Compliance | November 9th, 2023 Whole Foods 401(k) Plan Sued Plan participants working at Amazon subsidiary Whole Foods Market sued in Texas federal court.
Compliance | November 8th, 2023 Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day comment period.
Compliance | November 6th, 2023 Cost, Complexity Main Obstacles to Plan Creation by Small Businesses, Survey Says The survey also found limited awareness of SECURE 2.0.
Compliance | November 3rd, 2023 Bakery Drivers Plan Loses Case in $132M SFA Application The plan applied for special financial assistance but was denied because the pension fund had previously been terminated.
Compliance | November 2nd, 2023 Judiciary Committee Targets Net-Zero and Decarbonization Nonprofit House Republicans have ordered the CEO of As You Sow, a shareholder representative committed to reducing carbon emissions, to testify on December 1.
Compliance | November 2nd, 2023 Maximum Benefit and Contribution Limits Table 2024 Maximum Benefit/Contribution Limits for 2019 through 2024, with a downloadable PDF of limits from 2014 to 2024.
Benefits | November 1st, 2023 IRS Increases 401(k) Limit to $23,000 for 2024, IRA Limit to $7,000 The new limits come with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items for tax year 2024.
Compliance | October 31st, 2023 DOL Would Oversee Annuity Sales, Rollovers Under New Proposal The rule is open for public comment, with legal challenges expected almost immediately.
Compliance | October 31st, 2023 Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
Compliance | October 27th, 2023 Transportation Pension Granted $49.3M by PBGC The plan of 3,887 participants will remain solvent through 2051.
Compliance | October 27th, 2023 26 State AGs Will Appeal ESG Rule Lawsuit Dismissal After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court of Appeals.
Compliance | October 26th, 2023 New House Speaker Mostly Unknown to Retirement Industry Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his priorities.
Compliance | October 24th, 2023 New Bill Would Increase Plan Startup Credits for Small Businesses The legislation would allow businesses with 10 or fewer employees to benefit more from SECURE 2.0 credits when starting a plan.
Compliance | October 24th, 2023 NYC Pension Funds Argue ESG Lawsuit Hinges on ‘Legal Errors’ Parties continue to argue about the plaintiffs’ standing as three New York City public-employee pension funds seek to have the complaint dismissed.
Compliance | October 23rd, 2023 SFA Recipients Are Not Investing in Return-Seeking Assets, Expert Says The bucket recipients can use for stock investments is not being filled due to the attractiveness of investment-grade assets.
Compliance | October 20th, 2023 Retirement Fiduciary Proposal Coming Very Soon Industry experts now expect the proposal on 3(21) fiduciaries to come by month’s end.
Compliance | October 20th, 2023 Federal Auto-IRA Bill Re-Introduced The bill would have a 5% match and be administered by the Department of the Treasury.
Compliance | October 19th, 2023 2 ERISA Mandatory Arbitration Case Appeals Will Not Go Before Supreme Court The cases focused on ESOP valuation, and both rulings held that that mandatory arbitration and class action relief are not enforceable.
Compliance | October 18th, 2023 PBGC Announces 2024 Premiums, Guarantee Levels Guarantee levels for single-employer plans will rise with inflation, but multiemployer plans are not indexed.
Administration | October 18th, 2023 How to Rethink Protecting Against Cyberattacks A veteran of cybersecurity, expert in digital threats, offered a critical assessment.