Compliance

American Century must produce profitability, expense and performance reports created under provisions of the Investment Company Act for all the funds in its retirement plan.

At least one judge on the three-judge panel that has been assigned to the case seemed to have little sympathy for the basic strokes of the DOL’s arguments.

The department said demand for and investment in the myRA program has been extremely low.

The bill creates a new 401(k)-style defined contribution plan with an automatic employer contribution of 4% of the employee’s salary.

MagnaCare has been ordered to return at least 14.5 million to ERISA-covered health benefit plans.

Retirement plan industry stakeholders are asked what objectives and projects the pension insurance agency should prioritize in the years ahead. 

During an interview, a job candidate who was older than 40 was told the employer had concerns he may not have a long tenure with the agency.

The proposed Implementation Guide provides answers to questions intended to clarify, explain, or elaborate on the requirements of GASB Statement No. 75, and addresses a limited number of...

At various times between 2006 and 2009, according to EBSA findings, the plan was 100% invested in stock warrants. 

The DOL is still seeking information from DC industry providers and stakeholders regarding potential new and amended administrative class exemptions from the prohibited transaction provisions of ERISA. 

The NCCMP will pursue enactment of legislation for a new composite plan for multiemployer plan sponsors, among other things.

The DOL said employers can either follow the safe harbor practices for group insurance plans or follow six guidelines.

The business owner tried to blame other employees until she met with a DOL investigator.

The lawsuit alleges that even if the plan required that Sears Stock be offered, the plan’s fiduciaries were obligated by law to disregard that directive once it became...

Lawmakers sent a letter to the DOL Secretary asking for guidance on auto-portability as soon as possible.

The Affordable Retirement Advice for Savers Act seeks to repeal the fiduciary rule and clarify what should and should not be considered fiduciary advice in the retirement planning...

The lawsuit unsuccessfully alleged Voya does not disclose to its retirement plan clients and their respective participants the amount of stable value fund spread it collects.

The MPRA permits the sponsor of a multiemployer defined benefit plan in critical and declining status to suspend benefits in certain situations.

EBSA says investors’ dollars, including ERISA-covered assets, were diverted to pay for home renovations, personal credit card payments and mortgage payments. 

The founder of an investment company has pleaded guilty and been sentenced.