Legal

Forty years after the passage of the Employee Retirement Income Security Act - ERISA it seems like we are far removed from the issues it attempted to address.

Republicans emerged with firm majorities in both chambers of Congress after the midterms, meaning Hatch's proposed legislation could gain traction next year.

Beginning next year, all of an individuals IRAs will be treat as if they were one IRA for purposes of applying the rollover limit, the IRS said.

Pension reform advocates fear that if Congress fails to intervene before the end of this year, employers will stampede out of the plans, leaving the Treasury on the hook for billions of dollars.

The class-action lawsuit, filed in 2006, will now return to the Missouri District Court where the claim originated.

Knowing the DOL is going to be vigilant in these areas means that now is a good time to review benefit plan documentation and administrative practices to ensure compliance.