A preliminary injunction, granted Thursday by a federal judge, puts the implementation of the Labor Department's controversial new Retirement Security Rule, set to take effect September 23, on hold until further order of the court.
The purpose would be to use financial planning training as a vehicle to highlight all the benefits the company provides to employees, like health care, parental leave and tuition reimbursement.
The Employee Benefits Security Administration's Abandoned Plan Program launches its online portal to assist in winding up individual account pension plans that have been abandoned by bankrupt companies.
The new guidance follows a new provision in SECURE 2.0, allowing employees to withdraw $1,000 from their retirement accounts for medical care or "any other necessary emergency personal expenses," according to the IRS.
Because of the recent Supreme Court decision to overturn 40 years of federal agency deference, the appellate court ruled that the ESG case should go back to the Texas judge who originally heard the case.
The National Community Pharmacists Association, along with 39 providers from multiple states, filed a class action lawsuit on Friday against UnitedHealth Group for losses resulting from the massive cyber-attack earlier this year.
The DOL's push to impose a new fiduciary rule, which continues to face lawsuits, could actually offer financial benefits overall for small employer 401(k) plans, says a new Employee Fiduciary study.