Compliance

James Brunk and Brunk Industries Inc. will restore $95,000 to the company’s 401(k) plan.

Fourteen percent of retirement plan providers surveyed by SPARK Institute believe they will become an ERISA fiduciary for the first time under the new regulations.

The webcast will address treatment of adjunct faculty at universities and treatment of part-time, seasonal and temporary employees, among other things.

The EEOC says the city chose a less qualified applicant rather than more qualified applicants older than 50.

While it is not illegal to administer retirement plans in-house, a lawsuit filed by the Labor Department in 2015 alleged excessive fees were charged to plan participants as...

Experts say plan sponsors will see an expansion of fiduciary services, and sponsors and participants will be offered more information to help them make informed decisions.

Three senators introduced a resolution to stop the DOL’s new fiduciary rule, which they say will make retirement planning unaffordable for low- to middle-income Americans.

The agency announced seminars in five locations across the country.

The final fiduciary rule is aimed at advisers, but plan sponsors will be affected by changing relationships with providers, communication to participants and more.

“The Pension and Budget Integrity Act simply moves these premiums ‘off-budget,’ and ensures that Congress is raising premiums only if and when it is appropriate.”

The case had been remanded to an appellate court after a Supreme Court decision.

An investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration found Interactive Marketing Group failed to formally terminate a profit sharing plan after the company...

Rules affecting cross-tested plans were included in proposed guidance providing nondiscrimination testing relief for certain DB plans.

It appears that non-fiduciary investment education will still be available under the DOL’s final fiduciary rule, though with some important caveats compared with the current rules. 

The attorney’s alleged contempt arose from a lawsuit against Herbert Bruister and others for various breaches of fiduciary duties that caused $6.5 million in losses to pension plans...

The DOL won a consent judgment and order valued at $1.1 million on behalf of participants in a Gruber Systems Inc. employee stock ownership plan. 

A federal district judge denies motions to dismiss in both cases.

The new GASB statement addresses practice issues raised by stakeholders during implementation of previous statements for financial reporting for government pension plans.

A federal district court found private equity funds that owned a bankrupt company are responsible for that company’s multiemployer pension plan withdrawal liability.

A partial settlement has been reached in a stock drop case filed against the RadioShack company and its retirement plan trustees.