Compliance

The IRS updates its Operational Compliance List periodically to reflect new legislation and IRS guidance, and it reflects that many provisions of the SECURE Act are in effect.

The lawsuit alleges the company failed to regularly monitor plan investments or remove ones that became imprudent.

The suit had charged the Navy defense contractor with selecting mutual funds with an average expense ratio of 0.81% when funds costing 0.41% were available.

In addition to a $14 million payment, the defendants agreed to retain an independent third-party investment consultant to review investment options in the plan, among other things.

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

The lawsuit had accused the company of making imprudent investment choices.

The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan excessive investment and recordkeeping fee suits.

Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting will move forward.

The president appears to want to pave the way for more ESG investing in retirement plans.

The complaint alleges that many of the funds offered by State Street in its staff retirement plan were selected and retained because the defendants benefited financially from their...

The case includes various allegations of self-dealing and fiduciary imprudence and disloyalty discretionary investment management services provided by Russell Investments to Caesars Entertainment.

The university has agreed to request competitive bids for administrative services in the next three to four years and maintain the lowest share class of plan investments, among...

Experts in a recent PLANSPONSOR webinar reviewed recent retirement plan litigation and what lessons plan sponsors can from cases and trends.

After a year of alternating decisions related to ESG investing, the proposal would amend ERISA to make it clear that workplace retirement plans can choose to consider such...

A proposal passed by a wide margin in the New York State Assembly would ensure that private-sector employees are automatically enrolled into the Secure Choice Savings Program, and...

The Improving Access to Retirement Savings Act parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently advanced out...

Plan sponsors, or their representatives, can refer to an updated IRS webpage to ensure submissions to the voluntary correction program are error-free.

The Securing a Strong Retirement Act asks the DOL to modify ERISA to allow plan sponsors to use a benchmark that’s a blend of different market indexes.

The agency says the relief applies to each plan year which falls inside the relief period, and provisions of the law are not limited to staff reductions caused...

The broker/dealer has agreed to a $1.5 million fine, a censure and an order to cease and desist from future violations.