Compliance

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.

The IRS invites public comments and suggestions about guidance.

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her account.

The agency notes that there are no scheduled increases (other than indexing) for years after 2019.

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...

In dismissing the case a federal judge said, “ERISA does not require clairvoyance on the part of plan fiduciaries” and that the plaintiffs “come nowhere close to alleging...

“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.

The complaint strongly points to revenue sharing payments between the plan and its recordkeepers and investment adviser, and says the plaintiff expects more excess to be revealed in...

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.

With New York being an influencer, some say it will prompt other states to do the same.

Revenue Procedure 2019-39 also provides a limited extension of the initial remedial amendment period for certain form defects.

Starting today, association retirement plans can be offered by groups of employers in a city, county, state, or a multi-state metropolitan area, or in a particular industry nationwide.

The agency will consider payments prior to plan terminations when calculating benefits, and it proposed to change its assumptions for determining lump-sum payments, which means a change for...

The decision agrees with the defense argument that the plaintiffs have failed to plausibly allege a violation of ERISA’s anti-forfeiture provision, because the provision applies only to “normal...