Compliance

The spate of recent proposals aims to help Americans not only with retirement savings but also with financial wellness issues.

As with similar litigation, the company’s 401(k) plan fiduciaries are accused of failing to take measures to ensure reasonable recordkeeping and investment fees.

Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and mismanaging revenue sharing to pay for administrative expenses.

CDI Corp. admits no wrongdoing in the settlement agreement, which closely resembles settlements reached in other excessive fee suits, apart from its modest size.  

A federal judge said he would explain the reasons he denied the defendants' motion to dismiss during a pre-trial conference at a later date.

The complaint seeks to tie alleged business challenges that were being experienced by Russell Investments with the choices made by its investment advisers in the operation of Royal...

In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for breach of duty of prudence but tossed claims...

The IRS updates its Operational Compliance List periodically to reflect new legislation and IRS guidance, and it reflects that many provisions of the SECURE Act are in effect.

The lawsuit alleges the company failed to regularly monitor plan investments or remove ones that became imprudent.

The suit had charged the Navy defense contractor with selecting mutual funds with an average expense ratio of 0.81% when funds costing 0.41% were available.

In addition to a $14 million payment, the defendants agreed to retain an independent third-party investment consultant to review investment options in the plan, among other things.

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

The lawsuit had accused the company of making imprudent investment choices.

The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan excessive investment and recordkeeping fee suits.

Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting will move forward.

The president appears to want to pave the way for more ESG investing in retirement plans.

The complaint alleges that many of the funds offered by State Street in its staff retirement plan were selected and retained because the defendants benefited financially from their...

The case includes various allegations of self-dealing and fiduciary imprudence and disloyalty discretionary investment management services provided by Russell Investments to Caesars Entertainment.

The university has agreed to request competitive bids for administrative services in the next three to four years and maintain the lowest share class of plan investments, among...