Compliance

Just one out of a number of allegations included in two ERISA lawsuits against SafeWay have been ruled untimely, allowing both cases to proceed.

The court found trustee Wilmington Trust “rushed its evaluation of the ESOP, failed to follow its own policies, and failed to adequately vet [other valuators’] conclusions.”

The seminar aims at increasing awareness and understanding fiduciary duties when operating a retirement plan. 

Many of the recent legal challenges may appear similar on their face, but the underlying allegations can vary significantly in terms of how they actually apply and test...

For one thing, the participant contends the ESOP portion of the plan should have been invested in the sponsoring company’s stock, not Chesapeake Energy’s stock.

An appellate court agreed employees of a company sold from Anheuser-Busch’s controlled group of companies were entitled to enhanced benefits, but disagreed with a lower court that calculation...

The Board says it is issuing the update primarily to improve the presentation of net periodic pension cost and net periodic post-retirement benefit cost.

The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee stock ownership plan. 

The 8th Circuit said the district court put too much weight on its statements about calculating damages.

While a couple of Insperity defendants’ motions to dismiss were granted, most were denied.

Plaintiffs had alleged their employer falsely claimed church plan status for its retirement program. 

PBGC explains the additional funding and security for the company's defined benefit pension plans is being provided in connection with the sale of Sears' Craftsman brand to Stanley...

Based on the facts alleged in an amended complaint, the court “concludes that TIAA is not a fiduciary of the plans, thus foreclosing the legal and equitable relief...

The text of the suit offers a detailed look at the investment menu offered to JP Morgan employees, as well as the way fees for the plan have...

Those standing in favor of state-based IRA programs include many retirement plan advisers and other service providers. 

A new bill is aimed at implementing a state-based rulemaking process that will require any person who enters into a service contract or agreement with a 403(b) retirement...

The resolution states Congress disapproves the rule submitted by the Obama-era DOL related to savings arrangements established by qualified state political subdivisions for non-governmental employees.

Plaintiffs argue that, instead of acting for the exclusive benefit of the plan and its participants and beneficiaries, “defendants acted for the benefit of themselves,” by favoring JP...

Covered in the guide are such subjects as the Form 5500, annual zone status certification, various forms related to distributions paid, Form 5330, safe harbor notices and many...

The move from DOL this week was not an extension of the applicability date of the fiduciary rule, just a proposal to extend it; there still needs to...