Compliance

Improper asset transfers and process failures are at the heart of a complaint filed by EBSA on behalf of clients of a Pennsylvania-based advisory firm.

The lawsuit claims the investment manager selected and retained relatively high-cost and poor-performing investment options for its 401(k) plan, some of which were managed for profit by Morgan...

This is the second lawsuit filed against Columbia University this week.

Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.

SEI recommends that retirement plan sponsors hire a discretionary investment manager who can provide greater fiduciary insulation and hire or fire investment managers within a fund, resulting in...

The lawsuit claims the university’s 403(b) plans’ investment options were imprudent and expensive.

The plaintiffs serving as representatives of the class include the City of Birmingham Retirement and Relief System.

The complaints are nearly identical, with a few exceptions.

A district court’s decision allowing self-dealing accusations against Allianz to proceed offers some important points of consideration for plan officials, especially as it pertains to documentation and pleading...

There are still many things plan sponsors can do under current legislation and regulations to improve retirement security of American workers.

The suit calls out the traditional 403(b) plan model of offering multiple funds, including individual annuities, and using multiple recordkeepers.

It also provided guidance about how to convert a traditional pension to a cash balance plan.

It’s not just private, for-profit employers who are being accused of fiduciary breaches by ERISA litigators.

The 9th Circuit will review whether the plaintiff can raise an “ongoing-duty-to-monitor” argument in his retirement plan excessive fee suit.

The spouse of a deceased participant in the plan argued that the provision’s requirement that she share the cost of arbitration violated ERISA.

The health system will pay millions to its plans and former participants and agreed to keep the plan sufficiently funded.

The Board identifies pensions and other post-retirement benefits as an area of financial reporting in need of improvement.

IRS is hosting a free webcast August 25 about the ongoing efforts of its Employee Plans Compliance Unit.

The case calls out one fund in particular, which it says “was larded with high fees and has suffered from consistently abysmal performance.”