A new program was recently launched in Nevada, amendments have been made to the Hawaii program, and additional launches and legislative activity are expected before the end of 2025.

The DOL has rescinded its 2021 supplemental statement that discouraged including alternative assets such as private equity in 401(k) investment menus.

The Council filed an amicus brief urging the 4th Circuit to review a district court decision allowing speculative PRT claims to proceed.

In response to significant adverse comments — including from the Council — the DOL will retain a regulation protecting certain pre-1999 insurance contracts (“Transition Policies”) from ERISA plan asset rules.

The Council has urged the DOL to recommend that the Solicitor General support Supreme Court review of Johnson v. Parker-Hannifin.

On August 7, 2025, President Trump issued an EO titled Democratizing Access to Alternative Assets for 401(k) Investors, directing the DOL and SEC to take steps that could expand access to alternative investments in defined contribution plans.

In this episode, Katy Spangler (senior advisor, health policy) guides us through the past, present and future of HSA policy.

The Fair Billing Act would help lower health care costs by requiring hospital off-campus outpatient departments to include a unique identification number on claims for services.

A federal district court issued a preliminary injunction preventing Arkansas from enforcing a law that prohibits PBMs from holding an interest in a pharmacy operating in the state.

The Council submitted a comment letter opposing the Department of Labor’s proposal to revoke a regulation that protects certain insurance policies issued before 1999.

In an effort to boost adoption of PEPs, the Trump administration issued interpretive guidance that specifically highlights the benefits of PEPs in which the pooled plan provider is solely responsible for selecting an unaffiliated investment manager.

The American Benefits Council is recommending an immediate delay of the January 1, 2026, deadline for implementing the Roth “catch-up” rule.