Compliance

The agency issued a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination.

The former president and COO of the now-defunct Faribault Woolen Mills Inc. must pay $55,000 in restitution and more than $12,000 in interest.

U.S. Senators Ben Cardin (D-Maryland) and Rob Portman (R-Ohio) previously introduced legislation to address church retirement plan issues in 2013.

The agency will share examination program priorities for the new year, among other things.

The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending COLAs for retirees.

ERISA attorney David Levine discusses the challenges for, and potential positive outcomes from, DOL guidance about state-run retirement plans for the private sector.

One career actuary tells PLANSPONSOR pension plan clients have voiced a range of strong emotions—even a sense of betrayal—after yet another round of PBGC premiums hikes was announced. 

The multiemployer program deficit is $52 billion, and the single-employer program deficit is $24 billion.

The hearing will specifically address rules concerning the participant vote on an approved suspension of benefits under MPRA.

States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.

An appellate court found State Street’s process to review the GM stock investment was prudent.

The Internal Revenue Service is implementing new market rate of return rules for hybrid pension plans.

However, in a statement of non-opposition filed with the court, Novant said it disagrees with the claims.

Congressional representatives seek to protect retirement investors and stall DOL fiduciary rule.

BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its retirement plans.

PLANSPONSOR reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.

A New York Congresswoman's bill would require more disclosure about hedge fund holdings.

 

The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details emerged this week as both parties agreed to...

Employees can set up payroll deductions to fund their “my Retirement Account.”

Participants in an ESOP that purchased shares with a loan from the sponsoring employer made allegations that were not backed by evidence, a court found.