Compliance

The lawsuit accuses Matrix of unlawfully retaining fees and interest through nondisclosure and concealment.

A nonprofit was allowed to file for bankruptcy and exit the Kentucky Retirement System, but a federal court has ruled it still owed contributions while bankruptcy proceedings were...

Items effective in 2020 include several provisions of the SECURE Act.

The plaintiffs suggest the firm’s fiduciary failures were either from lack of a prudent process or from interest in getting discounts from the recordkeeper on other services.

The case against American Airlines is one of several alleging that the use of outdated mortality tables in determining DB plan benefits violates ERISA.

In an opinion piece, the senator offers three principles he believes bipartisan efforts should follow to solve the union pension crisis. 

A federal grand jury has indicted an Orange County man for fraudulently obtaining access to Boeing employees’ retirement accounts and stealing hundreds of thousands of dollars.

Companies lacking a retirement plan will be required to offer the savings option to their employees.

The complaint points to 2018 as an example year, suggesting that a significant percentage of funds in the plan at that time were “much more expensive than comparable...

The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the use of environmental, social and governance-themed investments.

One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that it is not named as a defendant.

The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring their claims.

A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.

The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.

The company and its board of directors are accused of various fiduciary breaches in the operation of a sub-$300 million defined contribution plan.

Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less costly index TDF suite.

The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.

The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure to obtain cheaper share classes.

The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.

The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the expense of the plan and participants.