Compliance

The department stated that non-citizens will be ineligible for the tax credits scheduled to go into effect in 2027. 

The commissioner said defined contribution plans should diversify beyond public securities aligning with the August executive order spotlighting inclusion of private assets in retirement plans.

This kind of ERISA complaint has struggled to gain traction since the Department of Labor’s amicus brief in favor of employers. 

The medical center’s broader system is accused of maintaining the higher-cost funds despite access to cheaper institutional versions with lower fees.  

The Securities and Exchange Commission intends to focus on scrutinizing recommendations made to older investors and retirement savers.

Rick Case Enterprises Inc. stands accused of mismanaging its retirement plan by mishandling its service provider conversion. 

While acting as recordkeeper and trustee of Centene Management’s 401(k) plan, Fidelity is accused of several breaches of its fiduciary duties, as is the plan sponsor. 

Recordkeepers and payroll providers say systems will not be thrown off by the later release.

The record closure in Washington has left plan sponsors with minimal time to navigate upcoming changes. 

The ERISA Industry Committee and a plethora of employers, workers, patients, providers and consumers joined in seeking changes to pharmacy benefit rules.

The latest ruling adds another victory for plan sponsors as complaints continue to result in mixed outcomes. 

As employer eligibility for the Public Student Loan Forgiveness program narrows, financially strained workers may look to employer matches for student debt relief.

The guarantees cap the monthly pension it pays if a single employer plans it administers fails. 

The decision should put the complaint to bed after more than two years of litigation.  

The plaintiffs allege the plan’s custom benchmark failed to properly track the investments, which underperformed similar funds. 

The asset class is less well understood than private equity and private credit, and it is more commonly found in exchange-traded funds.

The legislation would solidify the guidance offered during President Donald Trump’s first term that fiduciaries must only consider “pecuniary” factors.

Two brothers are accused of a months-long scheme to funnel Human Interest’s most sensitive intelligence data to a rival retirement plan provider.

The settlement puts the protracted legal case to a conclusion after nearly seven years of litigation.

The Supreme Court already ruled on a separate part of the case in 2020 and will have to decide whether to take up its main outcome.