The Department of Labor (the “Department”) issued a proposed rule, in which it proposed narrow amendments to its electronic disclosure safe harbors to implement the statutory directive in Section 338 of SECURE 2.0. The...more
On January 15, 2026, the U.S. Department of Labor’s Employee Benefits Security Administration (“EBSA”) unveiled its national enforcement projects for fiscal year 2026. Key areas of focus include cybersecurity, mental health...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
This morning, the White House Office of Management and Budget announced that it has received the proposed rule, “Fiduciary Duties in Selecting Investment Alternative[s]” (the “Proposal”). The Proposal responds to President...more
On December 11, 2025, President Trump issued Executive Order 14366, “Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors” (the “Executive Order”), signaling a renewed focus by the...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
On December 2, President Trump announced that a wealthy benefactor had committed to contribute $6.25 billion to seed certain Trump accounts, a new form of IRA for children under age 18. Trump accounts were codified under...more
12/9/2025
/ Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Pilot Programs ,
Reporting Requirements ,
Retirement Plan ,
Trump Administration ,
U.S. Treasury
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
The federal government has largely been “shut down” since continuing appropriations expired at midnight on September 30. The shutdown is already the second longest in history, and Congress has made very little progress...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
10/22/2025
/ Affordable Care Act ,
Employee Benefits ,
Federal Funding ,
Government Shutdown ,
Health Insurance ,
Health Savings Accounts ,
Healthcare Reform ,
Legislative Agendas ,
Medicaid ,
Pharmacy Benefit Manager (PBM) ,
Retirement Plan ,
Tax Credits ,
Trump Administration
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
10/22/2025
/ Continuing Resolution ,
Department of Labor (DOL) ,
Employee Benefits ,
Federal Funding ,
Furloughs ,
Government Agencies ,
Government Shutdown ,
Health Insurance ,
IRS ,
Medicaid ,
One Big Beautiful Bill Act ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Trump Administration
In welcome news for plan sponsors and other fiduciaries considering lifetime income solutions for their defined contribution (“DC”) plans, the Department of Labor (“DOL”) recently issued Advisory Opinion 2025-04A (“AO”) to...more
10/22/2025
/ 401k ,
Benefit Plan Sponsors ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Investment Management ,
New Guidance ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
On September 16, 2025, the United States Court of Appeals for the Third Circuit in In re Yellow Corp., No. 25-1421: (i) upheld regulations issued by the Pension Benefit Guaranty Corporation (“PBGC”) that partially exclude...more
10/22/2025
/ Administrative Procedure Act ,
American Rescue Plan Act of 2021 ,
Commercial Bankruptcy ,
Defined Benefit Plans ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
ERISA Litigation ,
Financial Assistance Policies ,
Multiemployer Plan ,
PBGC ,
Statutory Authority ,
Statutory Interpretation ,
Withdrawal Liability
On August 7, 2025, President Donald J. Trump issued a much-anticipated Executive Order Democratizing Access for 401(k) Investors (the “Executive Order”) emphasizing the President’s view that it is important that all Americans...more
10/22/2025
/ 401k ,
Alternative Investment Funds ,
Department of Labor (DOL) ,
Digital Assets ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Executive Orders ,
Fiduciary Duty ,
Investment ,
Private Equity ,
Regulatory Reform ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Trump Administration
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
10/6/2025
/ Appropriations Bill ,
Centers for Medicare & Medicaid Services (CMS) ,
Children's Health Insurance Program (CHIP) ,
Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Federal Funding ,
Government Agencies ,
Government Shutdown ,
Health Insurance ,
Healthcare ,
Medicaid ,
Medicare ,
No Surprises Act (NSA) ,
Trump Administration ,
U.S. Treasury
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
9/22/2025
/ Affordable Care Act ,
Appropriations Bill ,
Federal Budget ,
Federal Funding ,
Government Shutdown ,
Health Insurance ,
Medicaid ,
Medicare ,
New Legislation ,
One Big Beautiful Bill Act ,
Telehealth
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
6/23/2025
/ Budget Reconciliation ,
Employee Benefits ,
Health Insurance ,
Health Savings Accounts ,
HSA ,
Medicaid ,
Proposed Legislation ,
Retirement Plan ,
Senate Committees ,
State and Local Government ,
Tax Incentives ,
Tax Legislation
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
6/17/2025
/ Budget Reconciliation ,
Byrd Amendment ,
Employee Retention ,
Health Insurance ,
Inflation Reduction Act (IRA) ,
Medicaid ,
One Big Beautiful Bill Act ,
Proposed Legislation ,
SALT ,
Senate Finance Committee ,
Tax Credits ,
Tax Incentives
There is a growing interest from the retirement industry and policymakers to modernize 401(k) and other defined contribution (“DC”) plan investments by incorporating alternative asset classes and lifetime income features. ...more