Compliance

A federal court judge refused to dismiss the case, finding that the new claim was not a released claim in a previous lawsuit settlement and the plaintiffs had...

The OMB has received for review a proposed rule from the DOL aimed at reducing costs and improving participant understanding of retirement plan disclosures.

The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more.

A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable...

The 9th Circuit has ruled that Supreme Court decisions show forced arbitration is in fact permissible in the context of Employee Retirement Income Security Act litigation.

The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags that appeared in the appraisal of the stock...

The IRS says that, as published, its Notice of Proposed Rulemaking (NPRM) contains errors which may prove to be misleading and need to be clarified.

As with legislation introduced previously, employers without retirement plans would be required to automatically enroll employees into an IRA at a 3% default deferral rate.

A Revenue Ruling addresses whether an individual’s failure to cash a distribution check received alters the employer’s obligations with respect to withholdings and reporting under the Internal Revenue...

Courts should “recognize that Congress and the SEC have already made a judgment about when a public disclosure would do more harm than good, and prudent fiduciaries should...

Cantor Fitzgerald & Co. and BMO Capital Markets Corporation will pay to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs).

Retirement plan fiduciaries at Intel are accused of failing to properly monitor and evaluate “unconventional, high-risk allocation models” adopted within the company's custom target-date funds.

The lawsuit alleges the act that created the Secure Choice program “violates the Supremacy Clause of the United States Constitution because it is expressly preempted by the Employee...

The complaint says the target-date funds used in the plan and as the designated default investment were underperforming from the time they were selected, resulting in a great...

An appellate court affirmed a District Court’s judgement that because Caesars Entertainment continues to contribute to a multiemployer plan for engineering work at three remaining casinos, it is...

The Uniform Services Employment and Reemployment Rights Act (USERRA) requires that returning service members, on reemployment, be treated as though they did not have a break in civilian...

The court decision highlights the difficulty in determining the fiduciary status of parties and of making claims for equitable relief based on allegations that ESOP stock purchases were...

The court decision in Lutz v. Kaleida Health reviews what it takes to be a retirement plan fiduciary and acknowledges that plaintiffs in ERISA litigation do not have...

The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing the plan’s existing investment structure.