Compliance

A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of COVID-19 economic shocks.

The IRS announced a second consecutive significant increase to health savings account contribution limits in its response to continued inflation.

Government plans will struggle to comply with SECURE 2.0 because of their administration requirements.

The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to ERISA.

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.

The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when they would otherwise be disqualified for a litany...

A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best interests of participants.

Social Security benefits, which have been partially taxed since 1984, would be exempt once again if the Kentucky representative’s bill passes.

Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make sure participants understand the new normal.

The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive fees, the complaint alleges.

The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because of the hard-close provision.

Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.   

Pinnacle Advisors helped a mutual fund dodge SEC liquidity requirements for at least a year, the SEC charges.

The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in the late 1990s.   

Many market actors are requesting an extension on the comment period, which ends Monday, to better analyze the proposal.

The governor hopes the bill will be a blueprint for states seeking to ban sustainable investing.

The pensions are in the service, transportation and manufacturing industries.

Maryland’s Cardin was one of the key architects of and proponents of retirement reform on the Hill, including and especially SECURE 2.0 legislation.

The retirement plan lawsuit, originally filed in 2020, alleged fiduciary breaches committed by the ERISA finance and administrative plan committee.