Compliance

The current administration’s abandonment of the 2024 Department of Labor proposal to apply fiduciary rules to retirement investment advice is now complete.

Thrift Savings Plan participants will soon be able to convert their balances to Roth accounts within the plan, expanding retirement flexibility but adding tax considerations.

The court upheld the decision of a New York district court, ruling that the pension plan's investment strategy did not violate fiduciary duties.

Maximum Benefit/Contribution Limits for 2021 through 2026, with a downloadable PDF of limits from 2016 to 2026.

The decision to withdraw from the court battle likely marks the end of the lengthy dispute over the retirement investment advice regulation.

The department stated that non-citizens will be ineligible for the tax credits scheduled to go into effect in 2027. 

The commissioner said defined contribution plans should diversify beyond public securities aligning with the August executive order spotlighting inclusion of private assets in retirement plans.

This kind of ERISA complaint has struggled to gain traction since the Department of Labor’s amicus brief in favor of employers. 

The medical center’s broader system is accused of maintaining the higher-cost funds despite access to cheaper institutional versions with lower fees.  

The Securities and Exchange Commission intends to focus on scrutinizing recommendations made to older investors and retirement savers.

Rick Case Enterprises Inc. stands accused of mismanaging its retirement plan by mishandling its service provider conversion. 

While acting as recordkeeper and trustee of Centene Management’s 401(k) plan, Fidelity is accused of several breaches of its fiduciary duties, as is the plan sponsor. 

Recordkeepers and payroll providers say systems will not be thrown off by the later release.

The record closure in Washington has left plan sponsors with minimal time to navigate upcoming changes. 

The ERISA Industry Committee and a plethora of employers, workers, patients, providers and consumers joined in seeking changes to pharmacy benefit rules.

The latest ruling adds another victory for plan sponsors as complaints continue to result in mixed outcomes. 

As employer eligibility for the Public Student Loan Forgiveness program narrows, financially strained workers may look to employer matches for student debt relief.

The guarantees cap the monthly pension it pays if a single employer plans it administers fails. 

The decision should put the complaint to bed after more than two years of litigation.  

The plaintiffs allege the plan’s custom benchmark failed to properly track the investments, which underperformed similar funds.