Legal

The world hasnt changed, but it certainly just got more exciting, but not in the way you think.

In a unanimous decision, the Supreme Court has ruled in favor of participants in Edison Internationals 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class mutual funds.

Bipartisan legislation has been introduced in both the House of Representatives and the Senate that would require annual estimates of how participants savings would translate into monthly income in retirement.

Sen. Lamar Alexander, R-Tennessee, chairman of the Health, Education, Labor and Pensions Committee, sent a letter co-signed by 35 other Republican Senators urging Labor Secretary Thomas Perez to extend the 75-day comment period on the agencys proposed fiduciary rule to 120 days.

Today, the 6th Circuit Court of Appeals upheld a District Court ruling that dismissed a $450 million claim against General Motors.

The IRS said it is raising the maximum allowable contribution to a health savings account by $100 in 2016 but only for families.