Compliance

A federal court certified a class of trustees, sponsors and administrators of all ERISA employee benefit plans that owned variable annuity contracts via John Hancock’s Signature platform.

A new lawsuit alleges that plan sponsors at the health care facility breached their fiduciary duties.

Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their pension plan.

Alongside confirming that the payment has now gone out to Local 138, PBGC this week announced it has approved a second application for emergency pension funding.

In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing to ensure fees were reasonable.

A lawsuit alleges that the poor performance of a suite of target-risk funds resulted in a nearly $250 million loss to participant accounts.

Lisa Gomez, the candidate to serve as the DOL’s assistant secretary for the Employee Benefits Security Administration, will now face a vote in the full Senate.

The lawsuit, like many others filed by plaintiffs represented by the law firm Capozzi Adler, also suggests the plan sponsor has failed to use the lowest-cost share classes...

The firm has agreed to pay $7 million and offer a brokerage window providing participants with access to nonproprietary funds.

The defendants in a lawsuit against Bronson Healthcare will pay $3 million to settle charges of ERISA violations.

In considering the plaintiffs’ various claims, the ruling sides firmly with the defense on all but one allegation.

The text includes an extensive number of related allegations against the plan’s adviser and sponsor, including allegations that suggest the plan sponsor and adviser made imprudent investment decisions...

The Department of Labor ordered the former trustee to restore $8.4 million and plan fiduciaries to restore nearly $1 million to the ESOP.

A penalty was assessed after a New York State Department of Financial Services investigation uncovered violations of state insurance law.  

Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.

Among other notable changes, the Form 5500 instructions have been amended to make clear that a pooled employer plan is a multiple employer plan that files a single...

A new complaint claims that West Monroe ESOP participants who sold stock in the company did not receive fair market value from company distributions.