The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.
Six investor advocacy groups are opposing CITs in 403(b)s because some plans are not governed by ERISA, so eliminating SEC’s regulatory oversight is detrimental, in a letter to the Senate committee.
The Department of Labor’s ESG rule that permits environment, social and governance factors to be considered when selecting investments took effect in 2023, but was quickly challenged in court by 25 GOP-led state attorneys general.
By being prepared and implementing strategic solutions, employers can mitigate some of the financial pressures that may arise from the IRA, ensuring that their employees and retirees are better protected from the ripple effects of this landmark legislation.
The Maine Credit Union League Insurance Trust says Anthem, acting as an administrator and stop-loss provider, is in breach of fiduciary duty under ERISA.
With many plans expanding more investment options and educating participants now more important than ever, many plan sponsors are outsourcing advisory and fiduciary responsibilities, says new Morgan Stanley survey.
Class action lawsuits alleging violations of the Employee Retirement Income Security Act of 1974 are on the rise nationally against companies allegedly charging a higher premium for policyholders who use tobacco.