Compliance

A 2019 version of the popular “RESA” legislation has been reintroduced in the Senate, which has published a helpful section-by-section summary of the sweeping retirement reform proposal.

2019 items for which plan amendments may be needed include changes to hardship withdrawal regulations, retirement plan relief for victims of 2018 hurricanes and nondiscrimination relief for closed...

A district court has determined that the Department of Labor’s 2018 final regulations on association health plans are unlawful. 

The appellate court decision tests ERISA’s restrictions on transactions between fiduciaries and non-fiduciary third parties, referred to as “parties in interest.”

The new legislation includes the core provisions of H.R. 1007, the Retirement Enhancement and Savings Act. 

Murray and Wyden’s letter to the IRS and Treasury asks why employers will be permitted to offload pension liabilities and transfer risk to retirees.

The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping RFP; the final settlement includes $55 million in...

In a ruling in favor of a health benefit plan sponsor, a federal court judge lays out prudent processes the sponsor took to select and monitor service providers...

The updated mortality improvement rates and static tables apply for purposes of calculating a defined benefit (DB) plan’s funding target and other items for valuation dates occurring during...

The parties anticipate that they will be in a position to submit a formal settlement motion to the court within 45 days.

Fidelity is accused of charging an illegal and undisclosed pay-to-play fee that Fidelity extracts from investment companies that wish to ensure their products are marketed and sold through...

The Pension Accountability Act is designed to give workers and retirees “a seat at the table” when a looming multiemployer pension bankruptcy may require major pension cuts, U.S....

Among other things, they say Putnam exaggerated the Circuit split regarding who bears the burden of proving loss causation and it filed its petition prematurely because a final...

The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to three public pension fund boards.

A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme Court’s decision in Fifth Third v. Dudenhoeffer.

The settlement agreement calls for a $3.5 million payment from Brown, as well as non-monetary relief.

A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary duty could have a big influence on how...

A federal judge made this decision in allowing Massachusetts Institute of Technology’s motion to strike plaintiffs’ demand for a jury trial in a suit alleging breach of fiduciary...

The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the judge as not being fully relevant or credible.

The IRS had previously put a halt to the practice of defined benefit (DB) plan sponsors offering lump-sum windows to retirees in pay status, saying it intended to...