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In its letter to Congress, ERIC urged lawmakers to ‘preserve and protect’ ERISA, maintain tax incentives in health and retirement plans, and impost health care cost transparency.

Department of Labor had filed notices of appeal in September 2024 regarding two federal court rulings that had stayed implementation of the expanded fiduciary rule. 

President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.

The national trade association emphasized the importance of protecting retirement and health plans under ERISA and maintaining the current tax incentives associated with these plans.

Global retirement assets reach $58.5 trillion in 2024, according to data from the Thinking Ahead Institute.

The plaintiffs in the latest forfeiture case are represented by law firm Schlichter Bogard LLP.

Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.

Several union groups and a think tank attempted to prevent the Department of Labor from allowing Elon Musk’s Department of Government Efficiency to access sensitive data and information.

Meiji Yasuda Life will also acquire all of L&G’s U.S. insurance protection business in a total $2.3 billion transaction.

The tax-advantaged accounts continue to grow in assets year over year.

Wagner Law Group welcomes a new partner; Venable hires a new partner in its employee benefits and executive compensation practice; Pacific Life announces promotions; and more.

Empower Expands Benefits Services With CDHC Offering; Alight Launches First of Two 2025 Releases of Alight Worklife Platform; and more.

The Retirement Fairness for Charities and Education Institutions Act of 2025 was reintroduced by a bipartisan group of senators and representatives on Wednesday.

The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes access to confidential data and payment systems.

Meanwhile, government employee unions and labor groups filed a lawsuit seeking to block Elon Musk’s efficiency organization from accessing DOL systems containing sensitive information.

The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.

The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy rights of millions of Americans.

Abernathy Daley 401k Consultants' 5500 review finds that most corporate retirement plans have regulatory or fiduciary violations.

According to the firm, the reduction, which applies across 168 share classes, is its largest fee cut to date.

Two more companies, in addition to Trader Joe’s, now face lawsuits related to 401(k) forfeitures.