John Sullivan

Labor Secretary Marty Walsh confirmed expectations that he will leave the Biden Administration for the private sector. Walsh will join the NHL Players Association (NHLPA) as its executive director. In a sign of the times, he took to Twitter on Thursday to elaborate on his decision.  “Earlier this... READ MORE

On Feb. 14, the Securities and Exchange Commission (SEC) closed the comment period for its controversial late-processing proposed rule to combat an issue first raised nearly 20 years ago.  The proposal would require open-end funds to use “swing pricing,” the method to allocate costs from inflows... READ MORE

High-profile retirement income researcher David Blanchett has come to the defense of Monte Carlo analysis, noting economist John Maynard Keynes’s famous quote that he’d prefer to be “vaguely right than precisely wrong.” Calling it a powerful tool for good that provides valuable information about... READ MORE

Fresh from the heels of the red state lawsuit filing to prevent the Department of Labor from implementing its new rule related to environmental, social and governance (ESG) investing, two members of Congress announced they’ll reintroduce a Congressional Review Act (CRA) measure to nullify its use... READ MORE

The hyper-partisan polarization over environmental, social, and governance (ESG) investing strategies continued Monday with news of a growing “war” between GOP House leadership and the U.S. Chamber of Commerce. While the Chamber’s endorsement of Democrats in the midterms was primarily to blame, its... READ MORE

The possibilities (and controversy) surrounding artificial intelligence (AI) — specifically ChatGPT — continue. Supposedly on track to eventually replace writers, artists, and pretty much everyone, the most recent dustup involves students using it to cheat.  “We’ve trained a model called ChatGPT... READ MORE

Despite a rebound in out-of-pocket health care spending in 2021, health savings account (HSA) balances increased on average over the course of the year, the Employee Benefit Research Institute (EBRI) recently found. Its analysis of HSA balances, contributions, and distributions, also found, “... READ MORE

In January, Justin Bonestroo, CBIZ Senior Vice President, took over as ASPPA president for calendar year 2023, replacing Immediate Past President Natalie Wyatt. “Justin brings a lot of energy and enthusiasm to the role of president,” ASPPA Executive Director and ARA Chief Counsel Allison Wielobob... READ MORE

Efforts by proponents to carve out an exemption to a Nevada state fiduciary law for ERISA-covered retirement plan advisors continued this week, with the American Retirement Association (ARA) submitting a letter supporting the exemption.  Nevada State Senate Bill 383 (SB 383), effective July 1,... READ MORE