The plaintiff, Bryan Spence, referenced another federal court’s decision in asking a Texas federal court to deny the defendants’ motion to dismiss.
In comment letters submitted to the Department of Labor, concerns expressed ranged from QDIAs to permitted withdrawals.
The proposal would limit the availability of educational and retirement readiness tools for participants, commenters say.
The settlement is considered the ‘largest ever’ in a lawsuit alleging mismanagement of a retirement plan’s in-house funds, according to court filings.
Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would be surprised if this longstanding and widespread practice...
Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
Attorneys for the Colgate-Palmolive Employee Relations Committee seek to end the plan sponsor’s involvement in a lawsuit alleging fraudsters stole a participant’s retirement plan assets.
A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL to provide.
The DC contribution limit was projected to be $23,000 for 2024, and the IRS should stay on track in implementing the change.
Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty by including investment managers and funds focused on...
The recent MOVEit breach highlighted the need for plan sponsors to carefully vet service providers in order to protect participants’ assets, data and personal information.
Those with experience say ‘clear, concise communications’ and coordination with partners are vital in crafting an effective response.
The fine was imposed by the SEC Friday for persistent and high-level failures to communicate on approved channels.
The proposal would streamline the registration and disclosure process for RILAs and highlight their unique features.
Plaintiffs seek to add former U.S. Labor Secretary Eugene Scalia to their legal team.
The SAFER Banking Act would permit marijuana firms to access banking and financial services, including retirement plans.