Compliance

A white paper issued by Senator Bill Cassidy is meant to address the retirement readiness shortfalls for gig workers.

Although the rule survived several court challenges during the previous administration, it is in jeopardy once again.

Industry experts worry that a new wave of ERISA lawsuits will follow the ruling that lowered the bar for plaintiffs alleging prohibited transactions.

District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on the plan participants or the fiduciaries.

Cornell employees can once again challenge the university over claims of excessive recordkeeping fees in the school’s defined contribution plans. 

The executive order signed on Wednesday requires the Secretary of Labor to propose regulations to improve transparency into compensation of pharmacy benefit managers.

The bill would offer federally run retirement savings plans to low- and middle-income workers with no access to an employee-sponsored plan.

The Department of Labor will have more time to decide its next steps in litigation against the Biden-era Retirement Security Rule.

Accessing health plan data is a plan sponsor’s ‘superpower’ and provides leverage in negotiations with pharmacy benefit managers, according to experts.

The IRS agreed to share taxpayer data with immigration authorities, a marked contrast to its 2023 approach to EBSA’s lost-and-found database.

How can plan sponsors avoid prohibited actions, mitigate fiduciary exposures and correct errors?

The Financial Freedom Act would reverse the Department of Labor’s guidance against including cryptocurrency investments in 401(k) accounts.

The regulator addressed confusion resulting from ERISA-related questions that arose after passage of the SECURE 2.0 Act of 2022.

In a commentary this week, Julie Su opined about “nightmares that could become the norm in a country without a strong U.S. Department of Labor.”

Complying with the Consolidated Appropriations Act requires health plan fiduciaries to closely monitor the middlemen involved in administering their health plans.

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.

Experts recommend retirement plans conduct fiduciary education and training sessions at least annually and any time a new member joins the plan committee.

While outsourcing advisers or consultants can help relieve plan sponsors’ administrative tasks, it does not absolve them of fiduciary responsibility.

Who are retirement plan fiduciaries and what does ERISA require them to do?

Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent cases.