Compliance

The plan had been frozen since its sponsor, an aerospace company, closed in 2023.

Sponsors and fiduciaries need a meaningful comparative for funds, but it is unclear what the Supreme Court may recommend.

The plaintiff alleges that fiducuaries' failure to remove an underperforming actively managed mutual fund from the 401(k) plan's menu led to losses for participants.

The grocery chain was ordered to pay $1.2 million out of the more than $9 million former employees sought.

The final rule stems from multiple agencies’ 2025 proposal that leaves plan sponsors with increased compliance and governance responsibilities.

The events, both scheduled for mid-October, concern health plan investigations and voluntary fiduciary correction programs.

The parties did not agree on the definition during Tuesday’s proceedings.

During a pro forma session on Thursday, two ranking members kicked off their bid for SECURE 3.0 legislation. 

Congress passed a bill changing the descriptions for Social Security claiming ages, as experts consider the impact of potential benefit cuts.

The party-line vote came nearly six months after Sonderling became acting secretary.

James Campbell made more than 100 unauthorized withdrawals from a master trust.

In a ruling that could affect future pension risk transfer litigation, a U.S. district court judge ruled that a delegated fiduciary adviser needed to face charges.

The proposal from IRS and Treasury would enable automatic account creation by the Treasury secretary.

The Securities and Exchange Commission, designed to be led by a five-member panel, will have only two remaining commissioners.

The ERISA Industry Committee and others filed an amicus brief supporting the employer’s decision on how to use forfeitures.

The bill comes as estimates say trust fund depletion under existing benefit and revenue provisions could come in 2032.

More than 80,000 comments were submitted as of today’s deadline for public comment.

The Department of Labor is also requested to answer related questions by October 1.

Had it passed, the bill would have potentially been amended to add other retirement industry-backed provisions.

One day before a midterm recess, the House of Representatives passed legislation to clarify fair market value for stocks purchased or sold by an employee stock ownership plan.