Compliance

Among other things, a federal court determined that, although the plaintiff signed a release of claims when terminated, the claims on behalf of the plan could not be...

The case involves a complicated leveraged buyout of an ESOP that left participants with worthless stock.

On the high-level question, “Is every communication with a financial adviser about retirement accounts a fiduciary recommendation?,” DOL answers simply, “No.”

Under the proposal, employer contributions to a plan would be able to qualify as QMACs or QNECs if they satisfy applicable nonforfeitability and distribution requirements at the time...

When the agency established a pre-approved plan program for 403(b)s, it allowed for a remedial amendment period to retroactively correct plan operational failures.

The agency regularly monitors single-employer DB plans for signs of potential distress.

“After April 10, advisers who are paid to make recommendations about retirement accounts, such as individual retirement accounts [IRAs] and 401(k) accounts, will be treated as fiduciaries,” DOL...

The lawsuit also alleges the defendants did not collect delinquent outstanding loan repayments owed to the retirement plan.

The company has agreed to pay $4.5 million to resolve a lawsuit alleging it failed to drop the company stock fund from its retirement plan after it was...

According to its author, the legislation will “delay the implementation of a job-destroying rule … giving Congress and President-elect Donald Trump adequate time to re-evaluate this harmful regulation.”

The guidance outlines how plan sponsors must use the My Plan Administration Account portal to electronically submit premium filings in accordance with PBGC’s regulations.

The lawsuit alleges the price at which shares of the ESOP were sold was artificially inflated.

A court found Prudential was not acting as a fiduciary and an employer’s 401(k) plan menu and use of an investment selection tool were appropriate.

The agency wants to hear about issues involving a two-pool withdrawal liability method.

So called “stock drop” litigation remains a concern for many in 2017, but recently some employers have posted key court victories and successfully defended their ESOP investment decisions. 

A federal judge found AARP did not prove irreparable harm to its members and is unlikely to succeed on the merits of its case.

Using a relevant Supreme Court decision, a federal district court judge found there was no genuine issue of material fact showing agreements with unions promised inalterable lifetime health...

The complaint says having different recordkeepers for a traditional DC plan and a 403(b) plan caused participants to pay too much for services.

In response to a question about TIAA’s Income for Life Custom Portfolios, the Department of Labor noted that in the preamble to its QDIA regulations it said other...

These proposed regulations would update the mortality tables used to determine minimum required contributions for single-employer plans.