Compliance

The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.

A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC has been reversed.

A court has ruled against CBIZ’s motion for summary judgement in a lawsuit accusing the firm of making costly actuarial errors.

The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of benefits in accordance with the reformed plan was...

Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.

The complaint states that the plan’s investment options and fees “cannot be justified.”

Open MEPs are now PEPs, and additional guidance is needed about requirements for PEPs and other provisions of the SECURE Act.

Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees who formerly worked for Acme.

The parties in Belknap v. Partners Healthcare System have been given an opportunity to submit supplemental briefing as to the meaning of “actuarial equivalent” under the relevant statutes.

Among other allegations, the litigation says Shell Oil fiduciaries allowed Fidelity to inappropriately utilize plan data for its own commercial purposes.

The SECURE Act extended the age at which RMDs take effect from 70 1/2 to 72, but financial institutions may not have had time to change their notice...

The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.

A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed a categorical heightened pleading standard on ERISA plaintiffs.”

The firm has consented to a FINRA censure and a fine, based on allegations that it provided inaccurate expense and performance information to some retirement plan clients.

The latest appeal for union pension benefit reductions could result in more than 20,000 musicians seeing reductions ranging from 2% to 40% in their monthly benefits.

The Delaware Attorney General’s Investor Protection Unit says the representative took advantage of 403(b) participants who were confused about the transition to a single provider.

The Supreme Court has issued a limited ruling in a case that could have had a big impact on the filing and resolution of so-called “stock drop” lawsuits.

The defendants have agreed to pay a gross settlement amount of $12,375,000 to resolve all claims.

Under the Multiemployer Pension Reform Act, if one or more of the plans in the merger is in critical and declining status and appears to become insolvent within...

A federal district court has refused to reconsider its ruling that Cigna is carrying out its orders correctly in the cash balance conversion case.