Compliance

Recordkeepers and asset managers want more flexibility in terms of how their clients generate newly mandated lifetime income projections on retirement plan statements.

In light of a lack of guidance from the DOL on how sponsors should protect their plans from cyberattacks, speakers laid out best practices.

The allegations are similar to many other pieces of litigation challenging the use of actively managed funds over passive funds and the use of higher-cost share classes.

The settlement is limited to the single claim that survived summary judgment, related to the share class of the TIAA-CREF Lifecycle Funds.

The complaint suggests the plan’s recordkeeping expenses demonstrate that defendants failed to engage in prudent monitoring and engage in prudent practices to keep those costs at competitive levels.

In the settlement agreement, OSF Health admits no wrongdoing, but the hospital system agrees to pay a sum of $25 million to better fund its pension plan.

As the nation’s top retirement and health plan regulator, Preston Rutledge oversaw an agency of more than 800 employee benefits professionals in offices throughout the United States.

Experts explained regulations and legislation from Washington, D.C., as well as what employers can do if they ever face ERISA litigation.

While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed.

Mutual of Omaha and United of Omaha agreed to pay $6.7 million to settle claims they selected certain investment options for Mutual of Omaha’s 401(k) plan to benefit...

The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant, but it does extensively discuss Prudential’s GoalMaker investment...

Speakers primarily discussed what responsibilities the CARES Act has put on the shoulders of plan sponsors.

This year’s conference opened with a lively discussion about the changes plan sponsors are experiencing, the new issues to which they need to turn their attention and what...

Because downside protection promised for certain funds wasn’t provided and it wasn’t warned, the committee for defined benefit plans of the Blue Cross and Blue Shield Association says...

Now that the U.S. Supreme Court has decided the ‘actual knowledge’ issue, perhaps the industry will get a court ruling about the use of alternative investments in TDFs.

Political strategists discussed Social Security, the payroll tax deferral and student loan debt.

The lawsuit says fiduciaries of the multiple employer plan failed to ensure reasonable fees for administration and investments and acted in Pentegra’s interest by continuing to allow Pentegra...

There was only one claim left in the lawsuit that was scheduled for trial to begin on September 29.

The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.

The agency estimates that McClatchy’s plan is 57% funded with approximately $1.3 billion in assets and $2.3 billion in benefit liabilities.