Compliance | December 2nd, 2022 Top Commodity Regulator Raises Cryptocurrency Regulation on Capitol Hill Cryptocurrency regulation is needed for the broad health of both financial markets and 401(k) investors, the CFTC chief warned senators.
Compliance | November 29th, 2022 The Mid-Term Results and What They Mean for ESG and SECURE 2.0 ESG strategists may experience greater uncertainty when Republicans take over the House, but supporters of SECURE 2.0 can still expect...
Compliance | November 28th, 2022 New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.
Compliance | November 23rd, 2022 PBGC Grants $85 Million to Struggling Ohio Teamsters Pension The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.
Compliance | November 23rd, 2022 ESG Is Now Permissible, But Not Required, Under ERISA The DOL rule is designed to reduce legal uncertainty and obstacles to ESG investment.
Compliance | November 22nd, 2022 Judge Sides with Nestlé In Request to Dismiss 401(k) Class Action Suit Judge recommends dismissal of a class action lawsuit brought by a participant against Nestlé with accusations of unnecesarily high fees...
Compliance | November 22nd, 2022 DOL Finalizes ESG Consideration in Retirement Investing With final DOL ruling, plan sponsors can consider climate change and other ESG factors when selecting investments.
Investing | November 21st, 2022 Struggling Teamsters Pension Receives Close to a Billion Dollars in Assistance The financing will allow the union pension to both satisfy monthly payments to beneficiaries and provide make-up payments.
Compliance | November 21st, 2022 PBGC Advisory Board Adds Four Presidential Nominees Four new appointees make a total of seven, charged with advising the PBGC on investments and other decisions.
Compliance | November 17th, 2022 Public Hearing Exposes Discord on QPAM Rule Implementation A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements...
Compliance | November 16th, 2022 Juniper Agrees to Settle ERISA Suit for $3 million The network hardware firm agreed to an ERISA settlement totaling $3 million to dismiss claims of fiduciary breach.
Compliance | November 15th, 2022 DOL Hits Back at ForUsAll, Won’t Confirm Crypto Retirement Guidance Is “Not Binding” The DOL said retirement provider ForUsAll misrepresented its cyptocurrency guidance from March and that the court overseeing the suit has...
Administration | November 14th, 2022 SPARK Institute Updates Cybersecurity Guidelines Guidelines seek to help service providers and plan sponsors follow cybersecurity best practices.
Compliance | November 11th, 2022 DOL Clears Question over Plan Sponsor PEP Member Responsibility for Fidelity Bonds The department Labor replied with information for the SECURE Act amendments to ERISA that relate to the bonding requirements under...
Products | November 8th, 2022 Comparative 401(k) Tool Is Released To Public The analytics tool is now available to plan providers, plan sponsors and plan participants.
Investing | November 7th, 2022 Crypto Advocate ForUsAll Would Drop DOL Suit if Guidance Not Enforced CEO David Ramirez says the firm will drop its lawsuit against the DOL so long as the agency confirms its...
Investing | November 4th, 2022 Callan: DC Plan ESG Use Drops in ’22 On Backlash, Rule Confusion A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation...
Compliance | November 3rd, 2022 Ohio Bricklayers Pension Fund Gets PBGC Bailout The union plan had been severely underfunded for over a year but can now meet its liabilities to nearly 400...
Compliance | October 19th, 2022 A Look at Proposed Regulatory Changes to Crypto and Retirement Plans The environment for crypto could change as it becomes more accepted in retirement products.
Benefits | October 12th, 2022 Aon PEP Passes Assets Milestone Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.