President Donald Trump on Aug. 7, 2025, signed an executive order (EO), "Democratizing Access for 401(k) Investors," and published a related fact sheet. The EO expresses the policy of the Trump Administration that "every American preparing for retirement should have access to funds that include investments in alternative assets when the relevant plan fiduciary determines that such access provides an appropriate opportunity for plan participants and beneficiaries to enhance the net risk-adjusted returns on their [...]

On July 24, 2025, the U.S. Department of Labor's (DOL) Wage and Hour Division (WHD) announced it would once again oversee the Payroll Audit Independent Determination (PAID) program, allowing employers to self-report violations of the Fair Labor Standards Act (FLSA) and Family and Medical Leave Act (FMLA). Without such supervision, an employee cannot be made to waive his or her rights to pursue a private lawsuit against an employer for lost wages. In addition, the [...]

A federal judge has given final approval to a historic $69 million settlement in a class action lawsuit over UnitedHealth Group's 401(k) plan. The plaintiffs alleged that UnitedHealth violated their fiduciary duties under the Employee Retirement Income Security Act (ERISA) by retaining the poorly performing Wells Fargo target date funds in the company's 401(k) plan. Judge R. Tunheim of the U.S. District Court of Minnesota said that he would sign proposed orders without major [...]