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Trump IRA Fact Sheet
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Regulations
DOL Proposed Rule: Fiduciary Duties in Selecting Alternative Investments
Objective To alleviate certain regulatory burdens and litigation risk that interfere with the ability of American workers to achieve, through their retirement accounts, the competitive returns and asset diversification necessary to secure a dignified and comfortable...
Trump Account
https://experientialwealth.com/wp-content/uploads/Trump-Account-2025-12-02.pdf
SEC vs Empower Managed Account
On August 15, 2025, Williams-Lenzey, et al (“Plaintiffs”) filed a class action complaint against Empower Retirement, LLC., Empower Financial Services, Inc., and Empower Annuity Insurance Company of America for breaches of fiduciary duties among other related alleged...
Executive Order for Alternatives in 401(k) Plans
https://experientialwealth.com/wp-content/uploads/Executive-Order-for-Alt-in-401k-Plans-2025-08-07.pdf
Kelley v. TIAA Summary
SUMMARY This document is solely based on the information from the Complaint and no efforts have been made to verify or confirm the completeness or truthfulness of any facts and circumstances. According to the Complaint, TIAA and Morningstar acting as fiduciaries to...
FOMC July 31, 2024, Press Conference Summary
SUMMARY The FOMC sees the economy is neither overheating or sharply weakening. The labor market continues to normalize. The FOMC remains data dependent and focused on the risk of cutting rates too early or too late. Some of the Committee members examined the...
Su vs. Axim Summary
The Julie A. Su vs. Axim Solutions Group et al case demonstrates the importance of an employer’s fiduciary duty of developing and maintaining a prudent process in selecting service providers in delivering health and welfare and retirement benefit plans to covered...
FOMC June 12, 2024, Press Conference Summary
Squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. (affirming commitment) Inflation has eased notably over the past two years but remains above the longer-run goal of 2 percent. Total...
Hanigan v Bechtel Summary
On May 24, 2024, a class action complaint was filed in the Eastern District Court of Virginia by Debra Hanigan, et al (“Plaintiff”) against Bechtel Global Corporation and the Bechtel Trust & Thrift Plan Committee (“Defendants”) for a breach of fiduciary duty of...
Carfora v. TIAA Summary
This case was first filed in 2022 which was dismissed by the Court and provided Plaintiffs with leave to file an amended complaint. Plaintiffs have done so in November 2023, and now before the Court is Defendants’ motion to dismiss Plaintiffs’ Second Amended...
2024 Fiduciary Rule Summary
Definition of an Investment Advice Fiduciary On April 25, 2024, the Department of Labor (Department) issued the final Retirement Security Rule and amendments to several existing Prohibitive Transaction Exemptions. This regulation is effective on September 23, 2024....
ESG Factors Can Be Incorporated when Selecting Plan Investments
Please access our summary of the Labor Department’s long awaited final rule on Financial Factors in Selecting Plan Investments here. We find the approach in the investment selection process for fiduciaries to remain consistent with the long-imposed ERISA framework. ...
DOL Propose Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights
INTRODUCTION On October 14, 2021, the Department of Labor (DOL) issued proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights , which replaces the current regulation, the Financial Factors in Selecting Plan Investments rule...
DOL Final Rule Prohibited Transaction Exemption 2020 02 for Investment Fiduciary
ERISA and the IRC establish prohibited transaction provisions that generally exclude fiduciaries, with respect to workplace retirement plans (Plan or Plans) and individual retirement accounts and annuities (IRAs), from engaging in self-dealing and receiving...
ERISA CYBERSECURITY Best Practices & TIPS
The Employee Benefits Security Administration of the Department of Labor issued a new guidance for plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act (ERISA). The guidance offers tips and best practices in three areas: Tips for...
Pooled Employer Plan
POOLED EMPLOYER PLAN (PEP) created in 2019 under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) intends to: Extend retirement plan accessibility especially to small employers (according to the Federal Reserve Report on the Economic...
DOL Final Rule: Financial Factors in Selecting Plan Investments
On November 13, 2020, the DOL issued final regulation, to promulgate principles of fiduciary standards for selecting and monitoring investments, and set forth the scope of fiduciary duties surrounding nonpecuniary issues. The final rule makes five major amendments to...
DOL Interim Final Rule: Pension Benefit Statements – Lifetime Income Illustrations
The Department of Labor’s Employee Benefits Security Administration (EBSA) announced an interim final rule (IFR) for administrators of defined contribution retirement plans, such as 401(k) plans. EBSA is issuing the rule in response to the Setting Every Community Up...
2020 Social Security Cost of Living Adjustment Announced
Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2018 through the third quarter of 2019, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 1.6 percent COLA for 2020. Please retrieve the Social...