Compliance

The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities. 

An investigation by EBSA found the owner of a laser surgery center in New York to have violated ERISA guidelines regarding company valuation for an ESOP purchase.

The appellate court and district court both agree that Foot Locker did not adequately disclose to participants the possibility of “wear-away” during the transition to a cash balance...

A new ruling has emerged in the long-running case, applying instructions from the Supreme Court and the 9th Circuit to reach a verdict favorable to plaintiffs. 

The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved, according to the American Academy of Actuaries. 

Last month, the agency announced changes to its pre-approved plan opinion letter program.

A judge said the plaintiffs did not allege an injury because, although the purchase price of the stock was allegedly inflated, the stock has not been sold at...

A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico Savings Plan.

FSR says, “access to investment services for investors with modest-sized and small account balances has been, and will continue to be, substantially diminished as a result of the...

Along with its comment letter to the Department of Labor, SIFMA sent study results that showed advisers have reduced access to retirement advice and products.

Many retirement industry providers will be glad to see the DOL is starting to signal a delay in the applicability date of the full new fiduciary rule and...

In addition, the 5th Circuit found a settlement agreement between Singing River Health System and its current and former employees was unfair, as there was no guarantee of...

The denial of the class certification motion goes into some detail regarding what it takes to establish class standing under ERISA.

Groom Law Group attorneys say they have seen an increase in the number of pension plans that have faced possible Office of Foreign Assets Control violations arising from...

However, the single-employer program is likely to eliminate its deficit within the next three to seven years.

The plaintiffs failed to meet pleading standards set forth in Fifth Third v. Dudenhoeffer, a court ruled.

There were thousands of new comments submitted on the fiduciary rule RFI by a variety of parties, from concerned individual investors to the largest recordkeepers and asset managers.

In general, if a covered service provider will continue after the fiduciary rule to provide services only in a non-fiduciary capacity, or has already effectively disclosed investment advice...

On the IRS’ list are rules and guidance for which it still plans to issue a Notice of Proposed Rulemaking (NPRM).

Several states are in the process of debating and potentially adopting their own legislation relating to the fiduciary responsibilities of broker/dealers and investment advisers.