Compliance

ESOP plan committee and Republic Services defendants, as well as GreatBanc Trust Co., have agreed to a $7.9 million payment.

The plaintiffs failed twice to meet the so-called ‘Dudenhoeffer pleading standard’ before the U.S. District Court for the District of Minnesota, and now their appeal has been rejected...

The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees and other financial benefits for the firm.

A judge has denied John Hancock’s motion to dismiss the self-dealing lawsuit but did not submit a written order.

The proposal would allow catch-up contributions in 2021 and 2022 equal to the difference between an individual’s actual contributions and current federal limits on these accounts.

The allegations mirror those of other recently filed cases against both 401(k) and 403(b) plans.

The ERISA Advisory Council is asking the DOL to issue guidance on plan sponsor use of these programs which reunite people with unclaimed property as often as 72%...

The lawsuit accuses Matrix of unlawfully retaining fees and interest through nondisclosure and concealment.

A nonprofit was allowed to file for bankruptcy and exit the Kentucky Retirement System, but a federal court has ruled it still owed contributions while bankruptcy proceedings were...

Items effective in 2020 include several provisions of the SECURE Act.

The plaintiffs suggest the firm’s fiduciary failures were either from lack of a prudent process or from interest in getting discounts from the recordkeeper on other services.

The case against American Airlines is one of several alleging that the use of outdated mortality tables in determining DB plan benefits violates ERISA.

In an opinion piece, the senator offers three principles he believes bipartisan efforts should follow to solve the union pension crisis. 

A federal grand jury has indicted an Orange County man for fraudulently obtaining access to Boeing employees’ retirement accounts and stealing hundreds of thousands of dollars.

Companies lacking a retirement plan will be required to offer the savings option to their employees.

The complaint points to 2018 as an example year, suggesting that a significant percentage of funds in the plan at that time were “much more expensive than comparable...

The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the use of environmental, social and governance-themed investments.

One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that it is not named as a defendant.

The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring their claims.

A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.