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CalSavers on hunt for new leader as executive director Selenski departs
The California auto-IRA program is not only the biggest in the country, but its arrival correlated with a pick-up in new 401(k) plans in the state.
Supreme Court refuses to hear challenge to CalSavers
California prevailed in a legal battle over its auto-IRA program.
CalSavers on hunt for new ESG manager
The automatic IRA program is seeking to fill a spot on its investment menu that is likely being vacated by the BNY Mellon Sustainable Balanced Fund.
California set to fine employers that have ignored auto-IRA registration
More than 650 employers in the state will be sent notices that they're not in compliance. Fines start at $250 per employee.
CalSavers upheld in US Court of Appeals case
A three-judge panel in the U.S. Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of the case. The savings system is not a plan under the Employee Retirement Income Security Act and is therefore not preempted by the law, the panel wrote in the opinion published yesterday.
Oklahoma bills show auto-IRAs making headway in non-blue states
The state is the latest among many that have taken steps toward adopting such programs, which are intended to dramatically expand access to retirement savings plans at work for employees of small businesses.
DOL backs off from CalSavers lawsuit, but damage may be done
While the Labor Department has ended its support for the suit seeking to invalidate California's auto-IRA, the analysis in its amicus brief is still part of the record before the court.
