Compliance

Advisers and service providers to defined contribution plans have spent millions of dollars pushing toward compliance with conflict of interest reforms that are now expected to be halted...

An employee at JPMorgan Chase argues the firm's retirement plan fees were not properly controlled and that conflicts of interest damaged performance.

An appellate court said neither party in the case has a serious stake in its outcome anymore, so the statutory issues should be decided by a court in...

The American Benefits Council issued a letter of support for the bill.

A federal court found that no amount of judgements from previous decisions had been satisfied.

The lawsuit calls out Schwab’s use of its own proprietary funds as well as the use of unallocated plan cash.

A direct order from President Trump regarding the fiduciary rule could be forthcoming imminently, and that is likely what it would take for the fiduciary rulemaking to truly...

Even if the DOL fiduciary rule is halted, working in clients' best interest is a "no-brainer," says Joe Ready of Wells Fargo.

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.