Compliance

SEC-mandated regulatory filings from Wells Fargo Advisors have triggered state and federal inquiries into whether the firm’s advisers have made inappropriate referrals or recommendations, including with respect to...

A staffing firm sent an email to the applicant telling him he would no longer be considered for a position because he was “born in 1945,” and “age...

In a new case, the Supreme Court said the 6th U.S. Circuit Court of Appeals used the same inferences it rejected in a 2015 decision in M&G Polymers...

The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as a fiduciary to a benefit plan for 13...

The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a new limitation applicable to majority owners.

For an individual with self-only coverage, nothing has changed since the IRS announced limits in 2017.

The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.

Under the proposed legislation, any employer or public official who willfully fails to make contributions to public pension plans can face a sentence as low as a $100...

Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S. university.

In addition, a federal judge dismissed a third complaint against NYU—naming its adviser as a defendant—as a duplicative action.

Just as another court did in a similar complaint against John Hancock, brought by the same plaintiffs, the 9th Circuit ultimately found Transamerica was not acting as a...

A blueprint from the Insured Retirement Institute offers a guide for its dialogue with Congress and the Administration about improving Americans’ retirement outlook.

Under a new bill in the California legislature, the state’s Human Resources Department would administer and oversee a defined contribution-type program for state employees, redirecting matching contributions that...

The 1st U.S. Circuit Court of Appeals found that Fidelity’s decision to obtain more secure wrap coverage for the stable value fund was reasonable.

However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s portfolio remain unchanged: December 1, 2018, for larger...

One point the appellate court clearly noted is that the plaintiff did not allege that the new company failed to pay him any benefits he was owed.

Complaints against individual defendants, however, were not dropped.

Citing other courts, an appellate court agreed that “Congress could not have intended ERISA to allow one spouse to recover benefits after intentionally killing the other spouse.”

A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least one of the subdivisions of ERISA Rule 23(b).

U.S. Fiduciary Services and three of its subsidiaries agreed to provide payment of more than $7 million to 42 retirement plans.