Judge Dismisses 401(k) Forfeiture Complaint Against WillScot
The district court ruling permits the plaintiff to amend one of the five initial counts against the employer.
Compliance
House Committee Advances Bill Meant to Assist Retirees in Maximizing Social Security
The legislation clarifies language to help workers determine when to claim benefits.
Daniel Aronowitz Confirmed as Head of DOL’s EBSA
The former president of Encore Fiduciary will head the Employee Benefits Security Administration, having pledged to streamline retirement plan oversight and end the ‘war on ESOPs.’
What Comes Next After IRS Issues Final Rules on Roth Catch-Ups?
Plan sponsors, payroll providers and plan administrators should already be ensuring they have processes in place to comply with the requirements, according to legal experts.
House Committee Advances 3 Retirement Bills
Two of the measures target the DOL’s audit process, and another addresses ESOP valuation risks.
Husch Blackwell Sued for Alleged 401(k) Self-Dealing
A class action complaint claims the law firm diverted retirement plan contributions to pay company operating expenses.
SEC Again Postpones Disclosure Deadline for Private Investment Funds
The extension gives the regulator time to reduce the number of firms that have to file information.
ERIC Supports California Bill on Pharmacy Benefit Manager Reform
The ERISA Industry Committee praised the state legislature’s efforts to amend a proposal to prevent state oversight from clashing with ERISA uniformity.
Proposed Bill Would Permit Transfer of Unclaimed Retirement Distributions to State Claim Programs
The legislation attempts to move lost savings closer to workers who might be able to claim them by directing them to the state level.
Treasury, IRS Issue Final Regulations on Roth Catch-up Contributions
The statutory deadline has not been extended, but the rules will only be applied in 'good faith' in 2026.
Social Security Benefits Predicted to Increase by 2.7% in 2026
The Senior Citizens League anticipates a slight increase in benefits for next year.
DOL Sides With Morgan Stanley: Deferred Pay Is a Bonus
The agency concluded that the firm’s deferred compensation program is not subject to ERISA.
IBM Faces Complaint Over $14B in PRTs to Prudential
A former employee alleges that the technology company and its fiduciary, State Street, jeopardized participants’ retirement savings.
Thrift Savings Plan Might Take Longer to Add Private Investment Capability
The nation’s largest plan will need more regulatory changes to begin offering alternatives to its participants.
Industry Groups Push DOL for Sub-Regulatory Guidance on 401(k) Private Market Investments
An executive order last month gave the agency six months to provide its regulatory agenda.
AARP Joins Suit Against TIAA Alleging Mismanagement of Retirement Funds
The amended complaint adds additional claims and names two more former TIAA employees as plaintiffs.
DOL Lays Out Regulatory Priorities
The Department of Labor’s agenda includes new proposals and suggests that both the ESG and fiduciary rules will be replaced.
Magistrate Judge Recommends Dismissal of AT&T PRT Suit
Plaintiffs have standing to sue but did not sufficiently allege a fiduciary breach, a Massachusetts magistrate found.
Colgate-Palmolive Settles Longstanding Pension Calculation Complaint for $332M
The agreement with former employees arrived after nine years of litigation.
Employer Groups Push Court to Toss PRT Case
The ERISA Industry Committee, American Benefits Council and others filed an amicus brief urging a district court to dismiss the complaint against Weyerhaeuser.