Retirement Regulation

The lawsuit, like many 401(k) lawsuits filed by employees over the last year, challenged HP's decision to use "forfeitures" to reduce employer contributions rather than to pay administrative costs.

The Retirement Fairness for Charities and Educational Institutions Act of 2025 is the latest attempt to pass CIT legislation, however, this time the Investment Company Institute and the Insured Retirement Institute are getting behind the effort.

A group of 17 Republican state attorneys general are demanding answers from top asset managers, who they say are misleading investors and retirement plan fiduciaries by omitting "essential disclosures for funds that include Chinese investments," according to the AG letter.

The Senate's new bill would allow 403(b)s to include CITs as part of their investment menu options, and now the Investment Company Institute is getting behind the effort to boost retirement savings for nurses, educators, and other nonprofit workers.

The Retirement Fairness for Charities and Educational Institutions Act of 2025 is the latest attempt to pass CIT legislation to allow these tax-exempt pooled investment funds, which are an investment option in 401(k)s, into 403(b) plans.

Senator Bill Cassidy, along with 26 colleagues, is calling for the "immediate implementation" of the new Social Security law, after SSA announced payments to public workers could take "more than 1 year."