Among other things, items on the cumulative list include changes related to the Supreme Court DOMA ruling, hardship withdrawal changes and regulations for statutory hybrid plans.
A federal court judge found no impermissible reference to or connection with ERISA plans in the statute establishing California’s state-run auto IRA.
The firm has also agreed to offer non-proprietary ETFs in its 401(k) plan’s self-directed brokerage account.
A new bill in the U.S. Senate would require pension plan sponsors to provide plan participants and retirees with certain ‘critical information’ when offering lump-sum buyouts.
A national automatic savings plan would be a strong possibility, multiemployer plan sponsors could end up in a worse crisis and nonqualified plans would face a big disruption.
Defendants in an excessive fee case point to an appellate court decision that found "the fact that fiduciaries did not select the cheapest investment does not plausibly suggest...
The decision emphasizes that the use of hindsight to judge the prudence of fiduciaries’ investment decisions is impermissible under ERISA.
Details of the settlement in the first case of its kind to call into question the cybersecurity defenses a plan sponsor and its providers had in place for...
Similar to the plethora of ERISA excessive fee fiduciary breach lawsuits that have been filed in recent years, this one suggests the plan failed to use its bargaining...
Contents of the DOL’s Getting It Right – Know Your Fiduciary Responsibilities seminar will be presented via three different webcast sessions.
The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual report for the CMG pension plan.
New processes and systems can cut costs for plan sponsors, streamline the work and allow for any discrepancies to be caught earlier.
Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling in Intel vs. Sulyma.
The lawsuit says the plan ‘inexplicably failed to select these lower fee-charging and better-return producing share classes.’
Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan sponsors face in fiduciary breach lawsuits.