Compliance

The participants’ claims regarding Omnicom’s continued use of an active TDF suite were found plausible, and a judge left until later the issue of whether passively managed funds...

Affirming a lower court ruling in its entirety, the 10th Circuit found that plaintiffs neither present evidence establishing the outer bounds of arm’s-length bargaining, nor show why defendants’...

In addition to how to improve retirement savings opportunities for employees, the discussion addressed broader financial security and efforts to make the offering of plans less burdensome for...

The bill would replace the saver's credit with a government match on savings and give savers a COVID-19 recovery bonus credit.

The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if the final rule significantly differs from its interim...

The suit claims the use of an asset allocation solution for the medical system’s 401(a) and 403(b) plans funneled participant contributions into expensive investments.

Provisions in the bill, which has been introduced in both the House and the Senate, target both longstanding and new imbalances in the U.S. retirement savings system.

During a SIFMA webinar earlier this week, Congressional leaders and asset management executives discussed SECURE Act 2.0 and other legislation that should be top-of-mind for plan sponsors.

The ruling represents a legal win for American Airlines in a lawsuit alleging it provided a poorly performing capital preservation option.

The lawsuit claims MetLife offered its proprietary index funds in its 401(k) plan for its own self-interest and didn’t try to search for more appropriate investment choices.

Among other changes, the agency has introduced two new correction methods for overpayments to DB plan participants or beneficiaries.

She found the allegations were sufficient to plausibly allege a fiduciary breach and said the determination for appropriate benchmarks for funds is not solved at the motion to...

Regulators say the firm failed to adequately disclose conflicts of interest to thousands of participants in TIAA recordkept employer-sponsored retirement plans.

A judge previously dismissed claims related to excessive recordkeeping fees but let stand a claim related to providing ‘false and misleading’ participant fee disclosures.

The memorandum in support of the settlement agreement says the plaintiffs in the case want to avoid the risk that the defendants will prevail and the cost of...

A man who worked for Yum! Brands for 25 years says he was denied retirement and other benefits because the company classified him as an independent contractor.

Brokerage windows are useful tools to meet specific participants’ investing needs and the DOL should make it easier, not harder, for plan sponsors to offer them, commenters told...

PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors that are required to reinstate certain previously suspended...

The judge in the fiduciary breach lawsuit has approved a joint motion to stay the proceedings while the parties engaged in mediation towards a potential settlement.

The plaintiffs say prudent practices followed before a merger of retirement plans were not followed after, and they claim that when the plan switched to cheaper share class...