Labor Department Wants More Time to Decide Fate of 401(k) Rule

The Trump administration is asking a federal appeals court for an additional 60 days to decide next steps in a case challenging the validity of a US Labor Department rule toughening restrictions on 401(k) financial advice.

The US Court of Appeals for the Fifth Circuit already granted the department one 60-day pause in consolidated proceedings challenging a pair of lower court stays on the Biden-era rule. An appeals judge overseeing the case suspended briefings in order to give newly appointed DOL officials time to familiarize themselves with the litigation.

In a new motion the government filed Monday, plaintiffs say “DOL ...