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The new fiduciary rule, which mainly applies to 401(k) plans, expands the definition of fiduciary advice to HSA providers or employers, who should avoid recommending how account holders should invest their funds.

When benefit advisors and HR professionals conduct an employee benefit plan audit, they should focus on several key aspects to ensure compliance, accuracy and completeness.

It's been 50 years since the passage of the Employee Retirement Income Security Act of 1974, and while experts agree the law has been beneficial to retirement savers, many say it also contributed to a decline in pension plans.

The wealth management firm breached its fiduciary duties because of the "systematic efforts on TIAA's part to drive members from their ERISA plans and into TIAA-sponsored offerings," ruled a New York District Court Judge.

The ERISA Industry Committee seeks clarity, on behalf of their employer members, on implementing key provisions in SECURE 2.0, including matching student loan contributions, auto-enrollment and 401(k)s for long-term, part-timers.

The contruction firm is being sued over the fees retirement plan participants paid after being defaulted into managed accounts, which were "essentially expensive target-date funds," according to the ERISA lawsuit

ERIC wants the agency to fix the reporting timeline and allow more electronic notice delivery.

Retirees may prefer a Non-Guaranteed Retirement Income Payout over guaranteed income options due to flexibility and lower costs, according to the Institutional Retirement Income Council.