Compliance

While some Roth IRAs hold tens of millions of dollars, as of 2013 the median account value was $25,000. 

Rather than a single-sum payment, the IRS believes many participants are better served by having the opportunity to elect to receive a portion of their retirement benefits in...

The appellate court in California said public employees have a “vested right” to a pension that is a “reasonable” pension—not an immutable entitlement to the most optimal formula...

GAO gave the DOL seven recommendations to address 401(k) plan sponsors’ fear of offering lifetime income options in their plans.

The Senate Special Committee on Aging heard about the Bipartisan Policy Center (BPC) Commission's recommendations that could increase and improve retirement savings.

A brochure includes a checklist for government DC plan sponsors.

The notice also includes a modified unisex version of the mortality tables for use in determining minimum present value for distributions.

Retirement plan service providers are putting their heads together on solving retirement account portability issues. 

A court said since the amount owed to the 401(k) plan was due to the fiduciary not performing his duties to the 401(k), it is non-dischargeable under bankruptcy...

A now-defunct medical research company failed to remit employer and employee contributions to the plan between 2010 and 2013.

An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....

The IRS has moved to allow plan participants impacted directly by historic flooding in Louisiana to utilize retirement savings in the recovery effort.  

The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.

Filing a “friend of the court” brief in support of the DOL’s new fiduciary rule, the Financial Planning Coalition argues advisers will be able to adapt successfully to...

In the presence of “a variety of mitigating circumstances,” taxpayers can now qualify for a waiver of the 60-day time limit generally placed on tax-free plan-to-plan or individual...

The DOL also released a proposal to help a limited number of cities and local governments automatically enroll employees into IRAs.

For individuals, the cap is raised by $50 to $3,400.

A Neuberger Berman analysis of House Republicans’ tax and retirement policy proposals indicates fundamental tax reform is unlikely, but portends smaller changes. 

Participants filed the proposed class action lawsuit despite the fact that the firm has already been successful in defending practices related to ownership of float income. 

Similar to other self-dealing suits recently filed against well-known retirement plan providers, Edward Jones is accused of favoring its own investments and those of its “preferred partners” in...