Compliance

Instead of establishing an individual retirement account at a financial institution for each missing participant account, more plans would have the option of transferring benefits to PBGC. 

A U.S. District Court found the true fiduciary to the transaction did not breach its fiduciary duties and ruled for defendants on all claims.

A retirement plan participant accuses a well-known plan provider of delivering “no material services” in connection with certain advisory fees. 

Bruce Ashton, partner at Drinker, Biddle and Reath LLP, shared his thoughts at the 2016 PLANADVISER National Conference about what the outcome of the presidential election could mean...

The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored both the administrative and investment committees.

Due to recent storms and flooding in Louisiana, the DOL has relaxed rules for contributions and loan repayments, blackout notices and health plan compliance.

Federal agency says long-term employees were fired or forced to quit because of their ages.

While some Roth IRAs hold tens of millions of dollars, as of 2013 the median account value was $25,000. 

Rather than a single-sum payment, the IRS believes many participants are better served by having the opportunity to elect to receive a portion of their retirement benefits in...

The appellate court in California said public employees have a “vested right” to a pension that is a “reasonable” pension—not an immutable entitlement to the most optimal formula...

GAO gave the DOL seven recommendations to address 401(k) plan sponsors’ fear of offering lifetime income options in their plans.

The Senate Special Committee on Aging heard about the Bipartisan Policy Center (BPC) Commission's recommendations that could increase and improve retirement savings.

A brochure includes a checklist for government DC plan sponsors.

The notice also includes a modified unisex version of the mortality tables for use in determining minimum present value for distributions.

Retirement plan service providers are putting their heads together on solving retirement account portability issues. 

A court said since the amount owed to the 401(k) plan was due to the fiduciary not performing his duties to the 401(k), it is non-dischargeable under bankruptcy...

A now-defunct medical research company failed to remit employer and employee contributions to the plan between 2010 and 2013.

An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....

The IRS has moved to allow plan participants impacted directly by historic flooding in Louisiana to utilize retirement savings in the recovery effort.  

The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.