Compliance

Former employees alleged that the company had mismanaged its health plan, causing employees to overpay for prescription drugs.

The restraining order was issued days before a nomination hearing for Frank Bisignano, Trump’s nominee for commissioner of the Social Security Administration, is scheduled.

The Employee Benefits Security Administration’s updated self-correction tool launched this week.

The lawsuit claims that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s own benefit.

The company was accused of using an in-house stable value investment that underperforms competitors.

The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its participants.

Janet Dhillon was selected to serve as the next director of the Pension Benefit Guaranty Corporation, pending Senate confirmation.

Monday’s full Senate vote came after President Donald Trump’s pick to head the Department of Labor was cleared by the HELP Committee last month.

The probationary employees and head of the Department of Labor’s Division of Employee Ownership, who were recently terminated, reportedly received notices that their positions will be reinstated.

403(b) plan sponsors face unique challenges when complying with certain SECURE 2.0 provisions, such as long-term, part-time rules and joining a MEP or PEP.

The agency plans to reduce its staff to 50,000 employees, in accordance with President Donald Trump’s executive orders to slash the federal workforce.

Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement plans.

A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than 48,400 retirement plan participants.

ERISA attorneys review what the law and a decade or more of case law require of plan sponsors.

Federal advisory committees have become targets in President Donald Trump’s efforts to downsize the federal government.

The Senate Committee on Health, Education, Labor and Pensions cleared President Donald Trump’s nominee to head the Department of Labor, advancing her to a full Senate vote.

After a hearing on Wednesday, the committee seeks feedback on several legislative proposals, including one that would allow 403(b) plans to invest in collective investment trusts.

The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.

The third-party call center representative improperly accessed personal data of retirement plan participants between December 2024 and January 2025.

Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive recordkeeping fees, offering underperforming investments and under-utilizing forfeiture...