Compliance

The plaintiff argues that similar university lawsuit settlements have helped to drive down fees, and changes the university made last year were too late.

The city council also voted to establish a retirement savings board to facilitate the implementation the retirement security program.

In their short-lived complaint, the plaintiffs suggested WakeMed fiduciaries have not acted prudently in the operation of the 403(b) retirement plan in question.

In a decision in favor of a plan sponsor and provider, a court took a moment to contemplate whether an online request met the ‘written request’ requirement to...

A federal judge found Aon Hewitt acted prudently, after hearing testimony about the firm’s investment actions and contractual obligations.

Between state-run plans, PEPs and moves to enhance SIMPLE plans, different entities are tackling the same problem in different ways.

A lack of access to the same investment types allowed in other DC plans means 403(b) plan participants are missing out on increased retirement savings, industry sources say.

The 9th U.S. Circuit Court of Appeals has sided with the defendants in a stock drop lawsuit after applying stringent pleading standards established by the Supreme Court.

Under the Military Spouses Retirement Security Act, small employers would be eligible for a tax credit of up to $500 per year per military spouse.

It is aimed at making it easier for small businesses to offer a retirement savings option.

The suit mainly takes issue with an alleged failure to solicit competitive bids for retirement plan services and the use of what it calls ‘cobbled-together services from many...

A judge found that allegations were sufficient to deny most motions to dismiss filed by the plan sponsor and the investment manager.

A federal judge found that the plaintiffs had sufficiently pleaded their claims in the suit alleging excessive retirement plan fees.

The guidance includes best practices and tips for protecting retirement benefits. 

It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of each question.

The complaint suggests Allianz abandoned a hedging strategy that was the supposed cornerstone of an investment fund utilized by the Raytheon pension plan, resulting in unexpected losses. 

A federal judge found Principal’s ‘meticulous’ process for setting the GIC’s composite crediting rate protected the availability of the investment and was in the best interest of participants.

The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.