Compliance

The ERISA Industry Committee is challenging the Departments of Labor, Health and Human Services and Treasury, arguing the final rule oversteps the existing mental health parity law.

The regulator found that the firm did not provide accurate information about the capital gains and tax implications of a change to investment minimums.

The rule would clarify the issue of 'adequate consideration' and replace a pending regulation first offered decades ago.

The Federal Trade Commission found that the big three PBMs have marked up the price of numerous specialty generic drugs, gaining more than $7.3 billion over a five-year...

The complaint accused the engineering and construction firm of defaulting participants into a high-fee option that provided no benefits compared with a target-date fund.

Its 403(b) plan committee was accused of failing to monitor its investment in a stable value investment product offered by Principal.

The Department also provided plan fiduciaries with an option to help manage small benefit amounts owed to missing participants.

Relief includes postponed deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for impacted participants.

The agencies proposed guidance on how plan administrators can comply with the Roth catch-up rule that begins in 2026 and, separately, on requirements for auto-enrollment in new plans.

A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits committee allowed ESG priorities to outweigh financial returns...

The recordkeeper reported that participant information was exposed in August 2024 due to suspicious email activity.

Participants in the firm’s 401(k) plan had sued the company for its alleged failure to regularly monitor plan investments and remove underperformers.

Henderson, on January 12, will succeed Constance Donovan, who retired in August after 11 years.

The Supreme Court will hear a case against Cornell University to resolve a split among circuit courts on whether a plaintiff must argue that more than a ‘prohibited...

While a major win for public employees, the legislation is also projected to hasten the insolvency of the trust funds that back the benefit program.

A deal that transferred Verizon liabilities to group annuity contracts with Prudential and SSGA face ERISA breach allegations from former employees.

The online retail giant is the largest company on the growing list of forfeiture lawsuit defendants.

The two tables allow plan sponsors to determine additional benefits for employees whose compensation exceeds certain levels.

Frequent plan benchmarking is a useful way to measure participants’ retirement readiness, but a deeper analysis of demographics and financial wellness is key to developing the full picture.