Search Results

As the Employee Retirement Income Security Act turns golden, one industry expert takes a look at its impact.

Recently, numerous class action 401(k) lawsuits have been filed by participants over misuse of forfeited assets from former employees, including Bank of America, Wells Fargo and Nordstrom.

In July, a judge put the Department of Labor's new Retirement Security Rule, which was set to go into effect September 23, on hold, where it seems likely to remain until after the presidential election.

For micro employers, lack of affordable stop-loss insurance could be an obstacle.

With high levels of debt, many employees are financially vulnerable, which is why they need employers to offer financial workshops and webinars and incentivize participation in savings programs, like emergency saving accounts.

The letter indicates that ERISA pressure could heat up in the health and welfare sector.

Companies need to fully understand what the plan fees are so they can be "fully transparent" with their workers, said law firm Schlichter Bogard, which is representing plaintiffs suing TIAA for steering them into high-fee investments.

The IRS notice instructs employers planning to provide matching retirement contributions to employees making student loan payments, aligning with the new SECURE 2.0 provision.