Compliance

The lawsuit also alleges the defendants did not collect delinquent outstanding loan repayments owed to the retirement plan.

The company has agreed to pay $4.5 million to resolve a lawsuit alleging it failed to drop the company stock fund from its retirement plan after it was...

According to its author, the legislation will “delay the implementation of a job-destroying rule … giving Congress and President-elect Donald Trump adequate time to re-evaluate this harmful regulation.”

The guidance outlines how plan sponsors must use the My Plan Administration Account portal to electronically submit premium filings in accordance with PBGC’s regulations.

The lawsuit alleges the price at which shares of the ESOP were sold was artificially inflated.

A court found Prudential was not acting as a fiduciary and an employer’s 401(k) plan menu and use of an investment selection tool were appropriate.

The agency wants to hear about issues involving a two-pool withdrawal liability method.

So called “stock drop” litigation remains a concern for many in 2017, but recently some employers have posted key court victories and successfully defended their ESOP investment decisions. 

A federal judge found AARP did not prove irreparable harm to its members and is unlikely to succeed on the merits of its case.

Using a relevant Supreme Court decision, a federal district court judge found there was no genuine issue of material fact showing agreements with unions promised inalterable lifetime health...

The complaint says having different recordkeepers for a traditional DC plan and a 403(b) plan caused participants to pay too much for services.

In response to a question about TIAA’s Income for Life Custom Portfolios, the Department of Labor noted that in the preamble to its QDIA regulations it said other...

These proposed regulations would update the mortality tables used to determine minimum required contributions for single-employer plans.

The update is aimed at clarifying what the law requires of fiduciaries in regards to proxy voting and shareholder engagement in employee benefits plans.

Four previous applications were denied by the U.S. Treasury Department.

According to EBSA, the SeaBoard Management money purchase plan trustees breached their fiduciary duties by failing to take action to recover funds owed to the plan, which were...

One proposed avenue of tax reform would treat the Social Security and Railroad Retirement programs in the same way that defined benefit pensions are treated.

Groom Law Group attorney Saxon writes opinion and advice on the legislative and regulatory changes affecting plan sponsors today.

Among the charges is that, prior to 2011, the plan included too many, and duplicative, investment options.

ERISA lawsuits against retirement plans in 2016 have included new allegations not seen before and have spread to target different types of plans and plan sponsors, and experts...