Compliance

The complaint echoes other cases challenging actuarial assumptions used in calculating DB plan benefits.

A new district court ruling finds Fidelity liable for certain fiduciary breaches in the operation of its own retirement plan, but the decision ‘addresses only the question of...

Plan sponsors now have until June 30 to update their pre-approved and individually designed 403(b) plan documents.

Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to...

The parties say they have reached a confidential settlement resolving all claims.

The complaint says plan fiduciaries failed to negotiate fixed-interest contract terms for the 401(k) that were as good as the same fund’s terms for its DB plan.

Throughout the 7th Circuit’s decision, it contends the plaintiffs put forth their own opinions and preferences rather than evidence of fiduciary breaches.

Among other things, the bill would allow for targeted, penalty-free access to tax-qualified accounts for those hit hardest by the health crisis.

It was the documented process of the multiemployer plan trustees’ considerations of withdrawal proposals by Kroger that helped them win the case.

Individuals have more time to contribute to IRAs and HSAs, and employers have more time to contribute to their retirement plans.

As the retirement industry awaits details of a coronavirus stimulus relief bill, a spike in participant loans and hardship withdrawals is anticipated.

Lawmakers are debating what will likely prove to be an unprecedented stimulus package aimed at helping businesses, workers and retirees recover from the economic effects of the coronavirus...

A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in interest on the unremitted loan repayments.

The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence before the stock purchase.

The judge rejected the defendants’ argument that the complaint cannot be based solely on the funds’ underperformance but must contain more specific allegations.

Motives behind keeping higher cost, underperforming funds in plan alleged in the lawsuit include providing seed money for Wells Fargo to launch new fund products.

The lawsuit was previously dismissed because the alleged breach of fiduciary duty involved the amendment of plan benefits, which is a settlor, not a fiduciary, function; a judge...

Underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, are called into question.

The action, in part, addresses the concern plan sponsors had about the ability to understand—and to communicate to participants—these complex products.