Compliance | September 7th, 2023 Republicans Challenge Acting Secretary of Labor’s Authority Amid Rumors of New Fiduciary Rule Industry watchers expect the Department of Labor to submit a proposed new rule this month.
Compliance | August 29th, 2023 PSEG Annuitizes Benefits for 2,000 Retirees The pension risk transfer deal only affects retirees and is not tied to a plan termination.
Compliance | August 11th, 2023 DOL Opens Public Comment on SECURE 2.0 Provisions EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.
Compliance | August 9th, 2023 EBSA Announces Additional Fiduciary Compliance Seminars The upcoming seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska.
Compliance | August 7th, 2023 DOL Bars Aliera Companies, CEO From Serving as ERISA Fiduciaries The health insurance company and CEO Shelley Steele were accused of paying more than $100 million to themselves and affiliated...
Compliance | August 7th, 2023 American Airlines Seeks Dismissal of 401(k) ESG Complaint The airline points out in a motion to dismiss that the ESG-related funds in question were only available through the...
Compliance | July 26th, 2023 Upcoming EBSA Webcast Will Focus on Helping Women Save for Retirement The August 16 webinar will focus on challenges and circumstances women face when preparing for retirement, as well as how...
Compliance | July 17th, 2023 DOL Secures $124 Million Settlement on Behalf of DST Systems Participants DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...
Compliance | July 12th, 2023 Terminated Employee Alleges Twitter Didn’t Pay Promised Severance The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...
Compliance | July 12th, 2023 EBSA Compliance Seminar Set for August The seminar will take place in Buffalo, New York, and aims to educate plan sponsors about basic fiduciary responsibilities.
Compliance | July 10th, 2023 FAQ Clarifies Status of In-Network Providers, Facility Fees The FAQ also strengthens the health care cost protections of the No Surprises Act.
Compliance | June 26th, 2023 EBSA to Host Health Benefits Seminar in Las Vegas Small and midsize employers have an opportunity to learn more about complying with federal and state health care laws next...
Compliance | June 15th, 2023 EBSA Says It Will Propose Fiduciary Rule in August The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Compliance | June 1st, 2023 Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions Areas including emergency savings and employer ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
Compliance | April 26th, 2023 Julie Su’s Nomination to Head DOL Advances From Committee Su's confirmation as Secretary of Labor faces a close Senate vote.
Benefits | March 24th, 2023 EBSA’s Gomez Highlights Retirement Pioneer During Women’s History Month Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security.
Investing | March 20th, 2023 Biden Uses First Veto to Uphold DOL ESG Rule Veto permits retirement plans to continue using environmental, social and governance criteria when selecting retirement plan investments.
Compliance | March 8th, 2023 Upcoming EBSA Webinars Will Detail Fiduciary Duties Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
Compliance | March 7th, 2023 DOL Appoints 5 New Members to the ERISA Advisory Council The new members represent accounting, insurance and the interests of employers, employees and the general public.
Compliance | February 28th, 2023 Assistant Secretary Gomez Explains Upcoming EBSA Priorities Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.