Compliance

The Employee Benefits Security Administration chief confirmed that the agency is considering additional guidance on the fiduciary “duty to monitor” investments and service providers.

The Securities and Exchange Commission’s view could spearhead more movement toward pooled employer plans.

The department made the determination in its first advisory opinion of the year, issued by the Employee Benefits Security Administration, but did not rule on all factual questions.

The group is calling for the SEC to restore ‘fairness and dignity in retirement savings.’

As a result, the defendant will amend its employee stock ownership plan to require more comprehensive reviews of investment performance, according to the filing.

The Department of Labor’s $178 billion-per-year estimate would mean private assets make up nearly 3.7% of target-date funds, the dominant investment in defined contribution plans.

The order calls for the Department of the Treasury to launch TrumpIRA.gov by January 1, 2027, and promote awareness of the Saver’s Match.

The department said the sessions will offer employers, workers and other stakeholders insights into federal laws concerning workplace issues.

A new amicus brief argues that an appeals court standard could block workers from challenging risky retirement investments.

The Securities and Exchange Commission is seeking public comment on a review of its Consolidated Audit Trail.

The government has previously welcomed industry insight on other aspects of the newly established investment vehicles.

According to regulators, the firm failed to enforce cybersecurity controls, exposing the personal data of about 77,000 customers.

Experts identified key actions health benefit plan sponsors should consider with respect to pharmacy benefit managers.

The Department of Labor has supported employers in a separate case concerning deferred compensation. 

The legislation would limit SEC disclosure rules to financially material information.

The defendants agreed to allocate five of 15 minutes for the department’s arguments.

Lawmakers from both parties said pharmacy benefit managers and consultants who advise employers may be profiting from opaque arrangements that drive up drug costs.

Groups requested an additional 30 days, as the Department of Labor began publishing public comments.

The revisions would replace enhanced disclosure requirements set forth under former President Joe Biden.

After rejecting class certification, the appellate court requested a response from the company to a petition for rehearing as the legal fight over retirement plan claims continues.