Compliance

Among other things, the lawsuit says the Equal Employment Opportunity Commission failed to adequately justify its reversal of position and ignored comments on the proposed rules that expressed...

If a retirement plan pays an ex-employee less than its vesting schedule required, it could lose its qualified status.

A retirement plan can allow a victim of Hurricane Matthew to take a hardship distribution or borrow up to the specified statutory limits from the victim’s retirement plan,...

Increases in the premiums for defined benefit plans was provided for in the Bipartisan Budget Act of 2015.

The overpayment caused a direct loss to the plan and constituted a prohibited transaction under the Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL) alleges.

Statement 74 addresses financial reporting for postemployment benefit plans other than pensions.

A federal judge found that allegations regarding the assessment of excessive fees from which defendants stood to gain are sufficient to support the inference that the process used...

According to plaintiffs, a refusal to purchase company stock is not a “transaction” within the meaning of insider trading prohibitions and would not have required any independent disclosures. 

In two completed projects, the IRS found some 403(b) plans are making W-2 reporting errors, and some retirement plans were not properly vesting participants during a partial termination....

Reconsidering its previous decision in light of a Supreme Court ruling, the appellate court again found a lead plaintiff did not allege an injury-in-fact.

In the new ERISA lawsuit, plaintiffs allege that plan fiduciaries knew well in advance about the problematic sales practices that have come to light in the last month.

The plaintiffs in the case only opposed the dismissal of one executive, and a federal district court found he was not a fiduciary to the plan.

$150 million in pension contributions will go to the company’s two largest pension plans.

Among other things, a federal appellate court found rolling back items implemented in Detroit’s bankruptcy plan would harm countless third-parties, including the city.

A court found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions, but forcing participants with balances greater than $5,000...

A federal district court found the lead plaintiff in the case did not allege he suffered an injury.

B.C. Inc. restored nearly $150,000 to its 401(k) plan.

The lawsuit alleges fiduciary breaches for holding 401(k) plan assets mostly in one company stock and notes that the plan’s trustee had “no meaningful expertise” in portfolio management.

The webcast will provide answers to many of the questions the IRS received following its May 19 webcast titled Understanding the Universal Availability Rules in a 403(b) Retirement...

A new revenue procedure addresses changes to the determination letter program, changes to the Audit Closing Agreement Program and modification to user fees.