Compliance

The handoff will likely begin with plan sponsors and payroll providers, but the process becomes more complex after that. 

The president specifically called for 'strengthening' ERISA fiduciaries' responsibility to act in participants' financial interest. 

The notice shared details about new tax benefits for health savings accounts, including broader eligibility via high-deductible health plans.

The bill, which includes more than 20 measures that had progressed out of committee, would ‘level the playing field’ for investments in plans serving educators and nonprofit employees. 

The federal government, via the solicitor general and the DOL, is increasingly favoring employers in ongoing ERISA litigation, including on pension risk transfer transactions. 

The fintech company asserts legal backing in its public dispute with the nation’s largest recordkeeper. 

Senators and witnesses engaged in a wide-ranging, hour-long debate on the future of saving. 

Plan sponsors can now submit standard termination filings and coverage determination request forms online.

A federal district court in Virginia ruled that defendants had discretion on how to use the forfeited funds. 

Lack of standing again doomed the case that had been amended twice, but the plaintiffs were granted leave to amend it again. 

According to the bill’s authors, it would enable retirees to consolidate their assets and simplify their retirement savings.  

The guidance lays out regulatory and statutory changes that might require plan amendments.  

A district court judge had ruled that the retailer’s use of forfeited funds complied with plan documents and the law.

The bill features more than 20 measures that have successfully progressed out of committee. 

The savings accounts for children are expected to go live on July 4, 2026.

Republicans are seeking stricter pleading standards, while Democrats want to uphold the Supreme Court’s Cunningham v. Cornell standard.

ERIC, Chamber of Commerce, National Retail Federation File Brief in Support of Dismissed Forfeiture Complaint

Lawmakers also introduced a bill to ease retirement savings for seniors. 

The current administration’s abandonment of the 2024 Department of Labor proposal to apply fiduciary rules to retirement investment advice is now complete.

Thrift Savings Plan participants will soon be able to convert their balances to Roth accounts within the plan, expanding retirement flexibility but adding tax considerations.