In a vote that perhaps was widely expected, the U.S. Senate on Monday voted overwhelmingly to confirm President Trump’s nominee to serve as Secretary of the Treasury.
What was seen as the first in a potential groundswell of participant fiduciary breach suits involving healthcare plans has ended with a whimper — for the moment.
Another national employer’s 401(k) plan has been sued for a fiduciary breach for the “wrongful use, for their own benefit, of assets in their employees' 401k retirement plan.” ...
Could plan fiduciaries violate their duty of loyalty to plan participants despite a prudent process? A recent federal judge says yes — Nevin (Adams) & Fred (Reish) discuss.
Mercer and Aon reported that the 2024 year-end pension funding ratio was a record high for year-end figures. Investment Executive reports that Jared Mickall, principal and leader of Mercer’s Wealth ...
President Donald Trump issued an executive order on Thursday ordering the federal bureaucracy to facilitate the growth of the crypto industry and to provide regulatory clarity for crypto.
The leadership of the Senate Committee on Health, Education, Labor and Pensions (HELP) listed some key retirement and health priorities for the Committee for this session of Congress, during a hearing ...
The SEC has revoked the investment adviser registration for Retirement Specialty Group (RSG) and its owner, claiming that the firm issued fraudulent securities to retirement investors using the ...
President Trump appointed Vince Micone to head the Department of Labor (DOL) as his Labor Secretary nominee—Lori Chavez-DeRemer—awaits her confirmation hearing.
The Retirement Advantage (TRA), based in Appleton, Wisconsin, announced Jan. 23 that it is partnering with Empower, Envestnet and FiduciaryxChange to introduce the TRA Select 401(k) Pooled Employer ...
Responding to a recent call from an advisor in Virginia, the ERISA consultants at the Retirement Learning Center address how a married couple can make a $32,000 IRA contribution.
In one of his first moves after being named acting chairman of the Securities and Exchange Commission (SEC), Mark Uyeda announced the launch of a new crypto task force to develop a comprehensive ...