Compliance

Common interest agreements between legal firms and the Department of Labor have attracted prior criticism but they are less likely to occur under the Trump administration. 

The announcement comes one day after the tax regulator began furloughing employees because of the ongoing government shutdown. 

The agency will retain slightly more than half of its staff, but it will likely face delays if the government impasse continues. 

The bills, lacking Republican co-sponsors, are unlikely to pass, but are meant to address the financial hardship faced by federal workers during the government impasse.  

The group’s survey found that fear of lawsuits is at least a ‘somewhat significant’ factor when 89% of employers consider enhancing benefits.  

The Massachusetts court accepted the recommendations of a magistrate opinion from last month, but the suits may be amended and refiled.

The 2025 income limit for claiming the tax credit for lower-income workers who save for retirement has increase slightly to $39,500 for individuals filing their 2025 taxes.

Although the airline was found in violation of its duty of loyalty, it was not required to pay monetary damages. 

The funds are intended to support education, home purchases or new businesses, but not until participants turn 18.

A similar case, also involving annuity provider Athene Annuity and Life Co., was dismissed earlier this week by the same judicial district. 

Funding will run dry if Congress does not agree to a funding resolution before October 1.

The parties entered into mediation before a ruling had been made on Capital One’s motion to dismiss the case; the terms of the settlement have not been disclosed. 

The legislation would amend the 340B Drug Pricing Program to ensure it benefits low-income patients, according to the bill’s sponsors.

The clarification makes slight changes to requirements for majority owners that choose to waive their plan benefits.

General Electric Co. faced the complaint from former participants following a 2020 pension risk transfer conducted with Athene. 

Participants of the retirement plan alleged years of financial mismanagement and self-dealing in NRECA’s 401(k) Pension Plan.

Nine Republican members of the House Committee on Financial Services published a latter to the agency requesting quick guidance.

The advisory opinion could lead to greater adoption of annuity products.

The new agency head will have to balance an executive order, SECURE 2.0 deadlines and other responsibilities.

The complaint, tied up in court for two years, challenged the proprietary investments in the hedge fund manager’s retirement plan.