Compliance | August 30th, 2023 Court Rules for DOL on ForUsAll Crypto Complaint A federal court has dismissed a case alleging that the DOL overstepped its bounds when warning recordkeepers and fiduciaries against...
Compliance | May 15th, 2023 DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
Compliance | April 26th, 2023 Julie Su’s Nomination to Head DOL Advances From Committee Su's confirmation as Secretary of Labor faces a close Senate vote.
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 | March 22nd, 2023 DOL Reopens Comment Period for QPAM Exemption Change A third comment period will remain open until April 6.
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.