What was seen as the first in a potential groundswell of participant fiduciary breach suits involving healthcare plans has ended with a whimper — for the moment.
Another national employer’s 401(k) plan has been sued for a fiduciary breach for the “wrongful use, for their own benefit, of assets in their employees' 401k retirement plan.” ...
Could plan fiduciaries violate their duty of loyalty to plan participants despite a prudent process? A recent federal judge says yes — Nevin (Adams) & Fred (Reish) discuss.
President Donald Trump issued an executive order on Thursday ordering the federal bureaucracy to facilitate the growth of the crypto industry and to provide regulatory clarity for crypto.
The Retirement Advantage (TRA), based in Appleton, Wisconsin, announced Jan. 23 that it is partnering with Empower, Envestnet and FiduciaryxChange to introduce the TRA Select 401(k) Pooled Employer ...
The leadership of the Senate Committee on Health, Education, Labor and Pensions (HELP) listed some key retirement and health priorities for the Committee for this session of Congress, during a hearing ...
The SEC has revoked the investment adviser registration for Retirement Specialty Group (RSG) and its owner, claiming that the firm issued fraudulent securities to retirement investors using the ...
The Department of Labor (DOL) launched the Lost and Found database Friday morning. The Lost and Found is not yet a comprehensive tool with all relevant information in it, and the DOL will have to ...
President Trump appointed Vince Micone to head the Department of Labor (DOL) as his Labor Secretary nominee—Lori Chavez-DeRemer—awaits her confirmation hearing.
Mercer and Aon reported that the 2024 year-end pension funding ratio was a record high for year-end figures. Investment Executive reports that Jared Mickall, principal and leader of Mercer’s Wealth ...