On January 11, 2024, the Department of Labor ("DOL") released a final rule that provides new figures reflecting the adjusted civil penalty amounts for 2024, pursuant to the Federal Civil Penalties.
Effective January 1, 2024, employers who sponsor 401(k), 403(b), or governmental 457(b) plans have a new plan design option to add emergency savings accounts to their existing retirement plans.
More than five years after the Fifth Circuit Court of Appeals decision to vacate the Department of Labor's (DOL) 2016 fiduciary rule, the DOL has proposed a new rule that, once again.