BENEFITS DIGEST

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A publication of The Inner Firm

Friday, July 17, 2026

№ 11

12 items · ~2 min read

Retirement Plans (6)·Health & Welfare (2)·Executive Compensation (1)·Case Commentary (2)·Also Noteworthy (1)

The One Thing

The surge of TDF litigation targeting American Century One Choice exposes a critical vulnerability: plans using identical or similar fund lineups face multiplying class-action risk, suggesting that advisers and sponsors should audit their TDF selections not just for performance but for concentration risk among popular suites that have become litigation magnets.

Retirement Plans (6)

How Vendor Searches Go Wrong
The Rosenbaum Law Firm P.C · via JD Supra 2026-07-16

Plan sponsors often approach vendor searches with the best intentions and the wrong priorities. The most common mistake is treating the process like a shopping exercise instead of a fiduciary decision.

Health & Welfare (2)

Executive Compensation (1)

IRS Clarifies Application of the Non-Profit $1 Million Tax Post-OBBBA
Patterson Belknap Webb & Tyler LLP · via JD Supra 2026-07-16

The Internal Revenue Service (“IRS”) released Notice 2026-36 (Notice of Intent to Issue Regulations under Section 4960), (the “Notice”) relating to the tax on executive compensation under Internal Revenue Code (“Code”) Section 4960, as modified by the One Big Beautiful Bill Act (the “OBBBA”)

Case Commentary (2)

Is Your Target-Date Fund Lineup Ready for the Next ERISA Class Action?
Falcon Rappaport & Berkman LLP · via JD Supra 2026-07-16

If your retirement plan holds American Century One Choice target-date funds, you have a target on your back. More than a dozen ERISA class actions have been filed against plans holding this single fund suite since early 2026, and the pace is accelerating

Also Noteworthy (1)

DC Employers Keen on Offering Alternatives
401(k) Specialist 2026-07-16

Plan sponsors say they’re drawn to the investment’s lower fees and downside risk, while others say weak participant demand has deterred them from considering the funds