Compliance

A federal judge found plaintiffs failed to correct deficiencies in their original complaint, and a new claim of conflicts-of-interest was unsupported by facts.

The new SEC Chair is calling on retirement industry stakeholders to weigh in on whether the DOL fiduciary rule is helpful or harmful.

A U.S. District Court Judge agreed with Wells Fargo that allegations that the bank breached its fiduciary duty by continuing to invest in its own TDFs when better-performing...

The DOL notes that complying with all fiduciary responsibilities can be especially challenging for small and medium-sized employers who have limited time, resources and access to professional help...

The lawsuit charges that the crediting rate United of Omaha set for guaranteed investment contracts allowed it to receive excessive compensation.

The plan sponsor is accused of failing to leverage its size and sophistication to ensure a fair deal on recordkeeping for plan participants, among other claims. 

Plan sponsors are reminded of the rule's provisions regarding education.

The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other things.

Providers will have to begin complying with provisions of the new DOL fiduciary rule starting June 9, 2017. 

One experienced benefits attorney says he has seen employee stock ownership plans do a whole lot of good for a lot of people during the course of his...

The lawsuit claims FedEx did not apply the formula for calculating pension benefits that USERRA requires for military-member employees whose compensation is “not reasonably certain.”

The DOL fiduciary rule, the rollback of an ERISA safe harbor for state-run plans and the new health care law were mentioned by witnesses in a House Subcommittee...

According to the lawsuit, the company informed a candidate that it did not hire him because it was seeking a candidate who could "maximize longevity."

Participants in plans that purchased guaranteed investment contracts from the Principal say the arrangement has led to prohibited transactions under ERISA.

WestRock RKT Company claims that the amendment violates ERISA because “critical status [multiemployer plans] with valid rehabilitation plans may not unilaterally impose on employers contribution requirements necessary to...

A new bill introduced by Senate Democrats would reestablish an ERISA safe harbor for state- and city-run retirement plans for the private sector—and in a roundabout way the...

Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the plan.

However, one claim for which the motion to dismiss was granted by a federal judge was that the plan offered too many funds.

A significant number of non-monetary settlement terms have been agreed to, including that TIAA will add more non-proprietary investment options to its own retirement plan and reconsider how...

The seminar will take a focus on fiduciary oversight, as well as protecting workers’ benefits.