Compliance

Department is focused on several areas, including the need for clarity around when a participant educator is crossing the line into being a fiduciary and giving individual recommendations.

Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.

The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about selecting an annuity provider in a PRT deal.

A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions to the company plan.

The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan to cover personal expenses.

The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege USI Consulting Group acted negligently.  

Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.

The Department of Labor seeks to enforce a summons against a Philadelphia-based third-party administrator to execute an Employee Benefits Security Administration investigation.

U.S. Chamber of Commerce and ERIC ask for a longer compliance date and a removal of required non-English disclosures.

Central States is currently working with the DOJ to negotiate the repayment of a $127 million overpayment from the PBGC.

Joseph Smolen will take over as SPARK’s new board chair.

The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.

The brief was filed to support Yale in the plaintiffs’ 2nd Circuit appeal of a 2023 jury verdict that was almost entirely in the university’s favor.

A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on ERISA lawsuits and clues to winning plan sponsor...

With the PBGC director at a subcommittee hearing, House Republicans indicated the PBGC should lower premiums for its single-employer insurance program.

In two separate cases, AT&T is once again a target for a pension risk transfer it conducted with Athene, and a case against utility company PPL for using...

The proposal would add a private right of action and tighter conflict of interest rules.

The U.S. 5th Circuit Court of Appeals issued a stay for a rule that included some standards set to take effect next year.

Advocates for the protection of retirees’ pensions and benefits say the telecom firm has ‘shamefully discarded 97,000 loyal retirees’ in pension risk transfers over the years. 

Central States was granted $127 million that it was not entitled to because the PBGC counted over 3,000 deceased participants when calculating the size of the grant.