Compliance Update
Compliance Update
Summaries of the latest news from Washington and the courts—what’s coming, what’s contemplated and what’s critical for plan sponsors to know.
Reported by PLANSPONSOR Staff
Art by Ran Zheng
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DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
PBGC Rescues Teamsters and UFCW Plans
The two local plans received SFA grants to protect their solvency through 2051.
Final Fiduciary Rule Expected Soon
OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.