Compliance

A forthcoming proposed regulation from the DOL is expected to address the topic of environmental, social and governance (ESG) themed investing in the context of tax-qualified retirement plans.

The complaint alleges that KeyCorp has failed to take advantage of recordkeeping market competition and the associated drop in average fees.

In a letter filed in court, attorneys for the parties suggested ways to help streamline the trial and to eliminate all or significant parts of the testimony of...

Among other alleged fiduciary violations, the defendants are accused of failing to consider lower cost collective trusts as alternatives to certain mutual funds in the plan.

An employer adopting a newly approved plan document will be required to do so by July 31, 2022.

The IRS also identifies limited circumstances for which an employee with a DPC arrangement could contribute to an HSA.

The temporary relief is for retirement plan participant elections required to be witnessed by a plan representative or a notary public, including a spousal consent.

Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an actionable claim against the downstream oil and gas...

An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries in evaluating and monitoring the investments.

One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined benefit pension to file suit practically to extinction,’...

In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for proposals.

Plaintiffs’ attorneys, bemoaning the new Supreme Court ruling in Thole v. U.S. Bank, say participants in defined benefit plans are essentially left with no way to challenge or...

Deadlines have been moved for single-employer and multiemployer DB plans and 403(b) plans, among others.

The ruling effectively establishes that individual pension plan participants cannot sue their employer for a fiduciary breach if their own benefit has not been cut or otherwise altered.

The 92-page complaint includes a number of other allegations, including that the plan sponsor was motivated by its relationship with the provider for its defined benefit plans.

The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.

The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.

Fresh off the recent success of their push for a default electronic disclosure rule, retirement industry lobbyists are turning their attention back to a popular bipartisan bill introduced...

The suit claimed conflicts of interest damaged net-of-fee performance.