Compliance

According to the complaint, by selecting Prudential-affiliated funds, the fiduciary defendants placed Prudential’s interests above the plan’s interests.

The life expectancy tables and applicable distribution period tables in the proposed regulations reflect longer life expectancies than the tables in the existing regulations.

Required Board approval before an employee could be eligible to participate in the SERP was not included in the original eligibility provision of the plan.

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

Their plea, addressed both to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer, comes some six months after the U.S. House passed its version of the...

In a brief to the Supreme Court, U.S. attorneys disagree with the implication that retirement plan participants actually know all the information in the mandatory disclosures made available...

It has been reported that the SEC is investigating sales and disclosure practices at VALIC, a unit of AIG, including its dealings with retirement plan participants at school...

Following some important appellate and Supreme Court decisions, it is “no longer good law” to presume as a general matter that ERISA class actions claims can’t be forced...

A new law, effective on January 1, provides that all employers sponsoring FSA plans must provide notice to participants of deadlines to withdraw funds.

CenturyLink seems to be off the hook regarding a specific fund offered in its 401(k), but its investment management company still faces litigation.

Among the non-monetary elements of the settlement is a requirement to conduct a recordkeeping RFP process that will result in a per-participant fee structure.

Although a judge said annuity relationships may be “akin to a hostage-type situation,” he still recommended the suit against Columbia University move forward.

Among other things, the lawsuit says Goldman Sachs did not prudently use revenue-sharing payments.

“Overall, it is an uncertain picture, but the SECURE Act is not dead in the water,” says Bradford Campbell, former EBSA head from 2006 to 2009. “I would...

Georgia’s Supreme Court found a contract that required the Board to provide a two-year notice before changing plan funding was not voided by subsequent plan restatements.

The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites.

Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit enforcement when no clear guidance exists.

A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for various details about plan investment decisions.

This protection by the PBGC is one reason for a string of lawsuits that challenge other nonprofit healthcare systems’ retirement plans’ status as “church plans” under ERISA.

The original complaint said a provider was allowed to add any mutual fund it wished, “regardless of whether the funds were duplicative of other options, had high costs,...