Compliance

The lawsuit suggests the defendants chose and maintained Principal investment products and plan administration services because Principal, its subsidiaries and its officers benefited financially from the fees.

Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot of confusion about required minimum distribution deadlines and...

Since there were no clear administrative remedies for fiduciary breaches spelled out in plan documents, a federal judge rejected the firm’s claim that the plaintiffs failed to exhaust...

The lawsuit alleges that a preference for proprietary investments led to excessive fees and the continuation of underperforming investments in Natixis’ plan lineup.

An IRS notice clarifies rules regarding elections without a qualifying event, an extended grace period for unused amounts and other provisions included in the Consolidated Appropriations Act, 2021.

The parties are asking a judge to approve the settlement, which includes monetary and non-monetary terms.

Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed...

The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of the fiduciary issues at hand.

There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan that a judge said no one is entitled...

Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum requirements to avoid summary judgment in favor of...

Among the potential retirement policy solutions that could become law in 2021 is a provision to allow 403(b) plans to access collective investment trusts, which can be beneficial...

The appellate court found a lower court erred in denying the plaintiffs’ leave to amend their complaint, meaning the case over excessive fees in the university’s retirement plans...

The mixed ruling comes in response to the Land O’Lakes defendants’ motion to dismiss the suit based on a lack of subject matter jurisdiction and failure to state...

The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case, was a breach of the fiduciary duties of...

The IRS has issued final regulations regarding qualified plan loan offset amounts, which are the same as proposed regulations except for a change in the applicability date.

A new filing with the 9th U.S. Circuit Court of Appeals says the DOL no longer wants to participate in the case and does not support either side.

During the confirmation hearing, Boston Mayor Marty Walsh was complimented as being fully qualified for the role of labor secretary by senators on both sides of the aisle.

AIG has agreed to transfer the handling of transactions from American General Life Insurance Co. to its New York-based subsidiary, The United States Life Insurance Co. in the...

The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or to use the plan’s size to reduce recordkeeping...

The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.