Compliance

The Internal Revenue Service uses the Social Security Administration’s taxable maximum to determine the taxable wage base for permitted disparity in defined contribution (DC) plan contributions.

The new delay is for 18 months.

The fund would be used to make loans to multiemployer defined benefit (DB) plans that are in critical or declining status or that are insolvent but not terminated.

Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants to pay an unnecessarily high expense ratio for...

The request regards distress terminations and PBGC-initiated terminations of DB plans.

The guidance for ERISA retirement and health plans follows relief provided by the IRS.

IRS compliance questions have been removed from the form.

In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.

The DOL alleged in all three cases that the firm approved transactions without undertaking the due diligence required of an ERISA fiduciary.

PBGC data shows the multiemployer program had liabilities of $67.3 billion and assets of $2.2 billion as of September 30, 2017.

The association argues that plaintiffs’ claims rely on hindsight, ask Fidelity to “follow the herd” and imply Fidelity should not align its interest with those of 401(k) plan...

House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral position in the minority makes this a tall...

Following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes to deferred compensation arrangements, as well as from...

The agency also issued a reminder that a certain amount of flexible spending account assets can be rolled over to the following year.

The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.

The lawsuit suggests Nordstrom should have offered managed accounts or collective investment trusts to participants in its 401(k) plan.

The suit alleges that defendants “breached their fiduciary duties by causing the plan to invest in funds offered and managed by Franklin Templeton, when better-performing and lower-cost funds...

The court found nothing in the plan document prevented the board of the Computer Sciences Corporation Deferred Compensation Plan for Key Executives to amend the plan to introduce...

The committee's initial focus will be on the corporate bond and municipal securities markets.