“What we are envisioning at this point is a brief and mild recession. Once that period elapses, the U.S. economy should start to expand again toward the second half of 2023.”
If passed this year (and it’s likely it will), it could be the biggest retirement legislation in years, essentially getting more workers covered by employer-sponsored plans.
A federal judge in New York has rejected a lawsuit by a participant who accused the company and plan fiduciaries of violating ERISA by mismanaging the plan.
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