Compliance

The financial firm will pay $6,900,000 in settlement.

The agency accuses the system of passing over a 53-year-old with 25 years’ experience to hire a 23-year-old with less than two years’ experience.

A multi-agency investigation found that from approximately May 2011 through August 2012, the business owner unlawfully embezzled and converted approximately $31,403 in deferred contributions from employees.

For one thing, the appellate court noted that the plaintiff did not use a sufficient benchmark to show that Wells Fargo’s TDFs were an imprudent investment for its...

Plaintiffs seek government compensation for participants “prevented from accessing their own financial property.”

ERIC asks that employers with ERISA plans be exempt from the city program—also that the city council change the program’s eligibility criteria.

In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not proven that the NYU retirement plans committee acted...

One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce PBGC premiums.

The new ruling in Barrett vs. Pioneer does little to resolve the fundamental issues at hand, offering some points of victory to both sides and implying a new amended...

In an open letter asking for more detailed guidance, the ERISA Industry Committee spells out what it says are “examples of missteps” by the DOL, including “issuing letters...

If plan sponsors have suggestions and or would like to express support for health savings accounts, now is a good time to let members of Congress know, or...

The concept is being reintroduced through the American Savings Act

In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of prudence; discussion of counts alleging breaches of the...

While they won the day, defendants unsuccessfully argued that the Dudenhoeffer pleading standards should be applied not only to prudence claims, but to loyalty claims as well.

The panel concludes that the dispute against the University of Southern California fell outside the scope of the arbitration agreements that the participants signed.

As noted on the updated PBGC website, effective immediately, the federal pension insurance program has a new set of addresses for plan sponsors sending premium payments and correspondence.

Passionate testimony from a Teamster to the Joint Select Committee on the Solvency of Multiemployer Pension Plans appeared to outshine that from three financial experts.