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Old Dominion Freight gets sued (again) by employees over its 401(k) plan

By Alan Goforth

Just weeks after a federal judge dismissed an ERISA lawsuit against the company over allegations of excessive fees, another employee suit has been filed, claiming the 401(k) plan offered funds that performed worse than alternatives.

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News

Increased pushback of employers' DEI programs has law firms mobilizing

Update

Another judge strikes down DOL's 401(k) rollover rule, as new rule expected soon

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July 06, 2023

ESG investing: House Republicans outline policy goals in new interim report

The ESG Working Group plans to focus on how ESG-centric investing prioritizes ideology over profits, they say, to the detriment of consumers, claiming "the Biden Administration is making it harder for Americans to retire."

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June 20, 2023

New fiduciary rule's release date confirmed in DOL's updated agenda

The Labor Department's Spring agenda includes a proposal that would amend the regulatory definition of a fiduciary, taking into account practices of investment advisers and the expectations of plan sponsors and participants.

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June 09, 2023

Inflation Reduction Act's impact on retiree benefits: What employers need to know

As the new law rolls out, some plan sponsors are questioning whether the government's capabilities to negotiate with Medicare on lower drug prices could prompt manufacturers to increase medication costs for employer plans.

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June 08, 2023

Lawsuits, legislation & SECURE 2.0: Top compliance trends employers need to know

While litigation is not widespread, it's important for plan sponsors to look at operations and shore up practices since there was action on 43 defined contribution cases during the first quarter of 2023, according to Mercer.

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April 17, 2023

SECURE 2.0 compliance issues: Public sector DC plans seek 'urgent guidance' from IRS

The National Association of Government Defined Contribution Administrators sent a letter to the IRS and the Treasury, urging clarification on age-60 catch-up contributions and plan participation for part-time workers.

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April 11, 2023

SECURE 2.0: Plan sponsors, check off mandatory provisions first, then new options

The mandatory SECURE 2.0 provisions that must be implemented within the next two years are generally action items for human resource and benefits professionals, benefits committees, and recordkeepers.

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April 05, 2023

Missing retirement plan participants? DOL ramping up efforts to locate lost employees

The DOL is asking Congress for $5 million to establish a dedicated program, led by the Employee Benefits Security Administration, which recovered more than $1.5 billion in lost benefits for missing participants in 2021.

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Legal

Top Legal Stories

Old Dominion Freight gets sued (again) by employees over its 401(k) plan

Increased pushback of employers' DEI programs has law firms mobilizing

Another judge strikes down DOL's 401(k) rollover rule, as new rule expected soon

Recommended Just For You

Legal Stories

ESG investing: House Republicans outline policy goals in new interim report

New fiduciary rule's release date confirmed in DOL's updated agenda

Inflation Reduction Act's impact on retiree benefits: What employers need to know

Lawsuits, legislation & SECURE 2.0: Top compliance trends employers need to know

SECURE 2.0 compliance issues: Public sector DC plans seek 'urgent guidance' from IRS

SECURE 2.0: Plan sponsors, check off mandatory provisions first, then new options

Missing retirement plan participants? DOL ramping up efforts to locate lost employees