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| Compliance |
| IBM Stock Drop Case Makes Its Way to Supreme Court |
| A district court determined the plaintiffs did not plausibly plead a violation of ERISA’s duty of prudence, because a prudent fiduciary could have concluded that earlier corrective disclosure would have done more harm than good, mirroring many stock drop decisions handed down after the Supreme Court’s decision in Fifth Third Bancorp v. Dudenhoeffer.Read more > |
| SEC Approves Final Regulation Best Interest, Form CRS |
| Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement accounts (IRAs).Read more > |
| DOL Asked to Make Electronic Delivery of Retirement Plan Disclosures the Default |
| Eight organizations associated with defined contribution (DC) plans submitted a letter to the Department of Labor (DOL) asking it to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices.Read more > |
