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 16th, 2023 State Anti-ESG Coalition Clarifies Policy Goals The alliance highlighted the prohibition of ESG factors in government investing decisions and the use of ‘social credit scores.’
Compliance | March 10th, 2023 DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
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 | March 1st, 2023 Senate Follows House in Rejecting DOL ESG Rule A resolution to nullify the rule to allow for ESG factors in retirement plan investments will now go to Biden’s...
Compliance | February 28th, 2023 House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans The resolution next moves to the Democratic-majority Senate.
Compliance | February 28th, 2023 Julie Su Nominated to Replace Walsh at DOL Biden tapped the deputy secretary of labor to take over as head of the DOL, with a Senate confirmation hearing...
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.
Compliance | February 28th, 2023 IRI Priorities for 2023 Include Focus On Lifetime Income The insured Retirement Institute wants regulatory and legislative changes in order to drive greater in-plan use of guaranteed lifetime income...
Compliance | February 24th, 2023 Representative DelBene Proposes Legislating DOL’s ESG Rule The bill, if passed, would amend ERISA and remove the legal basis for challenging the use of ESG factors in...
Administration | February 24th, 2023 Form 5500 Changes for 2023 The Department of Labor has published the Form 5500 changes for this year.
Compliance | February 23rd, 2023 New Lawsuit Calls ESG Unlawful “Investing Fad” A second court must now determine if ESG can be lawfully considered in retirement fiduciary decisionmaking.
Compliance | February 22nd, 2023 Overturned DOL Rollover Rule Likely to Be Appealed, Attorney Says The DOL is expected to appeal a district court’s decision, which could result in the rule being re-instated.
Compliance | February 22nd, 2023 Construction Company Lawsuit Targets Its Retirement Plan Providers The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...
Compliance | February 22nd, 2023 Church-Exemption Ruling Could Have Wide Implications A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Compliance | February 17th, 2023 Tuberville Returns With Call for Crypto Access in 401(k) Plans The Republican senator also argued that the DOL should not be dictating what investments may be offered through the self-directed...
Deals and People | February 16th, 2023 Labor Secretary Walsh Departing to Lead NHL Player Union The DOL confirmed reports that Walsh will depart in mid-March; deputy secretary Julie Su will serve as acting secretary.
Compliance | February 15th, 2023 DOL Sues Defunct Firm for Retirement Asset Distributions A new Department of Labor lawsuit targeted a telemarketing company that closed without processing workers’ retirement claims.
Compliance | February 15th, 2023 Lawsuit Against New England Health Care Provider Will Proceed The U.S. District Court in New Hampshire has scheduled a pretrial conference for next month.