Compliance

The bill will likely have to be added to a budget bill early in 2024 to pass.

The New York representative was expelled for fraud and other offenses on Friday and did not meet the minimum service requirement for the benefit.

Employees allege the Tyson Foods plan committee did not monitor and negotiate for reasonable recordkeeper fees.

A report from the New School outlines some policy options to encourage later collection.

The new rules will require managers to obtain consent for their investment policy.

The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers with LTPT employees, according to experts. 

A pension participant in Florida is suing after his benefits were allegedly reduced.

The Treasury Department issued a record-breaking multi-billion dollar fine against crypto exchange Binance as part of a broad settlement with federal officials.

Plan sponsors now have IRS guidance on what part-time workers are eligible for plans, though a comment period and finalization are still ahead.

Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for a potential Supreme Court decision.

Kraken filing should be "a clear warning" to retirement plans to consider if offering crypto investments is "prudent," Wagner Law attorney writes.

The McCullough, Campbell & Lane LLP retirement savings plan owes an average of more than $200,000 to 25 participants.  

Schedules DCG and H, among others, will be modified for disclosures filed next year.

This could be a reason to lower premiums, though insurance conditions have been volatile before.

Principal, T. Rowe Price, Vanguard and Ascensus note ongoing system issues due to a cybersecurity problem at a US-based division of Infosys.

The legislation would prevent plan sponsors from setting a minimum age of 21 for workers to participate in retirement plans.

The resolution would give Congress an additional two months to finalize a budget.

Ascensus and its Newport Group-run nonqualified retirement systems have not been able to update participant accounts since November 2.

An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.

The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser proposal.