Compliance

Plaintiffs allege that Edward Jones and its officials breached their fiduciary duties failing to prudently and loyally manage the company's retirement plan investments.

There is a question whether retirement policy is a priority for president-elect Donald Trump, but there are many proposals out there for his administration to consider.

“Automatic Enrollment 401(k) Plans for Small Businesses” can be used by sponsors of automatic enrollment 401(k) plans to educate themselves about how to operate the plan and stay...

A federal court also determined the 401(k) plan sponsor did not provide a required independent financial audit along with its Form 5500 reporting for several years.

Participants in three Ford Motor Company retirement plans suggest their adviser and recordkeeper are permitting excessive fees to be charged to participant accounts. 

IRS agents discussed student exclusions, the less-than-20-hours-per-week exclusion, eligibility for employer contributions and the once-in-always-in rule.

Early commentators warn anything is possible, but there may be some relief coming on the strict contract and recordkeeping requirements in the DOL fiduciary rulemaking.

The proposal would require reporting the service cost component of retirement benefit costs separately from other components.

The Equal Employment Opportunity Commission says the Houston-based restaurant chain violated hiring laws by permitting intentional age discrimination in “front house” positions. 

In particular, the IRS addresses applicability of final hybrid plan regulations to implicit interest PEPs.

The text of the defeated complaint shows insurance providers are clearly worried about potential consequences of the DOL fiduciary rulemaking.

The agency has announced the availability of Issue Snapshots and has updated two fix-it guides.

The agency encourages plan sponsors to use the sample language contained in the package.

A federal court has ordered the fiduciaries to restore losses to plan participants.

The IRS says retirement plan sponsors can still skip some compliance questions on the form.

The Department of Labor has added to the compliance relief already provided by the Internal Revenue Service for retirement plan sponsors.

As part of its support, NTSA developed a fiduciary education program that will be available to its members later this year.

Other limits also remained unchanged according to an IRS Notice, but the annual 415 limit increased.

The parties in the case reached a settlement following an appellate court’s conclusion that only a church can establish a church plan.

The third complaint suggests defendants should have pushed for disclosures that would have corrected the company stock price.