The plaintiffs say the defendants failed to leverage the size of Kellogg’s plan to secure reasonable fees for recordkeeping and managed account services.
The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.
For certain 403(b) plan participants at New Jersey school districts, more choices could facilitate additional retirement strategy personalization, one bill supporter says.
The arguments in the new lawsuit closely resemble those in cases previously filed by plaintiffs represented by the highly active law firm Capozzi Adler.
The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee Retirement Income Security Act lawsuit filed against the...
For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote...
The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and...
Secretary of Labor Marty Walsh also testified in Congress that President Joe Biden’s budget must be implemented to protect workers’ retirement security.
Backers of the bill say it will improve retirement security by creating additional protections for workers and retirement savers at all stages of their retirement timelines.
From shifting compliance deadlines to growing debate on ambitious retirement reform legislation, there is a lot happening in the nation’s capital for retirement plan fiduciaries to be aware...
Attorneys say plan sponsors have a couple of strong incentives to identify and correct any compliance failures upon receiving a pre-audit letter under a new IRS program.
Experts discussed what procedures plan sponsors can put in place and how to encourage participants to do their part in keeping data and accounts secure.
One key takeaway from a panel discussion about DOL and IRS audits: the occurrence of an audit does not necessarily mean a plan is under suspicion of mistakes...
What do ERISA, the SECURE Act and government regulations say about retirement plan sponsors’ duties in offering retirement income strategies to participants?
Retirement security organizations, a nonprofit and the U.S. Chamber of Commerce have submitted comment letters on the discussion draft, which was released last month.