Compliance

The agency plans to examine worker classifications, RMDs in large DB plans and participant loans, as well as do a compliance check about partial plan termination and partial...

The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might not reduce the withdrawal liability assessed on employers.

Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.

Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation is rebated to plan participants.

The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.

The text of the new complaint closely resembles others from the increasingly well-known law firm Capozzi Adler, which has filed numerous ERISA excessive fee lawsuits in the past...

A federal judge determined participant data is not considered plan assets, meaning Fidelity was not a fiduciary with regard to the claims.

More claims were moved forward for the investment consultant than for the plan sponsor.

The underlying lawsuit questions fees paid by participants in BlackRock’s own retirement plan.

The legislation changes the Internal Revenue Code so that more top earners’ compensation won’t be deductible.

The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.

In a new report, the Government Accountability Office says DC plan fiduciaries need more guidance on cybersecurity.

The firms allegedly provided a comprehensive set of pension plan termination services to a hospital system client that, according to plaintiffs, resulted in suboptimal outcomes for the employer...

More guidance will be needed for single-employer and multiemployer defined benefit plans to use funding help provided in the $1.9 trillion coronavirus relief bill.

The complaint suggests USI and its officers have not operated the company’s retirement plan benefit prudently or loyally.

Until the publication of further guidance, the department says it will not enforce either final rule or pursue enforcement actions against any plan fiduciary for failure to comply.

This latest regulatory development is just another piece of evidence underscoring how extraordinary the last 12 months have been.  

Plaintiffs say the failure to issue an effective RFP for recordkeeping and a rebranding process for investments led to additional costs for participants.

The settlement comes with a $5.75 million price tag to be split between the plan sponsor defendant and its financial adviser, along with other nonmonetary stipulations to be...