510 pages. "The [SEC] is proposing for public comment amendments to its rules ... that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant's greenhouse gas emissions ... [C]ertain climate-related financial metrics would be required in a registrant's audited financial statements."  MORE >>

"This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates ... and the 24-month average segment rates ... [as well as] the interest rate on 30-year Treasury securities ... as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate[.]"  MORE >>

"Updated information is now available on PBGC's website regarding the following interest rates: [1] Variable Rate Premiums ... [2] ERISA 4044 Annuities ... [3] Late Premium Payment Interest Charges ... [4] Late or Defaulted Withdrawal Liability."  MORE >>

"The SEC has proposed rules that would require registrants to provide certain climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition."  MORE >>

"The proposed amendments would require: [1] Current reporting of material cybersecurity incidents and periodic updates regarding the developments of previously reported cybersecurity incidents, as well as the reporting of cybersecurity incidents which, in the aggregate, become material. [2] Periodic reporting about: [a] A company's policies and procedures for identifying and managing cybersecurity risks; [b] Oversight of cybersecurity management by the board of directors; [c] Management's role and expertise in implementing a company's cybersecurity policies, procedures and strategies; [d] Annual reporting about the board of directors' cybersecurity expertise."  MORE >>

"Whether you are like [the author] (and a number of prominent economists) and believe that these 'Tinkerbell' assets are dangerous and shouldn't be in retirement plans, or you believe that it is the future of currency and trading and want to be part of it, know that we are in the infancy stages of this phenomenon. The more that regulatory guidance is issued, the less ambiguity there will be for investors. We welcome both the guidance and future regulations that clarify how cryptocurrency should be treated in retirement plans."  MORE >>

"[It] is (more or less) axiomatic that ERISA does not prohibit any particular sort of investment but simply requires prudent diversification. [Compliance Assistance Release 2022-01 (CAR]] seems to be saying that ... offering crypto in a fund menu is not prudent.... DOL has for some time ... recognized that investments offered in a brokerage window are not subject to the 'scrutiny for prudence' that is required for a 'designated investment alternative.' ... Nevertheless, in the CAR DOL suggests that offering crypto in a brokerage window is 'subject to duties of prudence and loyalty.' "  MORE >>

"The DOL's updated electronic distribution regulation expands the categories of employees who can receive retirement plan documents electrically, allowing a broader range of manufacturers to use technology to more easily comply with the requirement to distribute benefit documents to employees."  MORE >>

"Before the upcoming midterm elections, Congress appears poised to move forward with broad, bipartisan 'SECURE 2.0' legislation ... The [DOL] and IRS will continue working on guidance to implement the SECURE Act ... The trajectory of the many excessive-fee claims percolating through the federal courts may change after the US Supreme Court's recent ERISA ruling. This GRIST summarizes expected 2022 legislative, regulatory and judicial developments affecting retirement benefits."  MORE >>

"When acquiring a business, significant risk exists within the pensions space -- legally and financially -- and within the HR space.... Failing to look ahead at pension options during due diligence may result in complex and expensive pension solutions post-close. ... [These] tips will help you avoid pitfalls and get your next deal right vis a vis pension plans, including identifying risks associated and moving towards implementation."  MORE >>

"This year's survey includes an overview of key trends, including ESG investment considerations, the sovereign debt crisis and the increased use of IPPs and ISPs for certain regions."  MORE >>

"While PEOs respond to long-standing challenges faced by smaller employers and have the potential to increase access to workplace benefits, this Article argues that they also introduce new and significant governance concerns that are not adequately addressed by the existing regulatory framework."  MORE >>

"Although some circuits have not taken a position on this issue, as it currently stands, the U.S. Courts of Appeal for the Second and Seventh Circuits allow a fiduciary to seek contribution and indemnification from co-fiduciaries under ERISA, while the Eighth and Ninth Circuits do not. [This alert examines one] case and provides key considerations for ERISA fiduciaries in its aftermath." [First Reliance Standard Life Ins. Co. v. Giorgio Armani Corp., Nos. 20-55314, 20-55581 (9th Cir. Jul. 9, 2021; cert. pet. denied Feb. 22, 2022)]  MORE >>

"[1] Not reporting stock sales on Form 8949/Schedule D ... [2] Not reporting your cost basis correctly ... [3] Double-counting income from Form W-2 ... [4] Forgetting about the share withholding for restricted stock/RSUs."  MORE >>