The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites.
Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit enforcement when no clear guidance exists.
A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for various details about plan investment decisions.
This protection by the PBGC is one reason for a string of lawsuits that challenge other nonprofit healthcare systems’ retirement plans’ status as “church plans” under ERISA.
The original complaint said a provider was allowed to add any mutual fund it wished, “regardless of whether the funds were duplicative of other options, had high costs,...
The reorganization of the DOL’s Employee Benefits Security Administration may be good news for the retirement plan community.
A group of seven prominent Republican senators are publicly pressing Majority Leader Mitch McConnell to work to get the SECURE Act passed into law this year.
The bill would funnel money to the PBGC from imposed fees on financial companies seeking a DOL exemption in order to manage retirement plan funds.
A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.
Although, the DOL has issued final rules on association retirement plans, some are disappointed that the rules fell short of allowing for what is called open MEPs.
This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership plan fiduciaries, for causing the plan to pay...
“We think there will be cost savings from e-delivery and that these cost savings will be passed on to individual consumers,” says Chris Spence of TIAA. “There is...
The defendants’ motion for summary judgment has been granted in part and denied in part, meaning parts of the long-running case may proceed to trial.
Whether it’s World Series tickets or a luncheon, are these gifts compliant with government and company rules concerning retirement plan sponsors and providers?
The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial...
Based on the conversations industry advocates are having in Washington, none of the leadership in the Senate or the House opposes passage of the SECURE Act.