Legal

Deloitte analysts predict the eligible contracts will have to offer guaranteed lifetime benefits.

Labor said it intends to issue a revised standard around May, leaving many advisors unclear about compliance obligations.

The chamber also sent the House a bill that would add two ESOP reps to the ERISA Advisory Council.

The Department of Labor has requested a third 60-day extension to consider next steps in the consolidated federal court case challenging the Biden-era fiduciary rule.

As “courts come to different conclusions” on cases that involve retirement plan forfeited funds left behind from employees who leave the company, a North Carolina judge said this lawsuit must move forward.

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.