Compliance

The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.

The new amended complaint seeks to provide more detail about 14 different investment options allegedly offered in the plan and which the plaintiffs say should have been removed...

The lawsuit, now cleared for discovery, claims that a proclivity for proprietary mutual funds has cost plan participants millions of dollars in excess fees.

The supplemental statement refines its June 2020 information letter on including private equity investments in participant-directed retirement savings plans.

The lawsuit against the company claims that, in some cases, expense ratios for the plan’s funds were 364% above the median.

Participants in Voya’s defined contribution retirement plan suggest certain funds were not selected and retained for the plan as the result of an impartial or otherwise prudent process.

He pleaded guilty after the DOL found he fraudulently collected between $15,000 and $40,000 from plan participants’ accounts.

The proposed amendments are designed to address potential runs on money market funds during times of market stress.

The bipartisan bill automatically triggers tax relief if the president issues a federal disaster declaration.

The plaintiffs in a new ERISA lawsuit suggest Delta Air Line’s pension plans’ annuity conversion factors were set decades ago, when mortality rates were significantly higher, and were...

A schedule to help plan sponsors track important due dates for their plan

They made suggestions that addressed others’ concerns that plan fiduciaries would consider the language of the rule as a mandate to consider ESG factors in investment selection.

A retirement plan participant says that, since the data breach, his personal information has been used to make fraudulent purchases and spam calls.

A group of senators and the ASA issued letters saying the newly proposed rule weakens protections for retirement plan investors and retirement plan sponsors.

They say current regulatory guidance has led to members of the LGBTQIA+ community being denied survivor benefits after losing their life partner. 

The lawsuit also includes claims of excessive recordkeeping fees and unreasonable fees for managed account services.

The unsuccessful complaint relied heavily on tabular depictions of the Adidas plan’s fees calculated as cost per 401(k) plan participant/beneficiary and as a percentage of the total plan’s...

Retirement plan industry lobbyists and advocates hoped 2021 would deliver another much-needed round of reforms building on the SECURE Act of 2019, but so far, they have remained...