ERISA

Employee Data Faces Increased Regulatory Scrutiny
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
Retirement plan sponsors are well accustomed to fiduciary obligations around investment selection, fee reasonableness, and plan administration. Increasingly, however, another consideration has been drawing regulatory attention: how participants’ personal and financial data is collected, used, and shared by the service providers that help run the plan. What a GAO Report Found In a February 2026  Read More →
What Employers Should Know About DOL’s Retirement Plan Enforcement Principle Update
Team SummitEmployer Resource Center, Fiduciary Governance
On April 14, 2026, the U.S. Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) released a field assistance bulletin laying out principles for its enforcement priorities. As the entity charged with ensuring the security of retirement plan benefits of American workers and their beneficiaries, EBSA enforcement priorities are closely watched by the regulated community.  Read More →
New Retirement Plan Guidance for Faith-based Employers
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
Faith-based organizations looking to offer retirement benefits to employees face decisions that secular employers do not, including whether their retirement plans are subject to ERISA. To aid the decision-making process, the Department of Labor (DOL) issued guidance in April titled Choosing a Retirement Plan for Your Small, Faith-Based Organization. Through the guidance and an accompanying  Read More →

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