Compliance

The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its own Roth IRAs.

The reintroduced legislation would lower the participation age for ERISA-covered defined contribution plans to 18 years old.

Contribution limits on health savings accounts will increase again in 2026.

In a letter to the SEC, senators and representatives wrote that a ban would remove an ‘unacceptable risk’ and protect American markets, investors and security.

The commission clarified what applies when a 401(k) plan participant subject to insider trading rules sells company stock through a self-directed brokerage window.

A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.

The new guidance is part of the Trump administration’s broader shift toward deregulation and reducing the size of federal agencies. 

The parties agreed to a settlement in the second part of a case over prohibited transactions. 

The district court decision is the latest action in a flurry of cases concerning the alleged mismanagement of forfeited assets.

The measure passed the House Oversight Committee mostly along partisan lines and is expected to move to the Budget Committee.

With dementia cases on the rise, plan sponsors have a duty to protect assets and shelter participants from financial fraud.

Plan providers are using technology to authenticate participants, secure accounts, flag suspicious activity and help protect participants’ assets.

The judges did not comment on the case, and the 9th Circuit’s remand to a California district court will stand.

The legislation would require the Department of Labor to submit annual reports on the status of its investigations, including those active for more than 36 months.

A 195-page report from Senator Bill Cassidy called for major reforms, insisting low-income patients are not benefiting from intended benefits.  

The changes would cause many government workers to contribute more, while receiving reduced benefits.

Industry experts discussed how plan sponsors can update plan documents, create committees and monitor vendors to maintain fiduciary oversight over their health plans.

Rick Funston, CEO of Funston Advisory Services, talks through how public plan fiduciaries can prepare for and manage an increasingly complex pension world.

The verdict and monetary award serve as a warning for other situations in which plan sponsors and service providers may share ownership or leadership.

The class of more than 25,000 employees and retirees was awarded more than $38 million.