Compliance

Indemnification clauses in service provider contracts, PEPs and 3(16) administrators can reduce plan sponsors’ fiduciary burden, but none offer complete protection, attorneys say.

The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a claim.

The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues that have caused claims in other suits to...

The long-running case, in which investment adviser Ruane, Cunniff & Goldfarb is also a defendant, concerns investments of retirement plan assets in Valeant Pharmaceuticals stock.

The agency highlights a common error in applying the requirements and makes self-audit suggestions.

Although it was a longstanding practice for the trustees of the Young Adult Institute to vote on executives’ entry into the plan, an appellate court found that practice...

An appellate court found the district court erred in dismissing claims related to the use of higher-cost share classes and in denying the plaintiffs leave to amend their...

Retirement plan fiduciary breach lawsuits question the use of revenue sharing far more commonly than they criticize its absence.

The plaintiffs claim recordkeeping expenses more than doubled during the time Xerox Corp. used its affiliated recordkeeper. 

Plan fiduciaries are also accused of "failing to offer and retain a diverse pool of investment funds in accordance with the industry standard."

Attorneys from Morgan Lewis suggest plan sponsors proactively reach out to prior providers to find out if there are any undelivered assets.

The defense’s dismissal motion has been met with skepticism by the presiding district court.

The most common concern is that permissible investments for the funds will not earn the rate used for calculation of assistance payments.

The incident involves a military reservist who was not given service credits for his pension for a period in which he was actively deployed.

In an amicus brief in support of Universal Health Services, the foundation argues that a district court missed the mark in its application of the Supreme Court’s Thole...

No Form 5500 is required for the plan year in which the new plan is effective, but additional filing instructions apply.

The title of the regulation also suggests it will address the related but distinct issue of proxy voting advice and shareholder activism among retirement plan fiduciaries.

The regulatory outlook for retirement plan sponsors looking to implement environmental, social and governance themed investments has been complicated, but experts hope that may soon change.

Echoing similar complaints filed against other large employers, the plaintiffs claim Citgo is failing to pay the full promised value of alternative annuity benefits defined by the company’s...

It addresses to what purposes newly allowed segment rates apply, how plan sponsors can make elections for which segment rates to use and the effect of the law...