Compliance

The lawsuit asserts that fiduciaries to the Fujitsu Group Defined Contribution and 401(k) Plan hired an investment adviser with no public track record of managing or designing TDFs...

An appellate court agreed with a lower court that the plan’s purpose was not to provide deferred compensation or retirement income.

There are only three cases for which a retirement plan sponsor with an individually designed plan may request a determination letter.

The lawsuit argued that even a $9 million dollar, 114-participant plan has the ability to negotiate for substantially lower fees than an individual would pay.

Plaintiffs alleged their retirement plan sponsor engaged in self-dealing by favoring its own products in the plan and otherwise failing to meet the requirements of care mandated by...

An Ohio-based transportation and logistics company is accused of overpricing its company stock by nearly $6 million. 

PLANSPONSOR spoke with Anne Lester from J.P. Morgan to test her optimism about the potential for any new retirement-related legislation to continue the progress made post-PPA.

The U.S. Supreme Court denied a petition for writ of certiorari that questioned its logic in the case of Fifth Third Bancorp v. Dudenhoeffer.

A federal judge has certified as a class action a case regarding Great-West Life & Annuity Insurance Company’s handling of a guaranteed income fund for retirement plan participants.

According to a federal court, Pamela Neely is a plan fiduciary because she controls assets of the plan she received as an overpayment.

The proposed regulations clarify that the rules under Section 409A apply to nonqualified deferred compensation (NQDC) plans separately and in addition to the rules under Section 457A.

As proposed, the regulations would impact the tax burdens of participants and beneficiaries of deferred compensation plans of state and local governments, as well as other tax-exempt entities. 

The agency proposed nondiscrimination relief for closed defined benefit (DB) plans in January.

The Retirement Savings Lost and Found Act aims at simplifying the process of first locating and then consolidating abandoned defined contribution plan accounts. 

Witnesses speaking during a Senate subcommittee hearing expressed the benefits of allowing open multiple employer plans for small businesses and discussed what legislation about them should include.

Under final wellness program rules, employees must receive a notice describing what information will be collected as part of the wellness program, who will receive it, how it...

While other lawsuits question a retirement plan’s “church plan” status, a new suit contends a church plan elected to be an ERISA plan, but failed to comply with...

The recordkeeper agrees to pay $31 million to cover claims of excessive fees in its retirement plans.

The IRS has announced a new strategy for retirement plan compliance efforts. What should plan sponsors do to prepare for their next compliance check questionnaire?

The final fiduciary rule is out, so what do you need to know? And, just as important, what can you do right now to prepare?