"With the proper set up, or as a result of economic loss, sponsors of 401(k) safe harbor plans may reduce or suspend employer matching or nonelective safe harbor contributions mid-year."  MORE >>

"While [this] lawsuit contains allegations similar to other forfeitures lawsuits, the plaintiffs here also ... argued that ... the defendant violated ERISA by using the forfeited funds in a different manner than described in the Form 5500.... [T]he court stated that the plaintiffs failed to show that the statement in the Form 5500 created a binding legal obligation with respect to the use of the forfeited funds, as the terms of the plan document govern the plaintiffs' rights." [Sievert v. Knight-Swift Transportation Holdings Inc., No. 24-2443 (D. Ariz. Apr. 29, 2025)]  MORE >>

"The Senate Health, Education, Labor, and Pensions (HELP) Committee is set to vote on the nomination of Janet Dhillon to serve as the next Director of the [PBGC]. The vote will come on May 15.... [R]eportedly there will be no hearing concerning her nomination before the committee votes."  MORE >>

"Any impact of the new auto-IRA programs must by definition be modest, since the total number of contributors is only about one million -- compared to 20 million IRA contributing households in 2022. That said, these programs could well explain the increase between 2019 and 2022 in the share of contributions coming from the bottom third of the income distribution."  MORE >>

"While it is possible that the Cornell decision could lead to an increased frequency in meritless class actions being filed, pleading standards and standing requirements which are still in place may limit the impact. If there is an increase in volume, it may be short-lived if courts follow the Supreme Court's suggestions ... Hopefully fiduciary insurers will be persuaded to stand by their insureds and not push for increases until it can be ascertained what the actual impact of the decision will be."  MORE >>

"Cybercriminals exploit weaknesses in systems, software, or human behavior to find opportunities for easy access (like compromised credentials) and steal information.... The digital nature of plan administration and the reliance on third-party service providers create ample access given the broad attack surface."  MORE >>

"Healthcare remains a top concern for employers. But rather than expanding access and coverage, companies are prioritizing cost control and sustainability, especially in high-cost areas like specialty pharmacy and weight loss drugs.... The post-pandemic surge in wellbeing programs is leveling out.... When it comes to leave, employers are focused on streamlining policies, staying compliant, and mitigating risk.... more employers are enhancing retirement support as part of a mature, future-focused benefits strategy."  MORE >>