Compliance

A new bulletin addresses the ‘independence’ requirement for accountants who audit employee benefit plans under the Employee Retirement Income Security Act. 

The mixed dismissal motion ruling, which sides mostly with the plaintiffs, agrees with the defense that certain data-sharing among providers was not inherently problematic.

The stressed union pension plan will receive more than $28 million in special financial assistance, including interest to the expected date of payment to the plan. 

The target of a new Employee Retirement Income Security Act case is a plan sponsor with more than 20,000 participants that ‘periodically’ reviewed the plan’s investment options to...

Plaintiffs’ attorneys have filed an amended Employee Retirement Income Security Act complaint, adding two new claims. 

A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income Security Act. 

The plaintiffs suggest their retirement plan’s fiduciaries failed to fully disclose the expenses and risk of the plan’s investment options to participants and beneficiaries, among other allegations.

Similar groups of plaintiffs represented by law firm Capozzi Adler have met with mixed success in pursuing nearly identical claims.

The ruling only applies to the case at hand, but there are still lessons to be learned from an employer’s successful appeal to transfer excess assets from a...

An order against the firms, which were involved in lengthy litigation against Great-West, states that they behaved recklessly and unfairly in the pursuit of their claims.

The lawsuit comes as retirement plan sponsors and participants express increased interest in personalization and managed account services.

An employer trade association criticizes the bill for excluding the commercial market from prescription drug reforms.

The defendants were accused of failing to monitor the average expense ratios charged to similarly sized plans for investment management fees and recordkeeping.

Among the latest major employers to be sued under ERISA for alleged underperformance of default investment options are Marsh & McLennan and Advance Publications.

A judge has rejected the defendants’ arguments that the same reasoning applied by two circuit courts in other cases should be applied to their case.

The free event will increase awareness about the fiduciary responsibilities of operating a retirement plan.

The IRS is extending deadlines for amending plans for certain provisions of the SECURE Act and other legislation.

The lawsuit claims that chasing low fees is currently “in vogue” and that fiduciaries gave no consideration to the funds’ ability to generate returns.

One fiduciary insurance executive says a spate of new ERISA lawsuits ‘demonstrates that no fiduciary is safe, since one can apparently be sued just because they trailed the...