Compliance

The Department of Labor cited an example from its proposed alts rule in siding with the employer. 

The organization’s amicus brief backed Intel and warned that allowing lawsuits based on hindsight would fuel costly litigation and harm 401(k) participants.

According to the National Association of Government Defined Contribution Administrators, 15 states currently allow for some automatic enrollment.

Recent court decisions suggest that using consumer artificial intelligence tools for legal guidance could jeopardize privileged communications, but the law remains unsettled.

The Office of the Inspector General called for stronger oversight and controls for sharing confidential information.

According to the company, the nation’s highest court must rely on an ‘apples-to-apples comparison’ when judging alleged underperformance.

Investment menu rulemaking and outstanding SECURE Act and SECURE 2.0 guidance dominated the regulators’ newly posted lists.

Less than one year after being authorized, and after multiple rounds of guidance, the accounts for children are active.

The proposed regulation, which would bar fiduciaries from weighing climate and social factors, has not yet been published for public comment.

SIFMA urged the SEC to take direct control of and fully fund the CAT, while the ASA sought protection for investors’ personally identifiable information.

The new version offers plan sponsors recommendations based on the DOL’s growing focus on documentation, process and oversight.

A State Street exchange-traded fund based on the S&P 500 will serve as the default, with other index funds to become accessible down the road.

Republicans touted direct contracting as a way to lower employer healthcare costs, while Democrats warned that Medicaid and ACA reductions threaten workers.

The complaint, filed in Virginia, claims fiduciaries kept an underperforming Nuveen fund in the company’s 401(k) plan despite persistent lagging returns and higher fees.

The Department of Education’s tweak came in response to a district judge’s preliminary injunction staying its definition of ‘professional degree.’

The former assistant secretary has served in the lead role since April after Lori Chavez-DeRemer resigned.

A plan, included in its emergency spending request, revives a long-running fight to restore benefits cut after GM’s 2009 bankruptcy.

Witnesses debated whether the children’s investment accounts should remain limited to passive funds.

The ruling adds to the ongoing fight over how forfeited funds should be used.

The temporary incentive comes as borrowers navigate changes to the federal student loan system.