The ERISA Industry Committee, American Benefits Council and others filed an amicus brief urging a district court to dismiss the complaint against Weyerhaeuser.
The commission accused the two companies of providing misleading statements and alleged they failed to disclose conflicts to retail and retirement plan investors.
Shelton Capital Management launches Equity Premium Income ETF; VanEck offers new actively managed ETFs; and Jackson launches new fixed income annuities.
RTX Corporation faces allegations of mismanaging retirement plan assets while Knight-Swift is moving toward a settlement in an excessive fee complaint.
The legislation would allow certain military retirees and disabled veterans to continue contributing to their Thrift Savings Plan accounts after separating from the service.
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.