Compliance

August 21, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has updated a web page explaining retirement plan sponsors’ options for automatically increasing participants’ deferrals.

August 20, 2013 (PLANSPONSOR.com) – The trustees of union benefit funds have begun a process of repayment to the funds after a recent judgment against them.

August 19, 2013 (PLANSPONSOR.com) – An investment adviser has been ordered to restore plan losses, incentive fees and penalties for several employee benefit plans.

August 15, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has asked a New York district court to replace the now-deceased trustee of a retirement plan.

August 15, 2013 (PLANSPONSOR.com) – Since the U.S. Supreme Court’s ruling striking down part of the Defense of Marriage Act (DOMA), plan sponsors have been awaiting more guidance.

August 14, 2013 (PLANSPONSOR.com) – Regulators have delayed for one year the effective date for the employer mandate provision of the Affordable Care Act (ACA).

August 13, 2013 (PLANSPONSOR.com) – The SPARK Institute has requested guidance from the Internal Revenue Service (IRS) relating to 403(b) retirement plans.

August 13, 2013 (PLANSPONSOR.com) – A federal appeals court has upheld a ruling that the calculation of a reduction in former General Motors (GM) executives' retirement benefits was...

August 13, 2013 (PLANSPONSOR.com) – A nonprofit for special needs children is suing its retirement plan vendor’s president for embezzling funds from the plan.

August 12, 2013 (PLANSPONSOR.com) – A district court has again decided “five years of service” is not a valid normal retirement age (NRA) to use for a cash...

August 12, 2013 (PLANSPONSOR.com) – A federal appellate court has moved forward a class action claim regarding Lockheed Martin’s retirement plan stable value fund offering.

August 9, 2013 (PLANSPONSOR.com) – Having good internal controls can help retirement plan sponsors eliminate or reduce errors in plan operation.

August 8, 2013 (PLANSPONSOR.com) – A federal appeals court found the application of the presumption of prudence to be appropriate at the motion to dismiss stage.

August 8, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) announced default judgments have been entered against the fiduciaries of two retirement...

August 7, 2013 (PLANSPONSOR.com) – The SEC filed a complaint claiming Bank of America and two subsidiaries failed to disclose key risks and misrepresented facts about the underlying...

August 7, 2013 (PLANSPONSOR.com) – The SEC charged UBS for its failure to disclose that it retained upfront cash received when it acquired collateral for a collateralized debt...

August 7, 2013 (PLANSPONSOR.com) – A number of organizations have commented on the proposal by the U.S Department of Labor (DOL) on providing participants with lifetime income illustrations.

August 7, 2013 (PLANSPONSOR.com) – Attorneys at Drinker Biddle & Reath identified what they say are a number of deficiencies in Ian Ayres’ study of retirement plan fees.

 

August 6, 2013 (PLANSPONSOR.com) – In a letter to the U.S. Department of Labor (DOL), the Plan Sponsor Council of America (PSCA) expressed some disagreement with the DOL's...

August 5, 2013 (PLANSPONSOR.com) – A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company regarding excessive fees.