Compliance

June 21, 2017

Court Rules for Putnam in Excessive Fee Suit

A district court ultimately found that since plaintiffs did not establish a case in which a particular fiduciary breach caused a loss to the plan, their arguments fail.

June 21, 2017

Sponsor Admits Embezzlement of Plan Dollars

The plan sponsor was criminally prosecuted and pled guilty to embezzlement in June 2016; she was ordered by EBSA to make restitution to restore losses to the plan.

June 15, 2017

Stock-Drop Lawsuit Alleges Disclosure Failures

Plaintiffs attempt in their complaint to establish that fraud was at least potentially occurring, and that this should have been enough to prevent plan fiduciaries from continuing to offer employer stock to participants.

June 15, 2017

Employers Must Assess HSA Fiduciary Exposure

While HSAs aren’t traditionally thought of as a retirement vehicle, the DOL broadened the scope of conflict of interest rules to include these plans due to their long-term savings and investment aspects.

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