Compliance

Rates are rising slightly, in tandem with inflation, for the insurance cost pension plans must pay the agency.

A case involving Caesars Holdings shows how 3(38) fiduciaries can protect plan sponsors from ERISA litigation—but also that they still need to be monitored.

Despite a flurry of lawsuits challenging pension risk transfers, plan sponsors remain committed to shedding defined benefit liabilities — viewing litigation risk as another manageable cost in an...

The company will remove $200 million in liabilities through a lump sum settlement.

The plaintiffs allege a breach of fiduciary duty, since the selected fund consistently underperformed its target.

July’s One Big Beautiful Bill created provisions that essentially close the door on the pandemic-era tax credit.

The Department of Labor announced in May that it would rescind a Biden-era rule in favor of the stance favored by the current administration.  

The complaint concerning the transfer of $1.5 billion in pension obligations lacks standing, according to the recommendation. 

The Supreme Court’s most significant retirement industry ruling of the year will have a new hearing that takes into consideration the highest court’s April ruling.  

The deadline concerns necessary changes to required minimum distributions to comply with SECURE and SECURE 2.0.

A judge dismissed plaintiffs’ complaints against plan sponsor Caesars Holdings but allowed complaints against the fiduciary investment manager to move forward.

The legislation would codify the executive order issued by President Donald Trump in August.

The plaintiffs allege that the institution breached its fiduciary duty by choosing not to use forfeited funds to reduce plan expenses, even though contributions had already been offset.

The legislation continues to receive bipartisan support, with one of the bills recently advancing out of committee in the House. 

Common interest agreements between legal firms and the Department of Labor have attracted prior criticism but they are less likely to occur under the Trump administration. 

The announcement comes one day after the tax regulator began furloughing employees because of the ongoing government shutdown. 

The agency will retain slightly more than half of its staff, but it will likely face delays if the government impasse continues. 

The bills, lacking Republican co-sponsors, are unlikely to pass, but are meant to address the financial hardship faced by federal workers during the government impasse.  

The group’s survey found that fear of lawsuits is at least a ‘somewhat significant’ factor when 89% of employers consider enhancing benefits.  

The Massachusetts court accepted the recommendations of a magistrate opinion from last month, but the suits may be amended and refiled.