Compliance

The lawsuit claims that when Kodak filed for bankruptcy protection in January 2012, it failed to take action to protect retirement plan participants from financial loss.

The agency contended Invesco Trust Company failed to inform retirement plan investors of efforts to bolster the value of its Short-Term Investment Fund.

The new page on the IRS website includes a new correction method for retirement plan sponsors who miss the restatement deadline.

The final rule includes limitations on suspensions, requirements for benefit improvements, notice requirements and details of the approval or rejection process.

Bipartisan legislation already advancing in the U.S. House of Representatives suggests imposing a best interest standard through changes in the law, rather than through a cumbersome contractual regime,...

PBGC director says penalties “should be no more than necessary to encourage timely payments.”

A district court found the requirement to allege an alternative action in a stock drop case applied to participants in a closely held company’s ESOP.

One veteran retirement plan adviser predicts the real impact of the new DOL fiduciary rule will take shape over the long-term—and firms' initial attempts at compliance may not...

The court found the employer, not the participant, had access to key information to prove the participant was entitled to pension benefits.

The suit seeks a court order requiring The Leiter Group Attorneys and Counselors Professional Corp. and the firm's president to restore all losses to the plan’s participants.

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.”