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Congress’ watchdog agency has provided Acting Labor Secretary Julie Su the green light to continue serving in an acting capacity—news that is not likely to please congressional Republicans. In a memo dated Sept. 21, the Government Accountability Office—responding to a congressional request... READ MORE
“Having considered the motions, pleadings, and relevant law,” a federal court judge has backed the Labor Department in a suit brought by 26 red state Attorneys General challenging the so-called ESG rule. The coalition[i] that brought the suit in January 2023, alleged that the 2022 Rule “undermines... READ MORE
Well, here we are again at the end of yet another workweek …and yet, there’s no shortage of…well, just look at what happened to these guys and gals… First, some odds and ends… In Dublin, Ireland, a “huge, mysterious crater that looks out of this world” recently appeared on a local beach… well,... READ MORE
Even though inflation has eased a bit in recent months, that hasn’t stopped American workers from worrying about the impact it will have on the cost on their workplace benefits as open enrollment season approaches. New findings from Voya Financial’s consumer research survey reveal that, even as... READ MORE
A four-year old case in which participants accused plan fiduciaries of “stuffing cash into a mattress” while at the same time forcing participants “to play the fool’s game” by offering only “high-cost actively managed funds” has come to terms. Back in 2019, plaintiffs Gloria G. Ferguson and... READ MORE
NFP announced that it has acquired South Jordan, Utah-based Divergent Wealth Advisors, LLC, expanding the firm’s wealth management and retirement capabilities, and broadening its reach in the West. Divergent is an independent registered investment advisor with more than $675 million in assets... READ MORE
Labeled as an effort to “enhance and modernize” the Investment Company Act “Names Rule” (35d-1), the Securities and Exchange Commission (SEC) on Sept. 20 voted to amend the rule to prevent what it suggests are the use of deceptive names that are likely to mislead investors. Noting that it has been... READ MORE
Plaintiffs have had their appeal of a district court’s dismissal of their excessive fee suit rejected by the appellate court. Appellants Cole Matney and Paul Watts[i]—participants in the Barrick Gold 401(k) plan—filed suit against Barrick Gold of North America, Inc., Barrick Gold’s Board of... READ MORE
In our August Third Thursday, we discuss the Safer Act, which became a provision in SECURE 2.0 allowing penalty-free withdrawals from retirement plans for victims of domestic abuse. Given the breadth and scope of domestic violence, this educational session offers background information on the... READ MORE
Today we are pleased and proud to announce the list of nominees for our eighth annual NAPA Top Women Advisors award. From the very beginning, it was clear that this was a recognition with a real impact, both for the individuals recognized, and for the firms that support them. While the... READ MORE