Compliance

Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the committee meeting.

The insurance company joins a laundry list of recent retirement plan providers facing similar litigation.

The Cigna Group was accused of mismanaging the forfeited funds in its 401(k) plan, and a settlement was reached in a case against Intuit Inc.

Janet Dhillon, the nominee to serve as director of the PBGC, was approved by the Senate committee in a narrow vote.

Senator Bill Cassidy proposed two bills that aim to strength employee stock ownership plans.

The Trump administration is reconsidering the final rule that was issued last year, and it may rescind or modify the regulation.

The 389-page House bill includes expanding ABLE accounts, college savings and health savings accounts, while adding new ‘MAGA’ accounts for kids and deductions for seniors.

The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its own Roth IRAs.

The reintroduced legislation would lower the participation age for ERISA-covered defined contribution plans to 18 years old.

Contribution limits on health savings accounts will increase again in 2026.

In a letter to the SEC, senators and representatives wrote that a ban would remove an ‘unacceptable risk’ and protect American markets, investors and security.

The commission clarified what applies when a 401(k) plan participant subject to insider trading rules sells company stock through a self-directed brokerage window.

A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.

The new guidance is part of the Trump administration’s broader shift toward deregulation and reducing the size of federal agencies. 

The parties agreed to a settlement in the second part of a case over prohibited transactions. 

The district court decision is the latest action in a flurry of cases concerning the alleged mismanagement of forfeited assets.

The measure passed the House Oversight Committee mostly along partisan lines and is expected to move to the Budget Committee.

With dementia cases on the rise, plan sponsors have a duty to protect assets and shelter participants from financial fraud.

Plan providers are using technology to authenticate participants, secure accounts, flag suspicious activity and help protect participants’ assets.

The judges did not comment on the case, and the 9th Circuit’s remand to a California district court will stand.