Compliance

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.

August 5, 2013 (PLANSPONSOR.com) – A federal district court ruled the same-sex spouse of a deceased retirement plan participant is due death benefits.

August 5, 2013 (PLANSPONSOR.com) – An insurance brokerage firm must repay more than $270,000 to the participants and beneficiaries of a Florida-based retirement plan.

August 2, 2013 (PLANSPONSOR.com) – More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company, said the U.S. Department of Labor (DOL).

August 2, 2013 (PLANSPONSOR.com) – The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against a West Virginia hospital for alleged age and disability discrimination.

August 2, 2013 (PLANSPONSOR.com) – There are practices that can trip up retirement plan providers and make them susceptible to Department of Labor (DOL) investigations—however, some negotiating can...

August 2, 2013 (PLANSPONSOR.com) – The Institutional Retirement Income Council (IRIC) submitted a letter to the U.S. Department of Labor (DOL), recommending that lifetime income illustrations and projections...

August 2, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) is offering a free, online presentation about rehired annuitants.

August 1, 2013 (PLANSPONSOR.com) – Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.

August 1, 2013 (PLANSPONSOR.com) – A district court granted a preliminary injunction against former fiduciaries of several Kentucky pension plans.