Retirement Regulation

Senator Elizabeth Warren is doubling down on efforts to get all her questions answered from Empower about the provider’s "risky" new program that will pave the way for private market investments to be included in 401(k)s.

These retirement plans meet the legal requirements and the cost for a pre-approved plan is less than for an individually designed plan, according to the IRS.

These legal pros, who represent clients in the employee benefits field, sent a letter to Congress, in the aftermath of the just-passed tax bill which included little for the retirement sector, to increase retirement "plan formation, plan participation, and retirement savings.” 

A Texas federal judge ruled partially in favor of a group of financial advisors challenging the DOL’s interpretation of fiduciary standards under ERISA, when it pertains to advisors offering recommendations for rollover transactions. 

The judge accepted the argument that one rollover transaction cannot start an "ongoing advice relationship."

Shortly after the Supreme Court ruled on behalf of employees in the Cornell University excessive fees case, now comes a similar suit filed by Stifel employees over its profit sharing 401(k) plan.