Julie Su’s Nomination to Head DOL Advances From Committee
Su's confirmation as Secretary of Labor faces a close Senate vote.
Compliance
Judge Says 401(k) Litigants Should Prepare For Trial
The 2020 excessive fees 401(k) lawsuit against a medical products manufacturer is on the eve of a trial.
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Better Late Than Never: New Bill Would Permit CITs in 403(b)s
A bill is planned to amend securities laws, close a SECURE 2.0 loophole and clear the way for CITs in 403(b) plans.
Senate Committee Holds Confirmation Hearing for Acting Secretary of Labor Su
SECURE 2.0 implementation and missing participants were among the topics discussed.
Eversource Energy Agrees to Settle 401(k) Lawsuit for $15 Million
The settlement from a case brought in 2020 received preliminary approval from a federal judge in Connecticut.
House Republicans Air SEC Grievances at Oversight Hearing
The SEC proposal on swing pricing criticized for potential harm to retirement investors, especially those located in the West.
Mutual of America Agrees to $2.75 Million 401(k) Lawsuit Settlement
Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who alleged it charged excessive fees.
Benefits |
DOL Sues Profit-Sharing Retirement Plan of California Consultant
The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Study Shows State-Built Retirement Programs Complement Private Plans
New state-facilitated initiatives may boost private sector plans, not crowd them out, a Pew analysis of federal data shows.
Clarity From Regulators is Key for Success in SECURE 2.0 Era
SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANSPONSOR webinar.
Car Parts Producer Faces Retirement Lawsuit
The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.
PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters
The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to three other plans.
New Hughes v. Northwestern Decision Could Mean More Litigation
The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.
Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss
A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products.
Brainstorming on Social Security
The Social Security trustees say that the OASI fund will become insolvent in 2033.
Everything You Need to Know About Maryland Saves
The state-managed auto-IRA program launched in September 2022 and should cross $1 million in AUM in the coming days.
DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied
"Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million
The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
ERISA Complaint Against DISH Network Dismissed
A federal judge found the plaintiffs had not established an adequate peer for the funds’ fees and performance in question.