Compliance

There were discussions to include proposals for multiemployer pensions in previously passed coronavirus relief bills, but efforts fell apart.

Instituted in response to the coronavirus pandemic, the dual paper and electronic filing policy will remain in effect until the revenue procedure is modified or superseded.

The guidance explains how repayment of coronavirus-related distributions works and whether plan sponsors are required to accept them, among other things.

Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings Plan allowed it to design an unfavorable investment...

The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”

Johnson & Johnson successfully argued that the plaintiffs have not met the pleading standards established by Fifth-Third v. Dudenhoeffer, however, the court granted them leave to amend their...

The plaintiff in the case says Host’s tip policy interferes with his and others’ ability to defer income under the terms of the plan and discriminates against tipped...

The plaintiffs say they seek similar remedies as those in a settlement that was court-approved in a case against Duke University.

Limited guidance on the regulations makes this answer complex for plan sponsors.

The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served as trustee.

A federal district court judge noted that the 9th U.S. Circuit Court of Appeals has held that the “decision to spin a [pension] plan off is not a...

The lawsuit is directly tied into another in which Wilmington Trust agreed in January to a settlement valued at $5 million.

Relief is provided for verification requirements for loans and distributions and timing for forwarding contributions and loan repayments, among other things.

A federal judge said the plaintiffs' guess of recordkeeping fees paid had no factual basis and failed to claim a breach of fiduciary duties.

Extended time limits disregard the period from March 1 until 60 days after the announced end of the national emergency or such other date announced by the agencies...

The lawsuit is nearly identical to one filed by the same law firm against a pharmaceutical company.

The legislation would allow employees to defer 300% of the current statutory limit or 100% of compensation, whichever is less, to DC plans for the 2020 calendar year.

Under the county code, employee contribution rates were based on age at entry into the retirement system, with older employees paying higher rates than younger members for the...