Limits have been increased by $500 and more for various savings plans. The Internal Revenue Service (IRS) announced increased limits for 401(k) and Individual Retirement Account (IRA) plans…
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President’s Executive Order Expands Retirement Investment Options
Department of Labor to review 401(k) guidance on alternative assets, fiduciary practices, and litigation concerns. The U.S. Department of Labor announced that President Trump has signed an Executive…
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Labor Department Launches Online System for Abandoned Plan Program
The new platform simplifies the benefit distribution process for retirement plans abandoned by sponsoring companies. The Department of Labor announced that the Employee Benefits Security Administration has introduced…
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House Judiciary Chair Requests Details on Companies’ Environmental Goals
Representative Jordan wrote to 130 investors regarding ESG in money management. House Judiciary Chair Jim Jordan wrote letters to 130 investors, requesting an explanation for their proposed environmental,…
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SEC Launches Campaign to Promote Investor Protection
The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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Administration Updates Rules on Junk Fees in Retirement Planning
SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…
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Suit Filed to Block ESG Investing Rule
25 state attorneys general filed to stop progressive governance over retirement plans. Utah and Texas led a court filing signed by 25 states, requesting that a federal judge…
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Public Comments Reopened for Proposed Amendment to DOL Policy
The discussions are to focus on retirement-focused investment plans. At the end of March, the Department of Labor (DOL) reopened public comments on its proposed amendment to their…
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President Vetoes Bill on ESG Investing
The legislation would have reversed the Labor Department rule. “I just vetoed my first bill,” President Biden announced Monday. The Labor Department had previously issued a rule allowing…
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Labor Department Finalizes Secure Act Implementation
Assistant secretary for benefits announces changes to 5500 Annual Return Form. The Department of Labor announced changes to the 2023 Form 5500 Annual Return/Report of Employee Benefit Plan.…
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