The original rule, had it not been vacated by a federal court, would have significantly relaxed the parameters for creating an association health plan.
The company's motion defends the plan's actions, stating that the committee followed IRS guidance and outlined its use of forfeitures in plan documents.
After two days of hearings, the fiduciary adviser rule has been strongly criticized by the insurance industry but broadly supported by the adviser industry and consumer advocates.
The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers with LTPT employees, according to experts.
The Treasury Department issued a record-breaking multi-billion dollar fine against crypto exchange Binance as part of a broad settlement with federal officials.
Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for a potential Supreme Court decision.