Compliance

A judge found that allegations were sufficient to deny most motions to dismiss filed by the plan sponsor and the investment manager.

A federal judge found that the plaintiffs had sufficiently pleaded their claims in the suit alleging excessive retirement plan fees.

The guidance includes best practices and tips for protecting retirement benefits. 

It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of each question.

The complaint suggests Allianz abandoned a hedging strategy that was the supposed cornerstone of an investment fund utilized by the Raytheon pension plan, resulting in unexpected losses. 

A federal judge found Principal’s ‘meticulous’ process for setting the GIC’s composite crediting rate protected the availability of the investment and was in the best interest of participants.

The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.

The agency plans to examine worker classifications, RMDs in large DB plans and participant loans, as well as do a compliance check about partial plan termination and partial...

The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might not reduce the withdrawal liability assessed on employers.

Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.

Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation is rebated to plan participants.

The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.

The text of the new complaint closely resembles others from the increasingly well-known law firm Capozzi Adler, which has filed numerous ERISA excessive fee lawsuits in the past...

A federal judge determined participant data is not considered plan assets, meaning Fidelity was not a fiduciary with regard to the claims.

More claims were moved forward for the investment consultant than for the plan sponsor.

The underlying lawsuit questions fees paid by participants in BlackRock’s own retirement plan.

The legislation changes the Internal Revenue Code so that more top earners’ compensation won’t be deductible.

The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.