Retirement Regulation

From emergency savings accounts to annual funding notices, the Department of Labor is welcoming input from plan sponsors on changes or revisions to retirement plan administration included in the sweeping new legislation.

Since It's the first law that links employees' payment of student debt with the statutes governing defined contribution retirement plans, Congress is hoping the result is greater retirement savings in America – but only time will tell.

The Biden administration released draft guidance on a new program that allows Medicare prescription drug plan enrollees to pay out-of-pocket drug costs in monthly installments beginning in 2025.

The new retirement law expands the IRS' Employee Plans Compliance Resolution System, so now's a good time for plan sponsors to get their ducks in a row, according to this employment law and benefits attorney.

The ERISA Industry Committee (ERIC), a national non-profit organization that represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor defined benefits (DB) plans.

The software provider was accused of mismanaging its profit-sharing 401(k) plan and failing to fulfill its fiduciary duties by diversifying the plan's assets, which resulted in significant losses, according to the Labor Department.