Compliance

Northern Trust is accused of giving AutoZone bad direction regarding investments in Prudential’s GoalMaker solution, allegedly due to a conflict of interest.

The owner of a 403(b) plan administration firm and another insurance agent allegedly convinced educators to roll retirement plan money into an IRA to invest in the owner’s...

The legislation is designed to provide a retirement savings vehicle for people who don’t have access to one, but in certain cases, employers would be able to contribute...

The agency is accepting applications before a final rule is published and says any changes will not reduce the amount of assistance a plan might receive.

The Justice Department alleges that military employees who used ‘donated leave’ to avoid losing pay were denied pension contributions and credits that were due them.

The ruling rejects the defense’s dismissal motions and includes a detailed analysis of what is required for ERISA plaintiffs to prove standing based on allegations that average recordkeeping...

Duty of prudence and prohibited transaction claims will move forward against the Centerra Group plan fiduciaries and Aon Hewitt, which also has to face a duty of loyalty...

Though the order shows support for the plaintiffs’ arguments regarding their Constitutional standing to sue their employer for alleged retirement plan mismanagement, the plaintiffs have failed to convince...

A recent regulatory order filed by the Securities and Exchange Commission demonstrates some of the ways revenue sharing and disclosure failures can result in fiduciary breaches.

The complaint had taken issue with the plan’s use of the Fidelity Freedom Funds TDF series and its recordkeeping fees.

The agency—which says the revisions are needed to implement provisions of the SECURE Act—has also published a notice of proposed changes to its implementation of regulations under Title...

The complaint says Corteva Inc.’s ‘sleight of hand’ when determining when to label employees that were part of a spinoff as ‘terminated’ allowed it to deny promised benefits.

The IRS says it is modifying the procedures for the 403(b) pre-approved plan program to be more similar to those under the Internal Revenue Code (IRC) Section 401(a)...

Legislation drafted as part of the Congressional budget reconciliation process includes a broad mandate for employers to offer retirement plans, along with language promoting guaranteed retirement income investments.

The court said that a plan’s mere underperformance, absent any specific allegations of imprudence, is not actionable.

The Department of Labor says the fiduciary diverted tens of millions of dollars in plan assets for their own personal benefit through a variety of illegal transactions.

The National Labor Relations Board found that the match formula stated in a memorandum of agreement between an employer and an employee union did not reflect what was...

Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer Federation of America, is becoming a senior adviser...

After pointing out the flaws in excessive fee allegations and what it says is the real motivation for the lawsuits, the agency asked the court in a case...

An updated audit technique guide discusses the doctrines of constructive receipt and economic benefit, as well as IRC Section 409A, to explain when NQDC deferrals are included in...