Compliance

Legislation has been introduced that would increase the cap on deferrals and matching contributions for safe harbor plans.

Multinational pharmaceutical company Sanofi is being investigated for possible ERISA violations after continuing to offer company stock as a retirement plan investment option, despite alleged knowledge that it...

A federal appellate court found language in a plan membership letter and beneficiary designation form did not show intent for a nonqualified plan to adopt all terms of...

Under the ACA, if the aggregate cost of “applicable employer-sponsored coverage” provided to an employee exceeds a statutory dollar limit, the excess is subject to a 40% excise...

A number of elected officials have emerged on the side of financial advisers in opposing the Department of Labor’s fiduciary redefinition effort—introducing ambitious legislation to block changes to...

The IRS has updated its website about 457(b) plan submissions to its voluntary compliance program.

The IRS has released a publication to help tax-exempt and governmental entities choose a retirement plan.

An employer’s failure to notify employees that their pension assets were transferred to another plan resulted in a court ruling that it owed pension benefits to employees.

A lawsuit claims the City of Colorado Springs’ termination of Memorial Health System’s affiliation with the state pension system violated state law.

The GAO recommends that the Department of Labor require defined benefit plan sponsors to notify the agency when they offer lump-sum payment windows.

A webcast series from the DOL aims to help increase awareness and understanding about basic fiduciary responsibilities for plan sponsors of retirement or health benefit plans.

A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department of Labor sued over misuse of assets.

A group of retirees should not have received a lump-sum payment from a nonqualified plan at a change in control because they were not “participants” as defined by...

The U.S. Supreme Court heard oral arguments in a case said to be the first excessive 401(k) fee litigation to reach the nation’s highest court.

An attempt by Acting Attorney General of New Jersey John J. Hoffman to find the 2011 pension reform Governor Christie signed into law unconstitutional failed.

Many fear the new definition of fiduciary will make it harder for retirement plan participants to gain access to advice.

President Barack Obama said he expects opposition from special interest groups to the pending fiduciary rule, even though specifics of the rulemaking have not yet been disclosed.

The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...

Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against a single employer in the United States.

The FAQs are addressed to multiemployer plan participants, and provide a summary of certain reform provisions.