Compliance

The new complaint closely resembles others that have been filed by the Capozzi Adler P.C. law firm.

The legislation provides for a state-run auto-IRA program as well as a marketplace from which employers can choose low-cost retirement savings plans.

There is bipartisan support building around the idea of allowing the most stressed union pensions to enact “partitions” in order to remain solvent, but the real challenge is...

The lawsuit accuses BBVA of mismanaging a $100 million money market fund ‘that was the investment equivalent of stuffing cash into a mattress.’ The interim ruling highlights the...

The agency published an issue snapshot explaining special catch-up contribution rules after issuing a program letter saying such contributions will be a focus of examinations.

State and local tax treatment of coronavirus-related distributions from retirement plans may be different from federal tax treatment.

The plan in question in smaller than many that have been subject to excessive fee litigation, underscoring the trend that smaller plans are also potential targets for class...

The draft legislation also includes a proposed extension of amortization of required annual funding amounts for single-employer pensions.

The agency has also announced an increase in the FSA carryover amount.

The second suit, filed on behalf of participants rather than plan sponsors, largely mirrors the first in its allegations of prohibited transactions, excessive fees and other fiduciary breaches

There were discussions to include proposals for multiemployer pensions in previously passed coronavirus relief bills, but efforts fell apart.

Instituted in response to the coronavirus pandemic, the dual paper and electronic filing policy will remain in effect until the revenue procedure is modified or superseded.

The guidance explains how repayment of coronavirus-related distributions works and whether plan sponsors are required to accept them, among other things.

Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings Plan allowed it to design an unfavorable investment...

The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”

Johnson & Johnson successfully argued that the plaintiffs have not met the pleading standards established by Fifth-Third v. Dudenhoeffer, however, the court granted them leave to amend their...

The plaintiff in the case says Host’s tip policy interferes with his and others’ ability to defer income under the terms of the plan and discriminates against tipped...

The plaintiffs say they seek similar remedies as those in a settlement that was court-approved in a case against Duke University.