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 | January 27th, 2023 New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge The rule is scheduled to take effect on Monday, but 25 state attorneys general and three fossil fuel advocates are...
Compliance | December 13th, 2022 2023 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Compliance | December 12th, 2022 Department of Labor Announces Form 5500 Changes The changes to 5500 instructions are made annually.
Compliance | December 6th, 2022 Why Cybersecurity for Retirement Plans Is More Important Than Ever Plan sponsors need to ensure retirement plan participants are safe from escalating attacks by hackers that go after their savings,...
Compliance | December 2nd, 2022 Republicans Move to Prevent SEC Climate Disclosure Requirements Though the SEC has not approved its proposal to require climate-risk and carbon emissions disclosures, Republicans are moving to prevent...
Compliance | December 2nd, 2022 New Jersey Teamsters Local 966 Receives $54.1 Million in PBGC Assistance Teamsters affiliates have received more than $1 billion dollars in PBGC assistance in the last two weeks.
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 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 | 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.