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Seattle-based Weyerhaeuser Company employees filed a class action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.

Lawmakers are already thinking through new ways to further increase access to retirement savings and coverage with another retirement bill, while there’s a high probability that President-elect Trump will extend the 2017 Tax Cuts and Jobs Act, benefiting retirement savings. 

Since some 401(k) plans now offer the option to invest in crypto assets like bitcoin and the DOL has not required fiduciaries to monitor all crypto options, the Government Accountability investigated in response to a request from the House Committee on Ways and Means. 

RetireReady NJ launched a pilot program in spring 2024 with four participating employers, and now it supports thousands of New Jersey employees in saving for retirement.

It’s a fair and reasonable ask of legislators to create parity of choice for retirement investors, regardless of who their employer is, according to collective trust provider Great Gray Trust Company.

“As employers head into the new year, they face formidable challenges stemming from climbing health care costs, which are putting pressure on how employers manage their overall health and wellbeing programs," said Ellen Kelsay, president and CEO of Business Group on Health.

The physician group is asking the Labor Department to apply Medicare Advantage plan-type rules, which as limits on repeat reviews for patients with chronic conditions, on ERISA plans.

Improving retirement security in America has been one of the things that has had wide bipartisan support recently, and now Republican control of the Presidency, House, and Senate could make passing retirement legislation easier, says retirement industry insider David Blanchett.