Compliance

President Donald Trump’s nominee for secretary of labor expressed support for the Biden-era Butch Lewis Act, but also walked back her support for pro-union legislation.

The external system breach exposed participants’ names and Social Security numbers.

A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made before the Supreme Court overturned the Chevron standard.

Speakers at the livestream discussed the administrative challenges of implementing the new Roth and age 60 to 63 catch-up provisions under SECURE 2.0.

In its letter to Congress, ERIC urged lawmakers to ‘preserve and protect’ ERISA, maintain tax incentives in health and retirement plans, and impost health care cost transparency.

Department of Labor had filed notices of appeal in September 2024 regarding two federal court rulings that had stayed implementation of the expanded fiduciary rule. 

The plaintiffs in the latest forfeiture case are represented by law firm Schlichter Bogard LLP.

Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.

Several union groups and a think tank attempted to prevent the Department of Labor from allowing Elon Musk’s Department of Government Efficiency to access sensitive data and information.

The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes access to confidential data and payment systems.

Meanwhile, government employee unions and labor groups filed a lawsuit seeking to block Elon Musk’s efficiency organization from accessing DOL systems containing sensitive information.

The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.

The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy rights of millions of Americans.

Abernathy Daley 401k Consultants' 5500 review finds that most corporate retirement plans have regulatory or fiduciary violations.

Two more companies, in addition to Trader Joe’s, now face lawsuits related to 401(k) forfeitures.

While implementing SECURE 2.0 provisions effective 2025, plan sponsors prepare for a big change next year.

While catch-up contributions and cash-out thresholds have been adopted widely, take-up is more ponderous for student loan matching and emergency withdrawal flexibility.

Participants allege that the airline failed to remove a large-cap growth investment option after ‘15 years of underperformance.’

A district court in New Jersey ruled that the plaintiff lacked standing for certain claims, but there is a chance the case will be resurrected.