Compliance

The changes would cause many government workers to contribute more, while receiving reduced benefits.

Industry experts discussed how plan sponsors can update plan documents, create committees and monitor vendors to maintain fiduciary oversight over their health plans.

Rick Funston, CEO of Funston Advisory Services, talks through how public plan fiduciaries can prepare for and manage an increasingly complex pension world.

The verdict and monetary award serve as a warning for other situations in which plan sponsors and service providers may share ownership or leadership.

The class of more than 25,000 employees and retirees was awarded more than $38 million.

A white paper issued by Senator Bill Cassidy is meant to address the retirement readiness shortfalls for gig workers.

Although the rule survived several court challenges during the previous administration, it is in jeopardy once again.

Industry experts worry that a new wave of ERISA lawsuits will follow the ruling that lowered the bar for plaintiffs alleging prohibited transactions.

District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on the plan participants or the fiduciaries.

Cornell employees can once again challenge the university over claims of excessive recordkeeping fees in the school’s defined contribution plans. 

The executive order signed on Wednesday requires the Secretary of Labor to propose regulations to improve transparency into compensation of pharmacy benefit managers.

The bill would offer federally run retirement savings plans to low- and middle-income workers with no access to an employee-sponsored plan.

The Department of Labor will have more time to decide its next steps in litigation against the Biden-era Retirement Security Rule.

Accessing health plan data is a plan sponsor’s ‘superpower’ and provides leverage in negotiations with pharmacy benefit managers, according to experts.

The IRS agreed to share taxpayer data with immigration authorities, a marked contrast to its 2023 approach to EBSA’s lost-and-found database.

How can plan sponsors avoid prohibited actions, mitigate fiduciary exposures and correct errors?

The Financial Freedom Act would reverse the Department of Labor’s guidance against including cryptocurrency investments in 401(k) accounts.

The regulator addressed confusion resulting from ERISA-related questions that arose after passage of the SECURE 2.0 Act of 2022.

In a commentary this week, Julie Su opined about “nightmares that could become the norm in a country without a strong U.S. Department of Labor.”

Complying with the Consolidated Appropriations Act requires health plan fiduciaries to closely monitor the middlemen involved in administering their health plans.