Tag: ERISA

Regulation September 1, 2023

Law Firm Letter Backs DOL Rule on ERISA Fiduciaries Using Climate Factors

Fiduciaries may use climate funds, as long as financial returns receive equal or greater weight to collateral benefits, the Wagner Law Group wrote in an open letter.

Regulation August 7, 2023

Insurance Executives Say ERISA PRT Rule Is Enough

Only minor changes to the DOL's PRT regulation, IB 95-1, would be needed to account for changing market conditions, industry leaders say.

Regulation July 19, 2023

Changes to Pension Risk Transfer Rules Might Be Coming

The ERISA Advisory Council met this week to discuss possible changes to IB 95-1, which outlines how fiduciaries should select an annuity provider.

Regulation June 23, 2023

PBGC Adjusts Quarterly, Monthly Interest Rates

Interest rates for late payment liability, ERISA 4044 annuity discount rates and variable rate premiums have been adjusted, the PBGC announced.

Newsmakers February 27, 2023

Court Refuses to Dismiss Central States Pension Lawsuit

District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.

Regulation November 23, 2022

Final DOL Rule Permits ESG in ERISA Plans

The DOL published a final rule that makes it easier for sponsors to take ESG factors into account in investments and shareholder activism, reversing a Trump-era rule.

Manager Selection September 20, 2022

Summary Judgement Favors Goldman Sachs in ERISA Lawsuit

A federal judge rules that Goldman Sachs did not violate ERISA by offering proprietary mutual funds as options for its retirement plans.

Newsmakers September 16, 2022

Janus Henderson Sued for Allegedly Favoring Its Own Funds in 401(k) Plan

Class action lawsuit claims firm loaded its retirement plan with high-fee, underperforming proprietary funds.

Newsmakers July 29, 2022

Bill Seeks to Protect Retirement Savings From ‘Woke CEOs’

The proposed Securing Employee Retirement Returns Act aims to codify Trump-era anti-ESG rules.

Regulation June 3, 2022

Baltimore Firm Ordered to Restore Missing 401(k) Funds

Following a Labor Department probe, Bicallis LLC must pay more than $150,000 to its retirement plan and has been replaced as fiduciary.

Regulation May 11, 2022

Bill Would Silence Labor Department on 401(k) Investment Guidance

The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.

Regulation April 4, 2022

Labor Dept. Warns Fiduciaries About Offering Crypto in DC Plans

The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.

Manager Selection March 31, 2022

CIO of New Jersey Police and Fire Pension Resigns

The resignation follows an ethics probe into his behavior at a previous pension fund.

Newsmakers March 7, 2022

Understanding PRT: Key Steps Leading to Successful PRT

As firms move on from the first step of cleaning up their data, they must next think about the financial and accounting implications that come with pension risk transfer.

Newsmakers January 31, 2022

Milliman Faces ERISA Lawsuit Over Alleged Breach of Fiduciary Duty

The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.