In addition to extending the deadline for plans to permit distributions, the notice clarified reporting requirements for plan sponsors and insurance carriers.
The investment accounts for children promise simplicity, but financial experts say they are more likely to provide just another twist to the maze of savings vehicles.
The acting secretary of labor defended the administration’s fiscal 2027 budget as offering a more efficient approach to job training, while senators questioned cuts.
The president and his advisers float the idea of borrowing elements from Australia’s vast superannuation regime, but experts question how far Republicans are willing to go.
The plaintiffs’ law firm expanded its campaign against employers over supplemental insurance offerings, arguing that workers are overpaying for critical coverage.
The Pension Benefit Guaranty Corporation is following recent efforts from other retirement regulators that have increasingly weighed in on litigation to support employers.