What to Know About GOP’s Proposed ‘Trump Accounts’
Included in House Republicans’ policy package are investment accounts promoting financial security for American children.
Compliance
Senate Bill Supports Retirement Plan Reenrollment
Senators introduced legislation that would allow periodic automatic reenrollment in workplace retirement plans for workers who opt out of participating.
Bill Allowing CITs in 403(b) Plans Advances in House
Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the...
Lawsuit Filed Against TIAA Alleging Mismanagement of Employee Retirement Funds
The complaint alleges TIAA breached its fiduciary duties and mismanaged billions of dollars in employee retirement savings by opting for...
Lawsuit Filed Against UnitedHealth Alleging Misuse of Forfeited 401(k) Plan Assets
The plaintiffs include four current and former employees who intend to represent more than 250,000 plan participants.
Forfeiture Lawsuit Filed Against Cigna; Intuit Reaches Settlement
The Cigna Group is the latest company accused of mismanaging the forfeited funds in its 401(k) plan, and software company...
ESOP Bills Introduced in Senate
The two bills, proposed by Senator Bill Cassidy, aim to strength employee stock ownership plans.
Swiss Re 401(k) Participants Drop Allegations Against Empower
The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its...
Republican Tax Bill Expands 529s and HSAs, Limits Changes to Retirement
Although retirement policy is mostly untouched, the bill would repeal section 103(e) of the SECURE 2.0 Act of 2022, that...
2026 HSA Limits Released
For 2026, the IRS defines an HDHP as a health plan with an annual deductible that is not less than...
In Letter, Lawmakers Ask SEC to Delist Chinese Stocks From US Exchanges
The May 2 letter to the SEC followed recent concerns expressed by lawmakers over U.S. investments in China, including two...
Senate Bill Would Expand Retirement Plan Access to Younger Americans
Several organizations offered support for the legislation, including TIAA and the Insured Retirement Institute.
SEC Guidance Clarifies Insider Trading Rules for 401(k) Brokerage Windows
The Securities and Exchange Commission clarified what applies when a 401(k) plan participant subject to insider trading rules sells company...
Forfeitures Class Action Against Kaiser Foundation Dismissed
A federal judge in the Central District of California dismissed the claim that the plan sponsor’s use of forfeited assets...
DOL Stops Enforcing Biden-Era Independent Contractor Rule
Though the agency has not fully rescinded the 2024 rule, it indicated it will return to a simpler standard to...
Bisignano Confirmed As Social Security Commissioner
Fiserv announced that Michael Lyons will replace Bisignano as the company’s CEO.
Senate Bills Aim to Clarify Social Security Terminology, Statements
The number of pending Social Security claims for retirement, survivor and health insurance has dramatically increased this year.
DOL Funding Cut by 26% in Trump Budget Proposal
Trump’s proposed cuts would slash about $3.63 billion from the DOL.
Settlement Reached in Principle in Pentegra Fiduciary Breach Case
According to a court filing, the parties agreed to a settlement in the second part of a case over prohibited...
Judge Finds in Favor of Knight-Swift in 401(k) Forfeiture Case
The district court determined that the plaintiffs failed to state a viable ERISA claim, the latest action in a flurry...