Compliance

The IRS mails a compliance statement to plan sponsors that have entered a VCP submission after proposed corrections have been agreed upon.

Allegations are similar to a number of other self-dealing lawsuits against fund managers this year.

The case stemmed from the activities of workers who reported on the trustee’s interference with collections and contributions from unionized employers.

“One of the steps to take before terminating your retirement plan is to make sure your plan document includes all law changes your plan was required to follow as of...

An IRS announcement will surely be welcome news to some plan sponsors, who have increasingly cited the issue of missing participants and beneficiaries as a top concern to...

The appellate court agreed with a lower court that the health provider’s pension plan did not fit the definition of ‘church plan’ under ERISA.

The bank will pay at least $60 million to ERISA plan clients.

Employers may be impacted by the rule if they provide to their employees information about HSAs that crosses the line from general investment education to investment advice, according...

The DOL notes that the program seeks to assist those workers who have traditionally lacked access to an employer-provided retirement benefits program or are otherwise less likely to...

A federal court has removed the plan’s fiduciary and replaced him with an independent fiduciary.

The Council will study participant plan transfers and account consolidation as well as cyber security concerns.

Appellate courts have ruled that the pension plans of Advocate Health Care and St. Peter's Healthcare System are not “church plans” under ERISA.

The bank has agreed to pay $335 million to settle a lawsuit brought by the Pennsylvania Public School Employees’ Retirement System.

A net settlement fund of approximately $4.345 million will be divided among eligible class members, according to attorneys for the participants in Avon’s defined contribution retirement plan.

This year, Social Security will spend $15.7 billion more than it collects in taxes.

The settlement agreement orders the fund to adopt a new selection policy and engage in a new search process.

The appellate court concluded the Ohio pension fund plausibly alleged facts to support its claims.

A federal appellate court found the consultant was not acting as a plan fiduciary.

The fund had an annual costs of 35 bps per year in the plans being targeted by the latest self-dealing lawsuit.

Plaintiffs say the “artificial inflation of the company stock price” made Target shares a bad investment for the ESOP.