"The [PBGC] relocated on August 1, 2022, and is amending its regulations that reference its former street address to reflect the new street address....On August 1, 2022, PBGC officially relocated to ... 445 12th Street SW, Washington, DC 20024-2101."  MORE >>

"Employers will have no payment obligations, have no federal reporting requirements and will pay nothing to MarylandSaves for the service.... [E]mployers need to register their business, upload payroll and employee information into the system, and then keep staff lists up to date and submit their employees' savings contributions."  MORE >>

"While there is not much plan fiduciaries can do if a participant is careless with his or her personal information or 401(k) plan account login credentials, plan fiduciaries can take steps to protect their plan from experiencing cybersecurity-related losses."  MORE >>

"The exposure of ESG investing to political reinterpretation adds complexity to retirement plan-related considerations of ESG investing. While the choice to consider certain ESG factors when selecting retirement plan investments may be deemed prudent and loyal under one administration, the guidance could change under the next. ERISA fiduciaries and employers should proceed with caution[.]"  MORE >>

"Following the U.S. Supreme Court's decision in Hughes v. Northwestern University, the U.S. Court of Appeals for the Seventh Circuit recently upheld the dismissal of a complaint challenging a 401(k) plan's purportedly excessive recordkeeping, investment management and investment advisor fees under [ERISA]. The U.S. Court of Appeals for the Sixth Circuit has also upheld the dismissal of complaints challenging 401(k) fees post-Hughes. These decisions have highlighted that plaintiffs challenging recordkeeping fees must allege how such fees were excessive in comparison to the services rendered."  MORE >>

26 pages. "After nearly 50 years, it is time for the Department to end its procedurally improper, retroactive approach to policymaking and engage with stakeholders in a notice-and-comment rulemaking process as Congress originally intended. It is not only The ESOP Association and its members that recognize this fact; both the House and Senate recently passed bipartisan legislation that would require the Department to provide formal guidance on the adequate consideration exemption." [Also available: Fact Sheet]  MORE >>

"[T]he 212th open meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will be held via a teleconference on Tuesday, October 18, 2022.... The purpose of the open meeting is for the members of the ERISA Advisory Council to discuss potential recommendations for the Secretary of Labor on the issues of: [1] Cybersecurity Issues Affecting Health Benefit Plans, and [2] Cybersecurity Insurance and Employee Benefit Plans. Descriptions of these topics are available on the ERISA Advisory Council's web page[.]"  MORE >>

"[R]eplacing the total rewards statement with a digital, highly-personalized total rewards experience [provides] a tool that accurately reflects the multiple components of the total rewards employers deliver to employees.... The ideal personalized total rewards view encompasses pay, stock, health and wellbeing, retirement, and work/life benefits.... Embedding personalized messages that drive employee behaviors is the real value behind the communication."  MORE >>