IRS Proposes Accepting Remote Notarization on Permanent Basis
The rule would codify relief from ‘physical presence’ rules for retirement plan elections that was first granted during the height of the COVID-19 pandemic.
Compliance
Professional Athlete Sports Agency Is Accused of Retirement Asset Theft
The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.
Texas Area Counseling Service Found Exempt from 403(b) ERISA Requirements
The service was found to be in a legal safe harbor, but the case continues against the plan adviser.
ESOP Plan Faces Retirement Records Lawsuit
When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm said it had no record of his individual...
California Food Processing Firm Sued for Alleged ERISA Violations
Participants of a retirement plan sponsored by Ventura Foods allege that Ventura’s mismanagement cost their retirement savings significantly.
A Closer Look at the Emergency Savings Provisions in SECURE 2.0
What are some of the challenges in offering emergency savings benefits?
What Does SECURE 2.0 Mean for Cash Balance Plans?
SECURE 2.0 will make backloading easier and clarify the test process.
Fiduciary 401(k) Breach Claims Against Milliman Will Proceed
A federal judge ruled against a Milliman Inc. motion to dismiss fiduciary breach allegations that it failed to prudently choose and monitor 401(k) plan investments.
It’s Official: SECURE 2.0 Is the Law
After many months of debate and concern that SECURE 2.0 might not pass, it has been signed into law by President Biden.
403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes
Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts.
The SEC Might Mandate Swing Pricing for Most Funds
The comment period for the proposal is open until February 4 and would require a hard close, swing pricing and a 10% minimum in highly liquid assets.
What Is a Student Loan Match and How Can I Start One?
In 2024, sponsors will be able to match their participants’ student loan payments. But how?
District Court Narrows $750,000 Retirement Theft Lawsuit Claims
A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Congress Passes SECURE 2.0
The sweeping retirement reform will usher in both short- and long-term efforts to expand retirement savings to more Americans.
Plan Sponsors That Like Saving Money Get Good News on Variable-Rate Premiums
If SECURE 2.0 passes, PBGC would stop increasing the rate.
Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit
The settlement in principle is pending court approval.
With SECURE 2.0 Through The Senate, Retirement Experts Widely Endorse House Approval
Legislation gets wide acclaim as a positive reform in the retirement sector as passage hinges on House vote.
Not a Cybersecurity Expert? No Problem
Standardized processes can help plans identify vendors who excel at providing data protection for the retirement industry.
Cybersecurity Concerns Require Attention From Sponsors, Participants and Recordkeepers
Firms concerned with protecting accounts and data are increasingly vigilant about the need to strengthen and safeguard their systems.
Plan Sponsors Have Myriad Responsibilities to Protect Against Cyberthreats
Plan sponsors should begin with the Department of Labor’s guidance on cybersecurity, proceed to fill an arsenal of safeguards to protect and secure retirement plan data, assets and...