Compliance

Previously, the IRS said a plan can request a determination letter only if it has never received a letter before; the plan is terminating; or the IRS makes...

In his opinion, the district court judge says an ERISA complaint of this nature does not need to describe in exhaustive detail the ways in which plaintiffs believe...

The Board is asking for comments on the implementation guide for Statement No. 84, which provides guidance regarding what constitutes fiduciary activities for financial reporting purposes, the recognition...

The complaint suggests Transamerica continued to offer proprietary portfolios when their rates of return were meaningfully below stated long-term benchmarks.

A final rule adjusts penalties for inflation.

Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act (ERISA) in federal district court since 2009, according to Lex Machina, a LexisNexis company; fewer...

Many industry groups that submitted comments to the DOL argued that the plain language of Section 3(5) of the Employee Retirement Income Security Act (ERISA) indicates non-related employers...

“Saxon Angle” from PLANSPONSOR magazine touches on timely issues of the day. 

Plan sponsors faced another year of rapid regulatory change in 2018, with important developments coming out of the DOL, IRS and other federal government agencies.

In a case that alleges, among other things, that defendants breached their ERISA duties by offering a money market fund rather than a stable value fund as a...

The lawsuit claims the Kentucky Retirement Systems (KRS) lost money on more than $1.5 billion in hedge fund investments in recent years, although its own advisers privately urged...

The ERISA Advisory Council is asking the DOL to provide guidance on how plan sponsors should evaluate the cybersecurity risks they face and to require them to be...

MetLife has been accused of failing to take sufficient measures to locate annuitants, declaring them dead and transferring the assets for their benefits to the firm.

The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository could potentially satisfy its obligation to verify the...

The early financial assistance from PBGC, together with benefit reductions that are required as a condition for receiving assistance, will help a Pennsylvania union pension plan avoid insolvency.

The action is in response to a federal court decision vacating the incentive portions of the rules.

Among some 50 other provisions aimed at improving retirement readiness in the U.S., the bill substantially increases the tax credit under current law for small businesses that adopt...

The text of a new ruling on GE defendants' summary dismissal motion steps through complex issues of timeliness that are being tested in other ongoing ERISA cases.

The Retirement Parity for Student Loans Act would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were...