Compliance

The complaint points to 2018 as an example year, suggesting that a significant percentage of funds in the plan at that time were “much more expensive than comparable...

The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the use of environmental, social and governance-themed investments.

One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that it is not named as a defendant.

The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring their claims.

A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.

The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.

The company and its board of directors are accused of various fiduciary breaches in the operation of a sub-$300 million defined contribution plan.

Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less costly index TDF suite.

The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.

The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure to obtain cheaper share classes.

The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.

The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the expense of the plan and participants.

Multiple lawsuits have been filed recently that question the offering of active management funds to retirement plan participants.

Attorneys say employers considering whether, and what type, of multiple employer plan (MEP) to join will want to closely monitor the progress of guidance anticipated from the Department...

Analysts say the Department of Labor is officially reinstating the “five-part test” for determining fiduciary status.

The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last year by the National Association of Insurance Commissioners.

Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive private label CITs.

In a brief filed in the 9th U.S. Circuit Court of Appeals, the DOL argues that employer actions mandated by the program are sufficient for establishing and maintaining...

Prior standards presumed that all Section 457 plans were not pension plans and, therefore, were not subject to pension plan reporting requirements.