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The Department of Labor has proposed to eliminate a "redundant" safe harbor rule that provides a standard for fiduciaries in selecting annuity providers, however, the rule is needed to ensure the growing inclusion of annuities in 401(k)s, says the Insured Retirement Institute.

Drafters are seeking comments on a paper that could help shape states' procedures.

At an insurer for employers' self-insured plans, early 2025 claims are in line with expectations.

Kennedy, who has long expressed skepticism about the safety and efficacy of certain vaccines, said the move signals a broader shift in federal vaccine development priorities.

Proponents say retirees will have access to higher returns; critics say the potential risks are too high.

NABIP would like to see state regulators set standard definitions for level-funded plan contract terms such as "administrative" and "stop-loss".