Compliance

Workers claiming Home Depot mismanaged their 401(k) plan investments saw the district court decision in Home Depot’s favor affirmed on appeal.

Sponsors have both legal and practical ramifications to weigh.

Plaintiffs accuse the bank of requiring participants and beneficiaries to pay high costs for generic prescription drugs that are ‘widely available at drastically lower prices.’ 

The way Roth-style accounts are reflected in the federal budget mean they will likely continue to drive often-complex retirement plan features.

The full amount is $5.7 billion, issued through the federal SFA program.

Decision in the American Council of Life Insurers’ case adds a stay on prohibited transaction rule.

A Texas federal court judge sides with insurers, issues a preliminary injunction of the fiduciary rule.

Employers can limit their exposure with documented, prudent processes for selecting health plan providers and pharmacy benefit managers.  

According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.

The Texas court will re-hear the challenge to the 2022 Department of Labor rule on 401(k) plan investing, now without relying on Chevron deference.

The changes apply to annuities, Roth sources and spousal beneficiaries.

The system comes shortly after the DOL amended a rule to include Chapter 7 bankruptcies. 

Inherited retirement assets will be subject to different treatment depending on the recipient, starting in 2025.

IRI believes that standard data will increase the comparability and marketability of annuity products.

The update provided examples of securities in aggregate bond indices that would be considered investment-grade fixed-income securities for SFA investments.

Without the assistance, the pension fund was predicted to become insolvent in 2034.

An interim report alleges subsidiaries of conglomerates like Cigna, CVS and UnitedHealth pushed customers to more expensive medicine.

Nine insurance industry organizations and representatives have responded to the DOL’s rebuttal of the groups’ litigation against the rule as September implementation date nears.

A Michigan federal judge approved a preliminary agreement in Garcia et al. v. Alticor Inc. et al.

The House Committee on Education and the Workforce voted 23 to 18 to nullify the Retirement Security Rule.