"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 >>

"While the DOL indicates its growing approval of voluntary transfers to state unclaimed property funds in the preamble to FAB 2025-01, specifically noting that IRAs charge considerable fees that decrease account balances over time while state unclaimed property funds charge no fees and return lost assets to owners with widespread success, the relief offered by FAB 2025‑01 is significantly limited."  MORE >>

"The [DOL's] withdrawal of its 2022 crypto guidance signals a significant policy shift, but fiduciary obligations under [ERISA] remain unchanged. Plan fiduciaries should anticipate renewed participant interest in crypto, despite continued regulatory uncertainty and operational hurdles."  MORE >>

"Who 'owns' the participant relationship? ... Cerulli Associates said 401(k) savers are increasingly looking to recordkeepers for retirement-related advice, which could give the latter a significant wallet-share advantage."  MORE >>

"With the majority of mass-affluent 401(k) participants not working with a financial advisor, a new report from Cerulli finds recordkeepers have an opportunity step in and play a larger role in guiding participant decisions.... According to [the report] recordkeepers should do more to engage with participants by providing prescriptive and actionable recommendations to improve retirement readiness and build relationships."  MORE >>

11 pages. "Wilshire estimates that the aggregate funded ratio was 97.8% at FYE 2024, which represents a 2.0 percentage point increase from FYE 2023 (95.8%). In FYE 2024, 43% of plans reported being fully funded or in surplus. This exceeds the previous high point in FYE 2007, which was five years after the 2000-2002 bear market recovery and just before the 2008-2009 global recession."  MORE >>

"Begin by asking providers about their cybersecurity policies and practices. Their protocols should align with standards like NIST or ISO/IEC 27001.... Explore the provider's history of handling security incidents. Transparency is key -- ask how they've responded to breaches in the past, and check for any related legal or regulatory issues.... Strong contracts reinforce good cybersecurity."  MORE >>

"Billy Long, who previously served in Congress as a representative from Missouri, where he advocated for the abolishment of the IRS, was confirmed ... by the U.S. Senate to serve as its next commissioner.... He will replace Michael Faulkender, who has been serving in an acting capacity since April. Long's term will run for the remainder of Danny Werfel's term until Nov. 12, 2027."  MORE >>

"As a prompt for the roundtable, the SEC has provided nine questions for comment, which center on ... [1] How executive compensation packages are developed and what adjustments can be made to current disclosure requirements to better explain this process. [2] Whether the disclosure requirements adopted in the last 20 years are effective in communicating material information to investors and if changes are necessary for clarity and cost-efficiency. [3] Assessing concerns regarding the disclosure requirements related to executive perquisites, pay-versus-performance and clawbacks."  MORE >>