Compliance

A federal court rejected the PBGC’s attempts to recoup termination liabilities from a personal trust and an asset purchaser of the sponsoring plan.

The agency issued a final rule effective January 31.

The central claims in the proposed class action suggest plaintiffs feel they overpaid significantly for advisory services, with the excess payments essentially amounting to kickbacks returned to the...

In a brief filed in the U.S. Supreme Court, several federal agencies argue that their longstanding interpretation of the definition of church plan reflects the natural reading of...

A federal judge denied defendants’ motions in part because the plaintiff’s complaint states viable claims.

Advisers and service providers to defined contribution plans have spent millions of dollars pushing toward compliance with conflict of interest reforms that are now expected to be halted...

An employee at JPMorgan Chase argues the firm's retirement plan fees were not properly controlled and that conflicts of interest damaged performance.

An appellate court said neither party in the case has a serious stake in its outcome anymore, so the statutory issues should be decided by a court in...

The American Benefits Council issued a letter of support for the bill.

A federal court found that no amount of judgements from previous decisions had been satisfied.

The lawsuit calls out Schwab’s use of its own proprietary funds as well as the use of unallocated plan cash.

A direct order from President Trump regarding the fiduciary rule could be forthcoming imminently, and that is likely what it would take for the fiduciary rulemaking to truly...

Even if the DOL fiduciary rule is halted, working in clients' best interest is a "no-brainer," says Joe Ready of Wells Fargo.

Among other things, a federal court determined that, although the plaintiff signed a release of claims when terminated, the claims on behalf of the plan could not be...

The case involves a complicated leveraged buyout of an ESOP that left participants with worthless stock.

On the high-level question, “Is every communication with a financial adviser about retirement accounts a fiduciary recommendation?,” DOL answers simply, “No.”

Under the proposal, employer contributions to a plan would be able to qualify as QMACs or QNECs if they satisfy applicable nonforfeitability and distribution requirements at the time...

When the agency established a pre-approved plan program for 403(b)s, it allowed for a remedial amendment period to retroactively correct plan operational failures.

The agency regularly monitors single-employer DB plans for signs of potential distress.

“After April 10, advisers who are paid to make recommendations about retirement accounts, such as individual retirement accounts [IRAs] and 401(k) accounts, will be treated as fiduciaries,” DOL...