Compliance

SEC Chairman Gary Gensler offered a spirited defense of the swing pricing proposal in a conversation with ICI’s Eric Pan.

Six former employees lost their lawsuit against the auto parts company, that claimed it allowed 401(k) participants to pay excessive recordkeeping and investment fees.

The proposal would provide the needed changes to securities laws that were missing from SECURE 2.0.

The letter did not outline a timeline but identified four technical errors and ambiguities to be fixed.

The clearinghouse alerted more than 10,000 people that private information, including IRA account data, may have been stolen.

Among current U.S. workers, retirement confidence fell by 9 percentage points, the largest drop since a 10-point slide in 2009.

A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of COVID-19 economic shocks.

The IRS announced a second consecutive significant increase to health savings account contribution limits in its response to continued inflation.

Government plans will struggle to comply with SECURE 2.0 because of their administration requirements.

Employers expect to return employee well-being benefits to pre-COVID levels in 2024, bringing back yoga, meditation classes, Fidelity and Business Group Health research shows.

The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to ERISA.

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.

The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when they would otherwise be disqualified for a litany...

A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best interests of participants.

Social Security benefits, which have been partially taxed since 1984, would be exempt once again if the Kentucky representative’s bill passes.

Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make sure participants understand the new normal.

The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive fees, the complaint alleges.

The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because of the hard-close provision.

Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.