Why force someone hired on Tuesday to sit around until the first of the next month or next quarter before they can defer into the 401(k) plan? Immediate access feels employee-friendly, modern, and flexible.
Friday, July 17, 2026
№ 11Retirement 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)
Background Under ERISA section 4043, defined benefit plan administrators must notify PBGC when certain “reportable events” occur. One of those events is a reduction in the active participant headcount.
The authors note that Trump Accounts generally exist outside the retirement plan framework, as neither the statute nor current guidance provides a mechanism for incorporating them into a retirement plan.
Don Trone explains how policy, permission, proficiency, platform and protocol keep the industry from reaching artificial intelligence’s full potential
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.
The DOL recently released its Agency Rule List, which contains several important retirement and health plan initiatives for this year
Health & Welfare (2)
Turquoise Health has launched a new dashboard that provides free tracking of independent dispute resolution (IDR) awards from disputes over services covered by the No Surprises Act.
Today's blog addresses the question: Could medical marijuana and psychedelics soon be covered under employee benefit plans? Recent executive orders could impact health plan strategy and design.
Executive Compensation (1)
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)
Judge Lewis J. Liman of the Southern District of New York denied an ERISA long-term disability claimant’s motion to compel discovery into matters outside the administrative record.
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)
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