Defined Contribution

SECURE 2.0 has expanded access to PEPs that allows smaller unrelated employers to join together under a single retirement plan, and now the Department of Labor will soon issue new guidance.

President Trump’s new executive order paved the way for alternative assets to be included in 401(k)s, and now the Department of Labor has lifted a warning for fiduciaries so they can best decide the right options for their retirement plans.

The Minnesota-based Post-it notes conglomerate was sued by employees, alleging eight years of underperformance of TDFs in comparison to peer benchmarks “is impossible to justify” for 58,000 employees.

The Department of Labor has withdrawn its proposal to eliminate what it referred to as a “redundant” safe harbor rule that provides a standard for fiduciaries in selecting annuity providers.

In September, Senate Minority Leader Chuck Schumer will introduce the Keep Billionaires out of Social Security Act, targeting President Trump’s DOGE cuts to the SSA, to help “reduce wait times and improve access” for seniors, he said.

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.