Compliance

The update is aimed at clarifying what the law requires of fiduciaries in regards to proxy voting and shareholder engagement in employee benefits plans.

Four previous applications were denied by the U.S. Treasury Department.

According to EBSA, the SeaBoard Management money purchase plan trustees breached their fiduciary duties by failing to take action to recover funds owed to the plan, which were...

One proposed avenue of tax reform would treat the Social Security and Railroad Retirement programs in the same way that defined benefit pensions are treated.

Groom Law Group attorney Saxon writes opinion and advice on the legislative and regulatory changes affecting plan sponsors today.

Among the charges is that, prior to 2011, the plan included too many, and duplicative, investment options.

ERISA lawsuits against retirement plans in 2016 have included new allegations not seen before and have spread to target different types of plans and plan sponsors, and experts...

The Securities and Exchange Commission also charged two broker/dealers in the scheme.

Excessive fees, revenue-sharing, lack of a stable value fund and failing to follow fund selection for participants are among accusations in a lawsuit against the hotel chain’s administration...

The fiduciary rule has shaken up the advisory space, but plan sponsors also need to know what’s in the rule and make plans for how it could affect...

Employees who are unable to set aside money for this year may want to schedule their 2017 contributions soon so their employer can begin withholding them in January,...

“It is important that individually designed plans that contain unique provisions reflective of individual company benefit priorities and culture are allowed to continue,” says ERIC’s Will Hansen.

States were already granted the authority to establish their own IRA programs for private-sector workers; now the largest individual cities are being given the opportunity.

After multiple trips through the district and appellate court systems and consideration by the Supreme Court on multiple occasions, Tibble vs Edison took another step forward today. 

Industry experts share red flags and focuses of DOL and IRS scrutiny of retirement plans.

The legislation would increase the full retirement age for claiming benefits, among other things.

An earlier revenue procedure eliminating the five-year remedial amendment cycle stated that the IRS intended to annually provide a list of required amendments.

A plan sponsor in Chicago was accused of improperly diverting hundreds of thousands of dollars in retirement plan assets. 

As tax reform talks loom in 2017, one Democratic Senator is pushing for “a comprehensive, progressive, pro-growth” approach that would protect the interests of employee benefit plans. 

The president-elect has nominated CKE Restaurants CEO Andrew Puzder as DOL Secretary.