Compliance | March 25th, 2024 DOL Answers Appeal in ESG Rule Litigation The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
Benefits | March 22nd, 2024 Molina Healthcare Close to Win in ERISA Lawsuit A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Compliance | March 19th, 2024 Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short The proposal would add a private right of action and tighter conflict of interest rules.
Ask the Experts | March 19th, 2024 How Can a Late 403(b) Plan Remittance Be Corrected? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | March 15th, 2024 DOL Says Central States Must Repay $127M SFA Overpayment Central States was granted $127 million that it was not entitled to because the PBGC counted over 3,000 deceased participants...
Compliance | March 13th, 2024 Plaintiffs Request Judge Approve Settlement in ERISA Data Breach Lawsuit Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...
Compliance | March 11th, 2024 DOL Sends Final Fiduciary Rule to OIRA For Review The final draft has been written and now will undergo a review expected to take about 60 days.
Compliance | February 27th, 2024 Senate to Hold Julie Su Re-Nomination Hearing Wednesday The same Senate committee will also host a panel to discuss methods of expanding access to defined benefit plans.
Compliance | February 22nd, 2024 Judge Denies American Airlines’ Motion to Dismiss Federal judge allows lawsuit against American Airlines’ defined contribution plans to proceed.
Compliance | February 21st, 2024 Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
Benefits | February 15th, 2024 DB Plans’ Experience Provides No Playbook for DC Plans to Incorporate Private Equity According to a Morningstar report, large private sector pension funds’ experience allocating to PE is not particularly instructive for defined...
Compliance | February 13th, 2024 DOL’s EBSA Recovered $1.4B for Retirement, Health Plans in 2023 Regulator cites growth of outreach and education programs along with monetary recoveries among last year's accomplishments.
Investing | February 12th, 2024 Insurance Broker’s PEP Launches for Private Equity, Venture Portfolio Firms San Francisco-based Woodruff Sawyer enters the pooled employer plan market, seeking to attract startup plans through the firm’s private equity...
Opinions | February 8th, 2024 A Case for Prudent Diversification in DC Plans It is the law of the land.
Benefits | February 7th, 2024 DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...
Benefits | January 30th, 2024 EBSA’s Lisa Gomez Calls Auto-Portability Key to Retirement Security The assistant secretary pointed to the start this week of the comment period on proposed auto-portability guidance.
Compliance | January 29th, 2024 DOL Lawsuit Alleges TPA Stole $5.5M in Retirement Plan Assets From 17 Clients A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.
Compliance | January 23rd, 2024 DOL Modifies PTE Application Process The changes include more explicit criteria and modified definitions of what it means to be an independent fiduciary and appraiser.
Compliance | January 22nd, 2024 How the DOL’s Auto-Portability Proposal Works Service providers could charge a fee directly to an IRA owner for executing a transfer to their new qualified plan.
Benefits | January 22nd, 2024 Will Plan Sponsors Adopt PLESAs in 2024? With new guidance from the DOL and IRS, employers have an opportunity to hit the ground running and adopt pension-linked...