BENEFITS DIGEST

Proposed regulations under section 530A would confine Trump Account investments during the growth period to unleveraged index funds that track broad U.S. equity benchmarks and charge annual fees of 0.1% or less, excluding actively managed, sector, and ESG-labeled funds. Employers contributing to the accounts bear no fiduciary duty for investment selection but should confirm contributions flow to compliant accounts. Comments are due October 20.

Learn why cybersecurity now belongs in the boardroom and what public pension trustees should be asking about governance.

New guide addresses a CFP professional’s fiduciary obligations when providing financial advice on whether to roll over assets from an employer plan.

The Prudent Investment Fiduciary Rules blog proposes a quantitative framework for documenting fiduciary prudence, combining cost-comparison metrics with AI-assisted process tools. Dense, but of interest to committees formalizing their prudence files.

one of the largest 401(k) fee settlements on record, and a checklist of the oversight practices that were alleged to be missing.

At a Glance This decision affirms some key ERISA concepts that fiduciary committee members should consider and defendants should emphasize in nearly every lawsuit alleging fiduciary imprudence. The most important principle is that ER.

The ADP fiduciary committee will review its retirement plan’s target-date funds as part of the settlement.

Groom's July roundup collects the firm's month in publications and press, including the Cycle 4 Cumulative List for pre-approved defined benefit plans and Kreps on fiduciary partnerships in PLANADVISER.

In Raya v. Barka, No. 25-2394, __ F.4th __, 2026 WL 2168772 (9th Cir. July 28, 2026), Plaintiff sued his former employer, Calbiotech, Inc., several individual defendants, and Calbiotech’s 401(k) Profit Sharing Plan and Pension Plan, asserting ERISA claims for denial of benefits, breach of fiduciary duty.

Plaintiffs filed two new ERISA suits on June 23, 2026. Both target the same fiduciary duty, and both push the theory onto new ground.

Don Trone examines how to build new protocols for fiduciary governance.

ARA analysis of the JPMorgan prescription-drug fiduciary litigation, where a health plan excessive-cost suit survived dismissal in part on arguments drawn from a recent Supreme Court decision. The piece examines why a documented process may not end the inquiry when plaintiffs plead prohibited-transaction claims.

Employee shareholder challenges ESOP sale as undervalued, alleging trustees breached fiduciary duties; court affirms dismissal of all claims.

This comes amid a wave of plan sponsors opting to outsource the investment management of their pension plans.

As Kreps explains, “The sponsor does not have to second-guess every decision that gets made, but they do have to ensure that the professionals they have selected are competently executing their

Experts answer questions regarding plan sponsor fiduciary duties for health benefits .

Eric Dyson’s review of comments to the DOL on its proposed “Fiduciary Duties in Selecting Designated Investment Alternatives” regulation unearthed a common challenge: How should fiduciaries evaluate