Legal

Almost a third of plan sponsors indicated that their retirement plans were audited by the IRS or Department of Labor, says Willis Towers Watson.

An excessive fee case that drew the attention of ERISA legal experts and retirement policy advocates has been dropped.

Rep. Joseph Crowley, D-N.Y., said he will introduce legislation that would mandate employers offer a retirement savings plan.

The DOL fiduciary rule was not killed this week, as the House vote to override presidential veto of HJ Res. 88 fell short of the two-thirds vote needed.

Roger Ferguson, head of TIAA, said he is not supporting litigation against the DOL fiduciary rule.

A House bill aims to expand the availability of retirement plans, while in the Senate, another proposed by Senators Elizabeth Warren (D, Massachusetts) and Mike Lee (R, Utah) is focused on removing the barriers to setting aside money for retirement.