Compliance

The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of the DOL’s process in creating and implementing a...

Both, one in the House and one in the Senate, have bipartisan support

In issuing a strong ruling to vacate the DOL fiduciary rule expansion, the Fifth U.S. Circuit Court of Appeals is now at odds with multiple other courts that...

“Private employers need to understand that mandatory retirement policies run afoul of the ADEA and will be met with challenge,” says Kenneth Bird, regional attorney for the EEOC’s...

This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a quarterly basis.

A plan sponsor using pre-approved plan documents to restate a plan for the plan qualification requirements included on the 2012 Cumulative List will be required to adopt the...

In addition to a monetary payment of $4.75 million, the bank agreed to non-monetary terms regarding payment and vesting of matching contributions to its 401(k) plan.

A memo says examiners should not challenge a 403(b) plan for violation of the RMD standards for the failure to commence or make a distribution to a participant...

SEC-mandated regulatory filings from Wells Fargo Advisors have triggered state and federal inquiries into whether the firm’s advisers have made inappropriate referrals or recommendations, including with respect to...

A staffing firm sent an email to the applicant telling him he would no longer be considered for a position because he was “born in 1945,” and “age...

In a new case, the Supreme Court said the 6th U.S. Circuit Court of Appeals used the same inferences it rejected in a 2015 decision in M&G Polymers...

The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as a fiduciary to a benefit plan for 13...

The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a new limitation applicable to majority owners.

For an individual with self-only coverage, nothing has changed since the IRS announced limits in 2017.

The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.

Under the proposed legislation, any employer or public official who willfully fails to make contributions to public pension plans can face a sentence as low as a $100...

Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S. university.

In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.

Just as another court did in a similar complaint against John Hancock, brought by the same plaintiffs, the 9th Circuit ultimately found Transamerica was not acting as a...

A blueprint from the Insured Retirement Institute offers a guide for its dialogue with Congress and the Administration about improving Americans’ retirement outlook.