Compliance

The complaint alleges that an imprudent fiduciary process resulted in the selection and maintenance of several funds in the plan that ‘wasted assets because of unnecessary costs.’

According to an SEC announcement, Equitable gave investors the false impression that their quarterly account statements listed all fees paid during the period.

The defendants contest their process ensures that any fees paid by participants are reasonable and all services and investment offerings are in the best interests of the participants.

Solvency issues tend to be much less of a concern for people already living in retirement than they are for people who are on the cusp of retirement...

Labor Secretary Marty Walsh has alleged several ERISA breaches.   

The gross settlement amount tops $1 million, of which a third can be used to pay the plaintiffs’ attorneys’ fees.

A plan participant saw her whole defined contribution retirement account balance vanish.   

An educational institution is the latest to face a lawsuit alleging that plan fiduciaries breached their fiduciary duties to participants.

After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized within the Pension Benefit Guaranty Corporation.

The plaintiffs say the defendants failed to leverage the size of Kellogg’s plan to secure reasonable fees for recordkeeping and managed account services.

The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.

For certain 403(b) plan participants at New Jersey school districts, more choices could facilitate additional retirement strategy personalization, one bill supporter says.    

The arguments in the new lawsuit closely resemble those in cases previously filed by plaintiffs represented by the highly active law firm Capozzi Adler.

The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee Retirement Income Security Act lawsuit filed against the...

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote...

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and...

Investment consultants' sustainability group and others are supportive, while financial services firms and asset managers raise objections.

The bill would allow workers’ 401(k) accounts to be automatically rolled over from a previous employer to a new employer.