Compliance

The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension fund.  

An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down by federal appeals court.

Given the recent data breach at J.P. Morgan, plan sponsors should evaluate their recordkeepers’ cybersecurity practices and ensure there is a plan of action in case a breach...

NAGDCA also listed delayed implementation dates and the creation of a National Retirement Security Month.

This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk transfer with Athene in the last few months.

The Department of Labor is continuing its enforcement push against profit-sharing plans.

Participant names, addresses, Social Security numbers and bank information were exposed in a breach the bank learned of in February.

A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud the plan.   

401(k) and 403(b) plans should review plan documents and independent contractor processes.

Government plans need more guidance from the IRS to address payroll-related complications that affect compliance with parts of SECURE 2.0.

The final rule applies fiduciary status for investment sales, rollover recommendations and annuity sales.

The Department of Labor’s new fiduciary rule clarifies how retirement plan advice, one-time rollovers and annuity recommendations are viewed under ERISA.

The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts in the investment lineup.

Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.   

The IRS will not enforce RMDs for inherited IRAs under the 10-year rule until at least 2025.

The anticipated final retirement security proposal did not feature anywhere in the budget proposal.

Plan administrators would voluntarily turn over data to DOL to help missing participants and plans find one another.

The two local plans received SFA grants to protect their solvency through 2051.

Paychex plans to fight a New York retirement lawsuit, alleging fiduciary breach in federal court rather than state court.  

OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.