The IRS has issued proposed regulations that clarify and implement catch-up contribution changes introduced by the SECURE 2.0 Act of 2022. Although these changes affect various forms of retirement plans, including 401(k),...more
5/30/2025
/ 401k ,
Benefit Plan Sponsors ,
Compensation & Benefits ,
Employee Benefits ,
Employee Contributions ,
Highly Compensated Employees ,
IRS ,
New Legislation ,
Proposed Rules ,
Retirement Plan ,
Roth IRA ,
SECURE Act
The U.S. Department of Labor (DOL) on April 23, 2024, issued the Retirement Security Rule (the Final Rule), which expands who qualifies as an investment advice fiduciary for purposes of the Employee Retirement Income Security...more
6/14/2024
/ 401k ,
Amended Rule 702 ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary ,
Fiduciary Rule ,
Financial Services Industry ,
Investment Adviser ,
Multi-Factor Test ,
New Rules ,
Prohibited Transactions ,
Retirement Plan
Since late July, at least 10 lawsuits have been filed against large 401(k) plan sponsors that offer certain BlackRock Inc. target-date funds (TDF) among their investment options. In an unexpected pivot away from the 401(k)...more
9/1/2022
/ 401k ,
Benefit Plan Sponsors ,
BlackRock ,
Class Action ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employment Litigation ,
Excessive Fees ,
Fiduciary Duty ,
Index Funds ,
Mutual Funds ,
Retirement Plan ,
Target Date Funds