Monthly Archives: February 2025

That 401(k) National Virtual Conference had its 5th edition on January 30-31. Over 110 people signed up for a free event with over 8 hours pf programming. A wide variety of presenters broadcast worthwhile content to plan providers, as well … Continue reading →

There is this scene in Donnie Brasco when the crew has to make their take for the week and they try to hammer a New York City parking meter for the coins. This reminds me of certain ERISA litigators looking … Continue reading →

When I started my law practice almost 15 years ago, I started to look at what the competition was doing and I decided to do things differently. Other ERISA attorneys charge by the hour, they charge for every phone call, … Continue reading →

I’m a long-suffering fan of the Mets and, I’ve had to deal with the underwhelming leadership of several former Mets managers. It seems we may have a winner with Carlos Mendoza. The point is that when hiring employees, hire the … Continue reading →

A Texas federal district court ruled that American Airlines breached its fiduciary duty of loyalty, but not its fiduciary duty of prudence, in allowing its $26 billion 401(k) plan to be influenced by environmental, social, and governance (“ESG”) policies unrelated … Continue reading →

Transamerica announced a brand revamp. According to Transamerica, these changes include an update to their logo, which will start to feature the Transamerica Pyramid Center rising from a horizon, along with changes to their visual language. The brand’s typography will … Continue reading →

John Hancock has launched FutureStep, an open-architecture retirement plan offering powered by Vestwell. The firm’s existing plan lineup is set to launch in the early 2025s. The FutureStep interface is designed to facilitate interactions between advisers, employers, and participants. FutureStep … Continue reading →

The Internal Revenue Service (“IRS”) issued proposed regulations regarding the provisions of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) that relate to catch-up contributions. The proposed regulations are for the requirement imposed by SECURE 2.0 that catch-up contributions for … Continue reading →

Mariner announced the acquisition of Cardinal Investment Advisors. Mariner’s advisory assets will grow to $550 billion in the first quarter of 2025. With offices in Chicago and St. Louis, Cardinal provides investment consulting services to insurance companies, as well as … Continue reading →

Starting in 2026, Highly Compensated Employees will have to make their Catch Up Contributions as after tax Roth deferrals. The Internal Revenue Service issued regulations to that effect, after the SECURE 2.0’s required implantation date of 2024. With a new … Continue reading →