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The department had previously supported employers in a similar legal case last July.

The ruling requires plaintiffs to meet a higher factual bar before discovery, using a Supreme Court ruling-inspired workaround to screen retirement plan litigation.

The participants in the ERISA loss causation complaint chose to abandon the case just two days before the nation’s highest court was scheduled to consider hearing the case.

Deputy Secretary Keith Sonderling also promised on Wednesday to deliver a new rule on the inclusion of private assets in defined contribution plans.

Witnesses from both industry and academia urged Congress to expand retirement income options in 401(k)s — while calling for clear guardrails and transparency.

The Department of Labor has withdrawn a brief filed during the Biden administration backing allegations that Yale University’s employees paid excessive recordkeeping fees and were locked into poorly...

The chosen individual will ‘research, analyze and evaluate investment opportunities’ in asset classes that include private equity and private credit.

The cases allege breaches of fiduciary duty related to premiums for voluntary benefits not subsidized by employers.

According to the agency, the self-correction program now includes those multiple employer welfare arrangements that failed to submit required Form M-1.

The pause of a complaint related to underpayment of spousal pension benefits offers the parties 120 days to undertake private mediation.

The jointly issued proposal would expand data disclosures, expose utilization patterns and increase compliance responsibilities for employer-sponsored plans.

Other SECURE 2.0 provisions and pending legislation on 403(b) investments are also expected to shape sponsors’ compliance priorities.

Final operational details for the savings accounts for children, with a pilot program set to launch on July 5, have yet to be published.

Industry observers encourage employers to focus on information systems and communications as new Roth requirement for high earners rolls out.

Account balance information, security settings and privacy preferences take the top three spots, according to a new study from Corporate Insight.

The proposal aims to curb prescription drug pricing, according to the bill’s sponsors.

Employer plans are ‘the more expensive way to comply with the law,’ however, according to public policy research.

‘The U.S. and Australia are slowly evolving toward each other,’ one industry expert says: One is ‘nudging participation,’ while the other is ‘debating flexibility.’

Only students studying for certain professional degrees will be eligible for higher loan limits, but industry actors caution that nurses may be left behind.

SHRM Linkage names new CEO; Domain Money Advisors appoints VP of business development; and more.