Compliance

The Employee Plans unit will be issuing more compliance checks and reviewing submissions for pre-approved plan documents.

A federal court has weighed in on what “the highest contribution rate” means in the calculation of a multiemployer plan member’s withdrawal liability.

The bank, which pled guilty to criminal charges last year, applied for an exemption that would enable it to keep its status as a qualified professional asset manager.

April 30, 2016, is the deadline for employers using pre-approved retirement plan documents to sign an updated version of their 401(k), profit-sharing or other defined contribution retirement plans.

The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.

The DOL says a defunct company started plan termination procedures, but failed to complete the termination before ceasing operations.

The organization claims most large employers do not use predetermined or “off the shelf” retirement plan documents.

Amend ERISA pre-emption to expand private-sector coverage, argues a new report from the GAO. 

The agency accuses the fire company and several Long Island towns and villages with preventing older workers from earning credits toward a pension-like program.

Modest improvements show in solvency of multiemployer and single-employer programs

The resource is for companies that fit the definition of “applicable large employer.­”

The EEOC accused the firm of firing two employees when they reached age 62.

A survey of institutional asset managers highlights persistent uncertainty and lack of preparedness around pending SEC money market reforms.

The appellate court determined a district court did not properly review successorship factors.

A court found a pension plan’s SPD materially conflicted with the plan document, so a participant who expected to receive certain benefits can seek relief.

DOL says the proposed rule has been sent to the Office of Management and Budget.

Retirement plan sponsors are usually not experts in compliance, while advisers and consultants are, so sponsors may want to rethink how they engage advisers.

Certain notices to the PBGC must now be filed electronically.

Mercer has published the top 10 compliance-related issues health benefit plan sponsors should address in planning for the upcoming year.

The IRS published procedures for plan sponsors to request a waiver of the electronic filing requirements for Form 8955-SSA and Form 5500-EZ.