Compliance | April 10th, 2023 PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to three other plans.
Compliance | April 9th, 2023 New Hughes v. Northwestern Decision Could Mean More Litigation The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.
Compliance | April 5th, 2023 Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products.
Compliance | April 5th, 2023 Brainstorming on Social Security The Social Security trustees say that the OASI fund will become insolvent in 2033.
Compliance | April 5th, 2023 Everything You Need to Know About Maryland Saves The state-managed auto-IRA program launched in September 2022 and should cross $1 million in AUM in the coming days.
Compliance | April 4th, 2023 DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied "Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
Compliance | April 3rd, 2023 Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
Compliance | March 29th, 2023 ERISA Complaint Against DISH Network Dismissed A federal judge found the plaintiffs had not established an adequate peer for the funds’ fees and performance in question.
Compliance | March 28th, 2023 Congress, SEC Plan Separate Expansions of Electronic Disclosures Bipartisan legislation and an SEC proposal would make electronic disclosures under securities laws much more commonplace.
Compliance | March 27th, 2023 NAGDCA Says Government Plans Need More Time to Comply With SECURE 2.0 Age-60 catch-ups and Roth provisions will be especially difficult for government plans to implement.
Compliance | March 24th, 2023 ERISA Suit Against SeaWorld Advances A federal judge rebuffed SeaWorld's motion to dismiss, but a second defendant was dismissed from the case.
Compliance | March 24th, 2023 SECURE 2.0 Makes 529s an Appealing Financial Wellness Option Offering a 529 plan benefit can appeal to a multigenerational workforce and may be easier to implement than a student loan match.
Compliance | March 23rd, 2023 Live Nation Faces Excessive Fee Lawsuit Participants claim that Live Nation offered higher-cost share classes for its 401(k) plan when identical, cheaper options were available.
Compliance | March 22nd, 2023 DOL Reopens Comment Period for QPAM Exemption Change A third comment period will remain open until April 6.
Compliance | March 21st, 2023 Church ERISA Charges Dismissed, but Fiduciaries Newport, Symetra Still on the Hook A federal judge in Tennessee dismissed most of the fiduciary breach claims under federal benefits law in multidistrict litigation.
Compliance | March 21st, 2023 SEC Balances Competing Interests in Finalizing Cybersecurity Rule The SEC reopened the comment period on a cybersecurity rule which would require updated policies and prompt SEC notification of cyber events.
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 15th, 2023 LinkedIn Settles 401(k) Excessive Fee Complaint for $6.75 Million The social media company has agreed to pay participants in a class action case who alleged it did not shop for less-expensive investment options.
Compliance | March 14th, 2023 What the SEC is Scrutinizing in Its Marketing Rule Exams Industry experts and SEC officials discuss what plan sponsors should know about how the regulator will consider investment performance claims.
Ask the Experts | March 14th, 2023 What Does SECURE 2.0 Say About Participants Replenishing an Emergency Savings Account? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.