Compliance

A federal court found the claims were not time-barred, the investment manager was responsible for its own fiduciary duties and an individual committee member can’t escape claims of...

Supporters say the ambitious legislation package would expand retirement plan coverage and deliver benefits to relieve anxiety about having secure retirement income.

The complaint alleged a target-date fund suite managed by Principal performed poorly for an excessive period of time, without being adequately reviewed or removed from the plan.

In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification requirements would be spun off.

The house will hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities and vote on the ‘SECURE Act 2.0’ this Tuesday.

The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment option that was offered to ensure it was...

The plaintiff is seeking recovery on behalf of a class of participants in a retirement plan of the AME church, which reported a ‘material loss’ last fall.

Participants claim that the plan charged excessive fees for investments and recordkeeping services. 

Lawmakers have asked the Government Accountability Office to study the need for greater spousal protections in defined contribution retirement plans.

The proposed IMPAIR Russia Act would prevent investment firms, insurance companies and fiduciaries subject to ERISA from investing in Russian entities.

A federal court order rejects the defendants’ motion to dismiss the lawsuit, which argues plan fiduciaries permitted the payment of excessive fees, but it also determines that the...

The consolidated lawsuit alleges Nationwide 401(k) plan fiduciaries failed to negotiate guaranteed investment fund terms that were as good as the same fund’s terms for its DB plan.

The lawsuit alleges Molina Healthcare offered target-date funds in its 401(k) plan that employed a management style that had never been used before, among other things.

The lawsuit says Raytheon violated retirement plan terms and ERISA by not allowing rehires to repay prior distributions and by miscalculating offsets of those distributions.

Organizations would be required to disclose their governance of climate-related risks and relevant risk management processes, as well as their greenhouse gas emissions.

The lawsuit suggested the fiduciaries of the plan breached their ERISA duties by authorizing the plan to pay unreasonably high fees for recordkeeping, among other allegations.

The employee says Hyatt Corp.’s policy to only pay tips in cash violated the terms of the plan, per its definition of compensation for elective deferrals.

The lead regulator of employer-sponsored retirement plans says cryptocurrencies and other digital assets are subject to a variety of issues that make them untenable—at least at this stage—for...

The agency’s notice of amendments pertains to prohibited transaction exemptions related to non-convertible debt securities, commercial paper and securities lending transactions.

The university has agreed to cease collecting what the lawsuit calls the ‘penalty’ for nonparticipation for a period of four years.