Compliance

It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for retirees who had previously received a workers’ compensation...

Attorneys discussed the clarity it provides, due diligence required and the hurdle of getting participants to accept annuities.

They found that some of the clients the attorneys were representing were former committee members alleged to have committed ERISA violations.

The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual fund companies.

The premiums would increase by $26 billion over 10 years.

A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate benefits.

Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data when calculating the value of certain pension benefits.

For example, language should be inserted to reflect that the age for taking required minimum distributions (RMDs) has been increased to 72.

Seeing a paltry “retirement paycheck” estimate may shock a lot of participants into making greater contributions to their retirement accounts.

The complaint stresses that, under ERISA, the “present values” of a joint and survivor annuity and a single life annuity must be equal for them to be “actuarially...

The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.

A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC has been reversed.

A court has ruled against CBIZ’s motion for summary judgement in a lawsuit accusing the firm of making costly actuarial errors.

The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of benefits in accordance with the reformed plan was...

Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.

The complaint states that the plan’s investment options and fees “cannot be justified.”

Open MEPs are now PEPs, and additional guidance is needed about requirements for PEPs and other provisions of the SECURE Act.

Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees who formerly worked for Acme.