Compliance

Experts say participants, recordkeepers and plan sponsors share responsibilities in making participants whole after experiencing a loss.

Operational bottlenecks are drawing renewed scrutiny as Congress considers opening the $1 trillion 403(b) market to collective investment trusts.

The judge found that even if the insurer failed, the plaintiffs would not experience a reduction in benefits.

According to the Treasury secretary, 7 million children are already enrolled, as officials highlight educational features and expanded funding options.

The Department of Labor urged the court to reject fiduciary breach claims, arguing the plaintiffs’ theory threatens employer flexibility and retirement plan sponsorship.

Osman Nawaz will succeed Waldon as principal deputy director.

With not enough senators at the hearing, the vote on confirmation of Acting Secretary of Labor Keith Sonderling to the full-time post could not take place.

Inspector general tells House panel that weak controls over information-sharing agreements risked public trust and exposed confidential data.

The legislation would put caps on and require distributions for people with massive balances.

Business groups, insurers and states joined the Department of Labor in warning that litigation threatens the pension risk transfer system.

According to the ERISA Industry Committee, a contrary ruling could undermine workplace wellness programs nationwide.

The legislation mirrors a House proposal that has already advanced out of committee, aiming to streamline annual retirement plan reporting.

The bipartisan commission typically makes recommendations, but Congress would have to craft the policy.

The federal court rejected most of the defendant’s bid to end the suit, but abstained from intervening in related divorce proceedings.

The acting secretary of labor testified during his confirmation hearing that Americans ‘deserve a Labor Department that is effective, accountable and responsive.’

Researchers, child welfare advocates and financial experts warned lawmakers that administrative gaps could limit families’ active participation.

The use of forfeitures to offset contributions continues to draw industry support.

The Social Security Administration commissioner and IRS CEO will add another, currently unclear, role, according to the Department of the Treasury.

The deal, if approved by a federal district court in California, would require updates to future pension calculations.

The legislation has stalled in the Senate, as other policy priorities loom before the August recess and midterm elections.