Allen Steinberg, Author at Allen Steinberg

Allen Steinberg

02.02.2026 02.07 CST

H.R. 2988 proposes changes to ERISA fiduciary standards that may affect investment selection, service provider oversight, proxy voting, and brokerage windows.

Overview of H.R. 2988 and Potential Implications for ERISA Fiduciaries

The House’s passage of H.R. 2988 highlights policy proposals that may shape future ERISA legislative and regulatory discussions.

Brokerage windows Fiduciary standards Legislative proposals provider selection Proxy voting

H.R. 2988 proposes changes to ERISA fiduciary standards that may affect investment selection, service provider oversight, proxy voting, and brokerage windows, reflecting broader policy debates that could shape future regulatory and litigation trends.

Allen Steinberg

23.01.2026 02.34 CST

A new wave of ERISA litigation challenges employer oversight of voluntary benefit plans, raising questions about fiduciary duties, broker compensation, and plan governance.

The Next Wave of Fiduciary Challenges

New ERISA lawsuits target voluntary benefit plans, alleging fiduciary breaches by employers and brokers over commissions, fees, and plan oversight.

ERISA fiduciary litigation Fiduciary Duties Prohibited transactions voluntary benefits

Recent ERISA class actions allege failures in oversight of voluntary benefit plans, extending fiduciary and excessive-fee scrutiny beyond retirement programs.

Allen Steinberg

02.12.2025 10.49 CST

The Minnesota paid family and medical leave law introduces major payroll, tax, and retirement plan implications for employers. Learn how taxable payments, premium structures, and compensation definitions affect your benefit plans—and what steps to take before 2026.

Minnesota Paid Leave Law: A Law of Unintended Consequences

Minnesota’s paid family leave law affects payroll, taxes, and retirement plans. Learn key employer responsibilities and compensation impacts for 2026.

family leave Minnesota Paid Leave

The Minnesota paid family and medical leave law introduces major payroll, tax, and retirement plan implications for employers. Learn how taxable payments, premium structures, and compensation definitions affect your benefit plans—and what steps to take before 2026.

Allen Steinberg

09.09.2025 10.28 CDT

SEC penalizes Empower and Vanguard for inadequate managed account disclosures

Empower and Vanguard Penalized for Undisclosed Conflicts

On August 29, the SEC issued orders against units of Empower and Vanguard for inadequate and misleading disclosure regarding the firms’ conflicts of interest in promoting their managed account products.

conflicts of interest Disclosure SEC

The SEC has issued orders against Empower and Vanguard for inadequate and misleading disclosure regarding the sales of the firms’ managed account products.

Allen Steinberg

22.08.2025 09.32 CDT

The President directs DOL to reconsider its position on alternative assets in DC plans.

Doors to Swing Open for Alternative Investments

The President directs DOL to reconsider its position on alternative assets in DC plans.

Fiduciary Responsibility investments

Private equity and crypto investments may soon be coming to a plan near you.