Compliance

Company 401(k) plan fiduciaries are accused of failing to negotiate for better fees, switch to collective trusts and switch to lower-cost share classes for investments.

The lawsuit also calls out what it says are ‘additional objectively imprudent investment options,’ and claims recordkeeping fees were excessive.

Providers of pooled employer plans (PEPs) must first register with the DOL before plans can begin operating.

The Tax Cuts and Jobs Act provided for an extension of the period a retirement plan participant has to roll over plan loan offset amounts in certain cases.

The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements.

The plaintiffs in a new ERISA lawsuit say Liberty Mutual is not meeting the terms of summary plan descriptions sent to certain employees after the company’s 2008 Safeco...

The notice also clarifies that plan administrators are not required to provide a Section 402(f) notice to a recipient of a coronavirus-related distribution created by the CARES Act.

The allegations are similar to other ERISA excessive fee suits, including a challenge to the use of the Fidelity Freedom Funds TDF series.

In addition to a $39.5 million payment, the firm has agreed to a number of prospective steps to ensure reasonable expenses.

Helping to explain the break with the post-Dudenhoeffer tradition of courts rejecting similar stock-drop suits, the majority opinion in this matter seems to draw a distinction based on...

Among other things, the lawsuit alleges the health care system unreasonably maintained investment advisers and consultants despite the known availability of others with lower costs and/or better performance...

A federal judge found the plaintiffs did not show they suffered an injury by American’s decision to include a credit union fund rather than a stable value fund...

A new lawsuit claims the defendants failed to compare the merits of active and index target-date fund suites managed by Fidelity.

As both Senate and House proposals would pump trillions of dollars into the economy to aid staggering unemployment figures, concerns of possible inflation years down the line have...

A previous ruling was handed down in the case in January, when the parties were given an opportunity to submit supplemental briefings as to the meaning of ‘actuarial...

Some argue the fiduciary proposal is being rushed, while others broadly support the Department of Labor’s aim to align its regulations with the Securities and Exchange Commission.

The financial hardship faced by the American Federation of Musicians and Employers’ Pension Fund is characteristic of a broader problem—one that Congress is divided on how to address.