Compliance

The decision in a case about President Trump’s birthright citizenship order has wide implications but does not affect pending litigation about the Biden-era Retirement Security Rule. 

Trump’s nominee will now face a full Senate vote to lead the Department of Labor agency tasked with enforcing the Employee Retirement Income Security Act and safeguarding employer-sponsored...

The agency has previously raised concerns about risks of the traditionally institutional asset class.

Democratic Senator Elizabeth Warren wrote to the company’s CEO pointing out the risks of the asset class and demanding details of the firm’s plans.

Plan sponsors continue to face a flurry of legal action, but the nominee to head EBSA has pledged to cut down on litigation if confirmed.

The Joint Committee on Taxation acceded to a Republican request to base the (considerably lower) estimate for the cost of the Senate bill on ‘current policy baseline.’

The District of Minnesota ruling found that the plaintiff failed to state a claim under ERISA.

The Department of Labor reset to ‘neutral’ its stance on cryptocurrency investing in retirement plans, rolling back the previous advice to exercise ‘extreme care.’

A complaint by Wesco Inc. claims BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of federal fiduciary duties.

The GENIUS Act sets new compliance standards for issuers of stablecoins.

The complaint had accused the company of breaching its fiduciary duties and engaging in prohibited transactions.

According to the notice, a pandemic-era pension rescue program could lead to unexpected costs.

While the version differs only slightly from the House version, the Senate increase senior deductions but did not propose expanding health saving account contributions.

Retirement plan participants alleged the service organization engaged in prohibited transactions, while the health care giant agreed to pay a record fee.

Rules spanning ESG, cybersecurity provisions and more have been rescinded.

A separate lawsuit was filed against the health care company in May, as similar cases continue.

Discussion topics include ‘anticompetitive conduct’ by pharmaceutical companies’ ‘regulatory abuse’ and turning insights into action.

The council has not met since President Donald Trump’s inauguration, but the report was released after Democrats in Congress raised concerns about the council’s future.

A federal judge in Massachusetts granted partial summary judgment in favor of Liberty Mutual, but an alleged breach of the duty of prudence was allowed to continue.

When a plan faces an audit from the DOL or IRS, it is important to work closely with providers to produce the right documentation, according to expert panelists.