Compliance

A net settlement fund of approximately $4.345 million will be divided among eligible class members, according to attorneys for the participants in Avon’s defined contribution retirement plan.

This year, Social Security will spend $15.7 billion more than it collects in taxes.

The settlement agreement orders the fund to adopt a new selection policy and engage in a new search process.

The appellate court concluded the Ohio pension fund plausibly alleged facts to support its claims.

A federal appellate court found the consultant was not acting as a plan fiduciary.

The fund had an annual costs of 35 bps per year in the plans being targeted by the latest self-dealing lawsuit.

Plaintiffs say the “artificial inflation of the company stock price” made Target shares a bad investment for the ESOP. 

Checksmart and its investment adviser, Cetera Advisor Networks, have been specifically targeted over fees of risk-based asset allocation funds in Checksmart’s 401(k) plan.

A federal district court found that, although the confirmed reorganization plan for the company was ambiguous as to whether ESOP participants could sell shares, a bankruptcy court was...

The senators say the rules issued by the EEOC contradict existing rules in the ACA.

Berkshire Hathaway’s decision to freeze a subsidiary’s pension plan will get another look in district court. 

The bill aims to eliminate the motivation for legislators to raise PBGC premiums.

The bill would require employers with 10 or more employees that do not already offer a retirement plan to contribute 50 cents per hour worked, per employee, to...

In the complaint, the plaintiff suggests several actions Target could have taken when it knew or should have known its stock price was artificially inflated.

An appellate court ruled that the float income incurred when making distributions to retirement plan participants are not plan assets.

The upcoming webcast will detail major changes to the IRS determination letter and remedial plan amendment programs being implemented January 1.

DB plan sponsors requesting a determination letter should identify whether the plan has risk transfer language.

The seminar is coming to Milwaukee, Little Rock and Newark.

Regulators including the DOL, PBGC and IRS are seeking to update the reporting requirements related to the Form 5500 filed by private-sector retirement plans. 

The former pilots claim the agency shortchanged their benefits to hold on to assets in order to earn investment returns to improve the agency’s financial situation.