Retirement Regulation

The proposed class action ERISA lawsuit centers on two poorly performing funds offered by the $9 billion 401(k) plan covering more than 27,000 current and former employees of the giant telecommunications equipment maker.

The Small Nonprofit Retirement Security Act, introduced by Representative Vern Buchanan on Monday, would give nonprofits the same tax credits made available to small for-profit businesses through SECURE 2.0.

Last week, the IRS issued guidance on withholding and reporting issues related to uncashed retirement plan distribution checks and replacement checks.

New survey also shows that 76% of Americans underestimate average health care costs in retirement.

On Friday, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which establishes federal guardrails for digital assets pegged to the U.S. dollar, lessening restrictions for crypto to be included in 401(k) plans.

Senator Bernie Sanders' Pensions for All Act would require employers to provide a traditional pension plan for their workers or pay into the federal retirement system to ensure they receive the same amount of retirement benefits as members of Congress.