Compliance

The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.

The case has been stayed until the parties can draft the settlement agreement.

While participants will be affected more than sponsors, sources say it is a best practice for sponsors to know when and how the rule applies and how providers...

A schedule to help plan sponsors track important due dates for their plan

The agency’s response to an entity requesting church plan status for its retirement plan offers its interpretation of relevant Internal Revenue Code and ERISA Sections.

403(b) plan sponsors should be aware of how their plan investments and fees stack up and of their fiduciary responsibilities, and they should better document decisions.

Jeffrey Slocum & Associates will pay some $500,000 into a settlement account in exchange for a release of all ERISA claims.

Trader Joe’s retirement plan committee is accused of failing to seek competitive bids for recordkeeping, among other alleged fiduciary breaches.

It has agreed to pay $5 million into a settlement fund.

One unique feature of the complaint is a short discussion of Sageview Advisory Group being a “non-defendant fiduciary.”

The agency says the third six-year remedial amendment cycle for pre-approved defined benefit (DB) plans begins on May 1, 2020, and ends on January 31, 2025.

In addition, the bank has agreed to an independent review of funds in its 401(k) plan and to issue a request for information to multiple potential recordkeepers.

Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the ERISA fiduciary duty.

In 2019, the retirement plan industry saw the debate, support and eventual passage of the SECURE Act.

Although the complaint notes that the defendants acted to replace higher-cost share classes with lower-cost ones in 2019, it says that action did nothing to repair participants’ accounts...

The bill transfers certain funds to provide pension and health benefits for retired coal miners.

Sponsors can distribute assets from a 403(b)(7) custodial account, along with other measures.

The university says the high court should re-establish the pleading standard it previously set, as well as issue a decision to stop the pressure to settle cases against...

Passage of the SECURE Act is being hailed as a major accomplishment that will allow Congress to turn to other important retirement issues next year.