"While this guidance specifically references 'cryptocurrencies,' the same reasoning and principles also apply to a wide range of digital assets, including those marketed as tokens, coins, or crypto assets. Plan fiduciaries considering these types of investment options should evaluate them carefully, following a prudent review and decisionmaking process and documenting that process to demonstrate procedural prudence."  MORE >>

"[By] December 31, 2025, every employer in California with at least one employee will need to offer a retirement benefit ... [T]hree quarters (75%) of small business owners aren't familiar with CalSavers and many (65%) don't realize they could be fined up to $750 per employee if they don't comply."  MORE >>

"This paper seeks to help plan sponsors understand today's rapidly changing data risk environment. [The authors] discuss how participant accounts are vulnerable to data breaches, highlight updated regulatory guidance, and offer action steps for plan committee consideration, in partnership with the plan's overall organization, consultant/advisor and counsel as needed.' [Also available: 'Take Action" Checklist]  MORE >>

"If enacted as currently written, the FERS supplement would be eliminated beginning Jan. 1, 2028, though language stipulates that any federal worker already 'entitled' to retire with the supplement on that date will retain their eligibility. One point of confusion is the word, 'entitled.'... The overall average retirement age of federal employees who retired in FY2019 was 61.8 years old -- almost old enough for the 'real' Social Security retirement benefit, rather than the FERS annuity supplement. "  MORE >>

"With capital increasingly scarce and institutions paring down the number of GPs on their rosters, managers are courting state pensions by offering 'fund of one' deals to target smaller, local investments."  MORE >>

"If language matters, which we, as an industry, completely believe it does, why do we use phrases such as non-participant or opt-out when they are factually inaccurate and take participants out of the game?"  MORE >>

"In February, President Donald Trump nominated Daniel Aronowitz to serve in the position ... Aronowitz is the president of Encore Fiduciary, which insures employers against liability for alleged violations of their fiduciary duty as sponsors of defined benefit plans. His firm has tracked ERISA-related litigation for about a decade, and he has served as president of Encore Fiduciary for more than 13 years."  MORE >>