Compliance

The lawsuit says Raytheon violated retirement plan terms and ERISA by not allowing rehires to repay prior distributions and by miscalculating offsets of those distributions.

Organizations would be required to disclose their governance of climate-related risks and relevant risk management processes, as well as their greenhouse gas emissions.

The lawsuit suggested the fiduciaries of the plan breached their ERISA duties by authorizing the plan to pay unreasonably high fees for recordkeeping, among other allegations.

The employee says Hyatt Corp.’s policy to only pay tips in cash violated the terms of the plan, per its definition of compensation for elective deferrals.

The lead regulator of employer-sponsored retirement plans says cryptocurrencies and other digital assets are subject to a variety of issues that make them untenable—at least at this stage—for...

The agency’s notice of amendments pertains to prohibited transaction exemptions related to non-convertible debt securities, commercial paper and securities lending transactions.

The university has agreed to cease collecting what the lawsuit calls the ‘penalty’ for nonparticipation for a period of four years.

The ruling, issued in favor of Partners Healthcare System, offers a substantial legal analysis of ERISA’s requirements as they pertain to the actuarial equivalence of different types of...

The bill cites vulnerable pension and participant retirement fund exposure to Russia assets.

The three-part series will cover how ERISA applies to employer-sponsored retirement and health plans and offer information about avoiding common problems.

One important distinction to make when considering a pension risk transfer is the difference between fiduciary and settlor functions.

The website keeps tabs of multiemployer plans that have received the Pension Benefit Guaranty Corporation’s special financial assistance. 

While it admits no wrongdoing in the settlement agreement, Land O’Lakes will pay $1.8 million into a qualified settlement fund.

Among the bills to watch is the Lifetime Income For Employees Act, or the LIFE Act, for short.

The lawsuit, filed by the Howard Jarvis Taxpayers Association, unsuccessfully aimed to block CalSavers on the grounds that the federal Employee Retirement Income Security Act pre-empts it.

The complaint says the company used a revenue-sharing model that harmed particpants by charging excessive fees for a plan of its size.

The settlement also includes ‘meaningful non-monetary relief’ related to the ongoing management and administration of the company’s defined contribution plan.

The bill would encourage plan sponsors to re-enroll nonparticipants at least once every three years.

However, it concluded that the costs outweigh the benefits of additional regulations, except in the case of ‘brokerage window only’ plans.

In addition to naming the company as a defendant, the lawsuit also targets members of the board of directors, as well as other officers of the firm.