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The American Retirement Association expressed its opposition to the Protecting America’s Retirement Security Act (PARSA) in an April 5 letter to lawmakers.
A bipartisan bill aimed at allowing more small businesses to offer retirement plans was introduced in the Senate.
A rule quietly proposed by the Biden administration would allow companies to consider factors such as climate change, diversity issues and even political donations when selecting employees' 401(k) plans, potentially forcing workers to funnel some of their pay into "woke" causes.
The Department of Labor on Monday delayed the implementation of an investment advice rule that had been set for this December.
In a series of articles, PLANSPONSOR is checking in with industry groups to see what work they have done, and will do, for retirement and health plan sponsors as the pandemic continues and beyond.