Posts by Rich Swanner, CPFA, QKA
Agreement at the Eleventh Hour: SECURE Act 2.0 Signed into Law and What it Means for Your Plan
On December 29, 2022, President Biden signed into law the $1.7 trillion omnibus spending bill that included the Setting Every Community Up for Retirement (SECURE) Act 2.0. The act expands on provisions enacted with SECURE Act 1.0 in 2019. Three separate bills, one passed by the U.S. House of Representatives and two approved by the…
Read MoreFlipped Out over Fiduciary Liability Insurance?
In 2020, more than 200 class action lawsuits were filed under the Employee Retirement Income Security Act (ERISA). It was the high water mark for actions targeting the alleged mismanagement of 401(k) and 403(b) defined contribution retirement plans. A total of 125 such actions were filed in 2021, and subject experts expect another 75 to…
Read MoreHughes v. Northwestern: What Plan Sponsors Can Learn from the Supreme Court Ruling
ESG Investment Rules for ERISA Plans
While the Department of Labor rules keep changing, plan sponsors and fiduciaries should be familiar with this investment approach and what these rule changes could mean for retirement plans. As investor interest in sustainable investments has been increasing over the last decade, the trend has attracted heightened interest and action from regulatory and legislative bodies…
Read More
