Compliance

The head of the Employee Benefits Security Administration defended his push for fewer litigation burdens and more health plan transparency.

The bills would expand IRA access and catch-up savings options for millions who leave the workforce to care for loved ones.

New guidance on fiduciary duties follows a December executive order and highlights widening scrutiny of the proxy advisory industry. 

The group did not meet in 2025, and previous members have been notified of their termination.  

The approach emphasized the department’s recent priority shifts.  

Speakers broke down key requirements of the Consolidated Appropriations Act of 2021 for health benefit plan sponsors.

The proposed rule provides a framework for demonstrating prudence, but its safeguards are not absolute.

The breach exposed information from as many as 28,414 people, according to a filing with the Maine attorney general’s office.

A Pennsylvania district court denied the case’s similarity to Anderson v. Intel is significant enough to wait for the Supreme Court’s decision in the 2026-27 term.

The court rejected the university’s bid to dismiss the claims of allegedly offering costly health plan options. 

The departments of Labor and the Treasury, along with the IRS and other agencies, would lose headcount.

The motion adds to the tit-for-tat dispute challenging compensation practices.

Officials at the Department of Labor highlighted plan options as small religious organizations weigh costs, compliance and employee protections.

The case, which also includes State Street Global Advisors, could be refiled in the same district court.

The federal government continues to shed workers, but the Department of Labor is quietly seeking to hire economists.

Former employees say they were shortchanged when the firm repurchased company shares at far less than a later sale price.

The Department of Labor used scenarios and test cases to offer fiduciaries a blueprint for the inclusion of private market investments in defined contribution plans.

The new rule outlines fiduciary standards while allowing limited use of private markets in diversified funds.

A federal judge found that participants plausibly alleged fiduciary breaches tied to long-running underperformance.

The Department of Labor can now release the rule and set up a comment period before finalizing it.