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Regulatory and Legislative
DOL Paper Statement Proposed Rule at OMB
The Office of Management and Budget has received a proposed rule from the Department of Labor (DOL) titled "Requirement to Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors”.
Regulatory and Legislative
DOL Issues Advisory Opinion Regarding Lifetime Income Solutions as a QDIA
The Department of Labor has issued Advisory Opinion 2025-04A.
Regulatory and Legislative
Aronowitz Confirmed as Assistant Secretary of Labor for EBSA
The Senate has confirmed Daniel Aronowitz as Assistant Secretary of Labor for the Employee Benefits Security Administration.
Regulatory and Legislative
House Committee Advances Retirement Proposals
The House Education and Workforce Committee has advanced several retirement bills following a markup.
Regulatory and Legislative
Proposal Allowing Unclaimed Retirement Distribution Transfers to State Unclaimed Property Programs Introduced
Representatives Ron Estes (R-KS), and Seth Magaziner (D-RI), have introduced H.R. 5325, the Unclaimed Retirement Rescue Plan.
Regulatory and Legislative
PBGC Issues Final Rule on Miscellaneous Provisions
The Pension Benefit Guarantee Corporation has issued a final rule providing minor clarifications and improvements to several miscellaneous provisions.
Regulatory and Legislative
Executive Order on Alternative Investments Issued
President Trump has issued an Executive Order aimed at increasing access to alternative investments for 401(k) and other defined contribution plans.
Regulatory and Legislative
DOL Weighs in on Forfeiture Case
The Department of Labor filed an amicus (friend of the court) brief in a case (Hutchins v. HP Inc.).
Regulatory and Legislative
DOL Sends PEP Item to OMB
The Department of Labor has released a prerule item titled “Pooled Employer Plans” (PEPs) to the Office of Management and Budget for review.
Regulatory and Legislative
DOL Launches Opinion Letter Program
The Department of Labor has announced the launch of its opinion letter program.