Legal

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.

It is crucial for plan sponsors to think ahead and familiarize themselves with new provisions coming in 2026, including higher catch-up contributions, big changes to required minimum distributions and changes for annuities.

While employers frequently believe vesting schedules support worker retention, “data does not support that,” according to a Penn State law professor, who is requesting that the IRS prioritize recommending to Congress that it eliminates vesting schedules, in its 2025-2026 Priority Guidance Plan.