Compliance

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.

The PBGC and the IRS have issued requests for information to help them with issuing guidance about the Multiemployer Pension Reform Act of 2014.

The IRS will host webinars discussing the second cycle E determination letter application process and retirement plan loans to participants.

A federal appeals court in Puerto Rico ruled retirement benefits a participant believed were negotiated were not due under the clear terms of the plan document.

The EEOC has filed an age discrimination lawsuit against Seasons 52.

A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own retirement plan.

The largest pension of grocery chain Safeway received $212 million in contributions.

Starting this year, employers of 50 or more full-time employees will have to meet significant new reporting requirements for the Affordable Care Act (ACA). 

A case heard in federal appeals court this week asks whether increasingly common pension risk transfer moves by large corporate plan sponsors are putting retirees at increased risk.

The PBGC will assume responsibility for retirement benefits for Hovensa employees.