Chamber of Commerce, ERIC Plead for Fewer Retirement Plan Disclosures
The interest groups agree that most participants do not read nor understand many disclosures related to their retirement benefits.
Tag: retirement plan disclosures
Industry Advocates Implore DOL for Regulatory Clarity on SECURE 2.0
Emergency savings and disclosures were points of focus.
Attorneys Argue for Stricter Reading of ‘Actual Knowledge’ in ERISA Cases
Responding to a case against Intel 401(k) plan fiduciaries, U.S. attorneys say just because retirement plan participants receive investment disclosures doesn't mean they have actual knowledge that a...
Groups Side With Intel in ‘Actual Knowledge’ Case
In a brief of amici curiae filed with the U.S. Supreme Court, they argue that an appellate court decision undermines the value of retirement plan disclosures and should...
Simplification of Retirement Plan Disclosures Included in Trump Executive Order
The executive order regarding RMD rules and open MEPs, signed last week by the President, also asks the DOL and Treasury to simplify disclosure regulations for plan sponsors...
Rare Motion for Reconsideration Granted by District Court in ERISA Suit
Legal experts generally consider reconsideration of a judgment an extraordinary remedy, one which will be granted only sparingly; even so, a federal district court has admitted key mistakes...
Council Recommends Simplifying Mandated Retirement Plan Disclosures
The ERISA Advisory Council has provided the DOL with recommendations for design and delivery improvements with respect to the Summary Plan Description, the Annual Funding Notice and the...
Lawmakers Reintroduce Bill to Encourage Electronic Retirement Plan Disclosures
The RETIRE Act would ensure employers make retirement information easily accessible online, while providing protections for employees who prefer to receive paper documents.