Compliance

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.

Employees will be defaulted at 3% of salary into “a personal retirement plan, with the option to opt out or change contributions at any time.”

A court ordered the investment manager to pay losses to the plan as well as pay back investment management fees.

A federal appellate court found that while plaintiffs claimed to have met new standards in their amended complaint, they did not offer facts to support their allegations.

The lumber producer made changes to its health care plan, falling out of “grandfathered” status under the ACA, but kept administering it as a “grandfathered” plan.

Among other things, a federal district court held that “appropriate equitable relief” under ERISA Section 502(a)(3) may extend to remedy inequitable conduct pertaining to a supposed waiver of...

The SEC says whether offering a brokerage window in a 401(k) through which investments in employer securities can be made involves an offer of employer securities requiring Securities...

Many of the retirement challenges Americans face could be addressed by the current defined contribution (DC) plan system, if lawmakers move to effect changes, providers contend.

An appellate court agreed with a district court that Dignity Health’s pension plan was not a “church plan” under ERISA, and ordered it to get into compliance with...

The electrical equipment company failed to remit employee contributions and loan repayments to the plan as well as to make prevailing wage contributions.

The court found the program was subject to ADA scrutiny, but also that the wellness plan was lawful under the ADA because it concluded the employee's decision whether...