Compliance

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. 

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.