Compliance

An appellate court first discussed where the burden of proof lies in ERISA cases.

In addition, Acosta said the DOL’s budget proposal funds an effort to improve ERISA disclosures to retirement plan participants.

The text of the complaint takes a deep dive into the services generally provided by recordkeepers and administrators of ERISA plans—pushing the conclusion that asset-based fees are less...

The agency says resolutions passed by the president invalidate its earlier final rules.

The lawsuit claims fiduciaries of the Waddell & Reed 401(k) plan breached their fiduciary duties and engaged in prohibited transactions in the selection of the plan’s investment lineup.

The strongly worded complaint says the plan fiduciaries “utterly abdicated their fiduciary duties to act prudently and loyally” by turning the plan over to TIAA and Vanguard Group.

Voya Retirement Advisors was found not to be an ERISA fiduciary with respect to its compensation in an agreement with Nestle’s 401(k) plan.

The suit accused the firm of engaging in imprudent investment strategies for the Fidelity Group Employee Benefit Plan Managed Income Portfolio Commingled Pool (MIP). 

A district court ultimately found that since plaintiffs did not establish a case in which a particular fiduciary breach caused a loss to the plan, their arguments fail.

The plan sponsor was criminally prosecuted and pled guilty to embezzlement in June 2016; she was ordered by EBSA to make restitution to restore losses to the plan.

Sponsors of the bill, including both Democrats and Republicans, say it will benefit low- and middle-income workers hoping to augment their long-term retirement savings.

Plaintiffs say the settlement agreement “provides an excellent recovery” for class members, paying them “100% of their losses.”

The lawsuit claims plan participants paid excessive investment and recordkeeping fees and alleges the plan’s loan program violated ERISA prohibited transaction rules.

The agency claims that the production superintendent who terminated the foreman also made ageist comments regarding the foreman’s co-workers, including repeated remarks about being "too old to do...

Plaintiffs attempt in their complaint to establish that fraud was at least potentially occurring, and that this should have been enough to prevent plan fiduciaries from continuing to...

Capital Group is accused of selecting and retaining its own affiliated investments in its 401(k) plan to the benefit of the firm and its subsidiaries.

As people are living longer and wanting to work longer, witnesses at an EEOC meeting about the ADEA made suggestions about how regulators and employers can reduce age...

While HSAs aren’t traditionally thought of as a retirement vehicle, the DOL broadened the scope of conflict of interest rules to include these plans due to their long-term...

The time for evaluating a provider can also be opportune for revisiting services, fees and investment options.

An EEOC lawsuit charges that a college passed up a 66-year-old adjunct professor for a full-time faculty position in favor of two younger, less-experienced candidates.