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As the new law rolls out, some plan sponsors are questioning whether the government's capabilities to negotiate with Medicare on lower drug prices could prompt manufacturers to increase medication costs for employer plans.

Issuing a new fiduciary rule is a "huge priority," as well as guidance on SECURE 2.0 and the ESG rule, said Lisa Gomez, assistant secretary of Labor for the Employee Benefits Security Administration, at a Spring Policy Forum.

The cuts in savings mirror a larger financial challenge, with 30% of Americans finding it difficult to make ends meet and 39% lacking nonretirement savings sufficient to cover one month of living expenses, says a new study.

The DOL is asking Congress for $5 million to establish a dedicated program, led by the Employee Benefits Security Administration, which recovered more than $1.5 billion in lost benefits for missing participants in 2021.

A combination of rising yields, declining equity markets and a strengthening dollar made 2022 a challenging year for many investors, but pension fund levels improved year over year, according a new report.

Over the last two decades, the traditionally more generous public service benefits may have been diminished, as many state and local governments enacted changes to their DB pensions that raised contributions, says a new study.

The updated form, which includes improved reporting by pooled employer plans and addresses provisions in the SECURE Act 2.0, is estimated to reduce overall filing costs for employee benefit plans by $95 million.

The Vestwell-Carson Group partnership will boost small and midsize retirement plans, while Fidelity's acquisition of fintech firm Shoobx will add value to its Workplace Investing Division.