Compliance

The bill, which was passed by the Senate yesterday, will provide additional funding for Ukraine and disaster relief in the U.S., pending signature from the President.

The IRS is extending deadlines for amending plans for certain provisions of the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act. 

Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants.

The full Senate voted, 49-36, to confirm the new assistant secretary of labor for the Employee Benefits Security Administration.

The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of funding other than annual Congressional appropriations.

A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.

As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light of market moves.

An advisory group on preventing senior scams was highlighted in a Senate hearing Thursday that discussed the broader issue of fraud directed at seniors.

The plaintiffs’ claims survive the defendants’ motion to dismiss

The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.

A total of $750,000 was stolen from a retirement account managed by the defendants—who, the plaintiff alleges, ignored many red flags.

The judge rules that there is no evidence that Goldman Sachs acted either disloyally or imprudently with its employees’ defined contribution plans.

Case alleges firm put high-fee, underperforming proprietary funds in its retirement plan

A settlement has been reached after an Employee Benefits Security Administration investigation.

Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.

The Senate now has two bills out of committee that will have to be reconciled with a companion House bill before moving to the president’s desk.

Plaintiffs in the now-dismissed case sought to establish that ‘corporate-insider fiduciaries’ violated their duties of prudence in the operation of an employee stock ownership plan.

The judge also denies a bid by the U.S. Chamber of Commerce to file a ‘friend of the court’ brief in support of the fiduciary defendants.

The comment period of the DOL’s proposed amendment was scheduled to expire in late September, but the regulator says it will now accept comments through mid-November.

The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock of Metro Bank PLC, where Vernon Hill was...