403(b) plan?
Compliance June 21st, 2023 Anti-ESG Bill Would Require Only Pecuniary Factors to Be Considered Kentucky Representative Andy Barr introduced a bill aimed at returning investment regulations to a Trump-era standard.
Compliance June 15th, 2023 DOL Says to Expect Fiduciary Proposal in August The new rule would seek to redefine when investment advisers for plans and IRAs are 3(21) fiduciaries.
Compliance June 1st, 2023 Senate HELP Committee Urges DOL to Prioritize Certain Secure 2.0 Provisions The recommended focus areas include emergency savings and defined benefit annual funding notices.
Compliance June 1st, 2023 IRS Provides Interim Guidance for EPCRS Changes SECURE 2.0 laid out changes to IRS correction programs, but the May guidance clarifies how they will operate until the...
Compliance May 26th, 2023 Court Dismisses O’Reilly Auto Excessive Fee Lawsuit A district court judge dismissed a case brought by six former employees claiming the auto parts company allowed 401(k) participants to...
Deals & People May 19th, 2023 Retirement Industry People Moves IRI announces new appointments to board of directors; ERISA experts Treichel, Cooper, start Endeavor Law; The Standard selects divisional vice...
Practice Management May 1st, 2023 Why More Advisers Are Assuming 3(38) Role, Responsibility The fiduciary model that puts plan investment decisions in advisers’ hands offers expertise and streamlining, industry experts say.
The Markets May 1st, 2023 CITs May Be the New Mutual Funds of DC Plans: Have They Earned It? Low-fee collective investment trusts, already popular among large plan sponsors, may be moving down-market to smaller plans.
Compliance April 29th, 2023 Judge Dismisses Excessive Fee Complaint Against HR Firm TriNet The 2020 retirement lawsuit alleged that the plan committee did not properly monitor recordkeeper and investing fees.
Compliance Analysis How to Avoid Fee Conflicts Wealth managers can look to ERISA and the tax code for guidance.
Compliance April 3rd, 2023 Coca-Cola Settles ERISA Lawsuit Against MEP The plan has agreed to a $3.3 million settlement for a complaint alleging it failed to drop an overpriced fund.
Practice Management April 2nd, 2023 NQDCs Have Never Been More Popular. Is There Room for Them to Grow? Trying to attract and keep talent, firms offering nonqualified compensation plans may need more innovation than expansion.
Compliance March 29th, 2023 DISH Network Retirement Plan Survives Legal Challenge The plan had been challenged for excessive fees and underperformance under ERISA, but a federal judge dismissed the complaint.
Compliance March 15th, 2023 LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint The firm was hit with a complaint for allegedly keeping a Fidelity fund without moving to options that were less...
Compliance March 8th, 2023 EBSA Announces Three-Part Webinar Series on Fiduciary Duties The webinars will cover retirement plans and group health plans.
Compliance March 7th, 2023 Five New Members Added to ERISA Advisory Council The five new members join the Council, totaling 15 members, who give advice to the DOL on ERISA regulatory matters.
Deals & People March 3rd, 2023 Retirement Industry People Moves CastleKeep names Mike Benevento partner; Snowden Lane Partners adds Eduardo Alvarez Andreu; Matt Berman named president at Foresters Financial; and...
Compliance February 28th, 2023 IRS Proposes Rules That Require Retirement Forfeitures Be Used in 12 Months A new IRS proposal formalizes guidelines on how plan administrators should manage and use retirement plan forfeitures.
Compliance February 22nd, 2023 Expert: Advisers Should Pause on DOL Rollover Guidance Despite Court Reversal In the meantime, legal experts discourage advisers from violating it in case it is re-instated.