SEC Again Postpones Disclosure Deadline for Private Investment Funds
The extension gives the regulator time to reduce the number of firms that have to file information.
Compliance
ERIC Supports California Bill on Pharmacy Benefit Manager Reform
The ERISA Industry Committee praised the state legislature’s efforts to amend a proposal to prevent state oversight from clashing with ERISA uniformity.
Proposed Bill Would Permit Transfer of Unclaimed Retirement Distributions to State Claim Programs
The legislation attempts to move lost savings closer to workers who might be able to claim them by directing them to the state level.
Treasury, IRS Issue Final Regulations on Roth Catch-up Contributions
The statutory deadline has not been extended, but the rules will only be applied in 'good faith' in 2026.
Social Security Benefits Predicted to Increase by 2.7% in 2026
The Senior Citizens League anticipates a slight increase in benefits for next year.
DOL Sides With Morgan Stanley: Deferred Pay Is a Bonus
The agency concluded that the firm’s deferred compensation program is not subject to ERISA.
IBM Faces Complaint Over $14B in PRTs to Prudential
A former employee alleges that the technology company and its fiduciary, State Street, jeopardized participants’ retirement savings.
Thrift Savings Plan Might Take Longer to Add Private Investment Capability
The nation’s largest plan will need more regulatory changes to begin offering alternatives to its participants.
Industry Groups Push DOL for Sub-Regulatory Guidance on 401(k) Private Market Investments
An executive order last month gave the agency six months to provide its regulatory agenda.
AARP Joins Suit Against TIAA Alleging Mismanagement of Retirement Funds
The amended complaint adds additional claims and names two more former TIAA employees as plaintiffs.
DOL Lays Out Regulatory Priorities
The Department of Labor’s agenda includes new proposals and suggests that both the ESG and fiduciary rules will be replaced.
Magistrate Judge Recommends Dismissal of AT&T PRT Suit
Plaintiffs have standing to sue but did not sufficiently allege a fiduciary breach, a Massachusetts magistrate found.
Colgate-Palmolive Settles Longstanding Pension Calculation Complaint for $332M
The agreement with former employees arrived after nine years of litigation.
Employer Groups Push Court to Toss PRT Case
The ERISA Industry Committee, American Benefits Council and others filed an amicus brief urging a district court to dismiss the complaint against Weyerhaeuser.
Appropriations Committee FY26 Bill Proposes Slimmer DOL, EBSA Budgets
The proposed cuts reflect President Donald Trump’s previous budget recommendations and executive order urging federal agencies to work with less.
Vanguard, Empower Settle for More Than $25M With SEC After Adviser Compensation Disclosure Failures
The commission accused the two companies of providing misleading statements and alleged they failed to disclose conflicts to retail and retirement plan investors.
Home Depot Defeats ERISA Forfeiture Suit as Judge Dismisses Claims
The district court ruled that the retailer’s use of forfeited plan funds complied with both plan documents and longstanding regulations.
The DOL Transitions to Paperless Checks
The change will be effective September 30, according to a notice published in the Federal Register.
RTX Faces ERISA Complaint, Knight-Swift Settles
RTX Corporation faces allegations of mismanaging retirement plan assets while Knight-Swift is moving toward a settlement in an excessive fee complaint.
Republican Senators Ask DOL for Private Assets Safe Harbor
The letter comes weeks after an executive order that encouraged the agency to provide regulatory guidance on offering 401(k) plan investors access to alternative investments.