Compliance

The Department of Labor found WH Administrators failed to provide proper plan funding and pay medical claims, as well as improperly collected fees.

The underlying lawsuit, which is also undergoing concurrent arbitration, claims the InterContinental Hotels Group owes accelerated withdrawal payments to a national union pension plan.

Only one of the spate of lawsuits challenging university 403(b) plans has gone to trial.

Denying a motion to dismiss the suit, a judge pointed out the difference between it and others cited by the defense which challenged investments from which participants could...

Under the terms of the proposed settlement, Putnam will pay a gross settlement of $12.5 million into a common fund for the benefit of settlement class, which numbers...

The lawsuit alleges plan fiduciaries failed to use the lowest cost share class for many of the mutual funds within the plan and failed to consider lower-cost investment...

Plaintiffs say Liberty Mutual allowed excessive recordkeeping fees and failed to remove poorly performing investments.

The matter with the New York State Department of Financial Services has been resolved with the fine and a transfer of transactions to Athene’s New York-based subsidiary.

This new challenge is being filed in a different district court and claims that the participant has not signed an arbitration agreement of the type that could stymie...

The District Court had previously denied a motion to reconsider an earlier decision to let parts of the lawsuit move forward.

The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.

According to the lawsuit, an unknown user accessed the plaintiff’s stock plan account by exploiting the ‘forgot password’ option and impersonating the plaintiff over the course of several...

The Treasury Department makes clear that the PPP offers help with employer contributions to retirement plans and toward health benefits for employees.

The lawsuit alleged plan fiduciaries acted for their own benefit by forcing participants to choose among costly investments managed by JPMorgan and BlackRock.

However, the case was sent back to a federal district court to determine whether ERISA’s church-plan exemption violates the Establishment Clause.

Plan sponsors should continue to pay attention to litigation and consider what litigation may arise.

The plaintiffs have successfully amended their complaint and “plead charts, comparative studies and specific facts” necessary to proceed into discovery.

Taking required minimum distributions (RMDs) is about shifting to a taxable account, not necessarily about liquidating investments.

A last ditch effort to point out that another circuit found no evidence of fiduciary misconduct in a similar case apparently did not persuade the high court it...

The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.