Compliance

Attendees at the virtual conference learned about what it takes to operate a plan that complies with all regulatory responsibilities and protects the employer and its benefits staff...

In addition to a $3.9 million payment, the fiduciaries will retain an independent consultant to review investments and fees.

Beyond claiming the imprudent payment by fiduciaries of excessive fees for recordkeeping, the lawsuit also alleges the defendants failed to properly disclose the fees charged to participants in...

Retirement plan sponsors may have difficulty achieving full compliance with the DOL’s cybersecurity guidance because many of the required actions are controlled by their service providers.

Most defined contribution plan participants can defer up to $20,500 to plans in 2022.

Though the document addresses changes for 401(k) plans, all but one of them applies to 403(b) plans as well.

The Department of Labor says the plan’s ownership interest was sold for less than market value, effectively transferring the rest of the stock’s value to board members and...

The complaint suggests the plan should have been able to negotiate highly competitive rates for investment and administrative services but failed to do so.

In addition to confirming the removal of challenged target-date funds, the defendants in the suit have agreed to a payment of $13.75 million.

The IRS reminds retirement plan sponsors of rules that, if broken, can result in loan amounts being deemed distributions.

The agency has issued two FAQ documents addressing pension plan rules when rehiring retirees and says federal departments are holding webinars to address staff shortages in public school...

Among other things, the plaintiffs allege the GoalMaker service disfavored funds in the plan’s investment menu that did not pay kickbacks to Prudential.

They say ERISA pre-empts the state-run retirement program, therefore invalidating it, but that argument has been previously rejected by both an appellate and a district court.

A judge found the interests of a subclass of terminated, vested participants were adequately protected in a newly proposed settlement.

A court found the terms of the agreement were broad enough to reject the plaintiff’s argument that he should be able to sue because his claims belong to,...

A court found an employer ‘contributed’ to a supplemental AD&D policy by paying for basic AD&D insurance and that it ‘established’ the plan by negotiating terms with the...

The plaintiffs suggest that two sizeable Deloitte retirement plans should have been able to negotiate a recordkeeping cost in the low $20 range.