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...
Compliance | January 22nd, 2024 DOL Suit Retires Maine Excavator’s 401(k) Plan Maine federal judge approves agreement reached between the Department of Labor and a Maine excavation company that was shuttered in...
Compliance | January 19th, 2024 26 State Attorneys General Appeal Biden ESG Rule Decision Republicans appeal to the U.S. 5th Circuit Court of Appeals, requesting it strike down the rule that permits environmental, social...
Compliance | January 19th, 2024 Fiduciary Proposal May Be Extremely Expensive to Implement, Oxford Survey Finds The biggest costs would come from disclosure requirements related to rollover decisions, according to a survey commissioned by a financial...
Benefits | January 17th, 2024 DOL Sues Blue Cross Blue Shield Minnesota for Collecting $66.8M in Provider Tax The Department of Labor filed a lawsuit against Blue Cross Blue Shield of Minnesota, claiming the third-party administrator became a...
Compliance | January 12th, 2024 American Securities Association Wants DOL Employees Recused From Work on Fiduciary Proposal The ASA requested that Congress identify and consider removing from the project certain DOL staff involved with the proposal.