Compliance

A bill that would repeal much of the Dodd-Frank Wall Street Reform Act and block the DOL fiduciary rule has cleared the House Financial Services Committee. 

Many providers have supported the moves by the House and Senate to effectively slow the creation of state- and city-run retirement plans for the private sector, but other...

A district court judge found the plaintiffs “have pleaded sufficient facts from which the Court can reasonably infer that Starwood employed a flawed process for selecting recordkeeping and...

Among other things, FSR said Treasury should replace the DOL's current fiduciary rule with a “best interest standard” adopted by SEC and state insurance regulators.

Congress is still considering the idea of making defined contribution (DC) deferrals after-tax (Roth) instead of pre-tax.

The text of the latest appellate court decision offers some food for thought about whether and to what extent there is a “distinction between investment decisions and divestment...

Andrew Acosta’s appointment as Secretary of Labor was more or less a non-event from the perspective of the wider media and the general political conversation—but it is an...

The legislation would give workers who leave their jobs up until they file their federal taxes to repay loans they’ve taken out of their DC plans, among other...

The agency says gaining additional insight into Americans’ decisionmaking processes and experiences will “provide policymakers and the research community with valuable information that can be used to guide...

A memorandum suggests there are two ways an employer can determine the highest outstanding loan balance in the past year when calculating the amount of an additional loan...

Plaintiffs unsuccessfully alleged plan fiduciaries should have known that an investment option had the “clear indicia of a growth stock,” and did not meet purported investing criteria of...

While the Department of Labor has signaled it could do another delay of the fiduciary rule prior to June 9, the more likely course is that it will...

While the advisory firm has now been dismissed from the pool of defendants, the wider case itself will still apparently move forward.

Department of Labor investigators secured a judgement restoring more than $40,000 to plan participants working for a Michigan tire manufacturer. 

President Trump has pledged to introduce his tax reform proposals on or around April 26, adding to speculation about how tax-deferred retirement assets may be treated. 

The plaintiffs seek to represent participants in more than 300 retirement plans which were invested in 78 stable value funds, according to the court’s order.

The proposal addresses the auditor’s responsibilities to form an opinion and report on the financial statements of ERISA plans, and the form and content of such reporting.

Summarizing its decision, the court observes, “It is well established that the test of prudence ... is one of conduct, and not a test of the result of...

A memo offers examples and would be a helpful guide for cash balance plan sponsors to assess whether their plan offers definitely determinable benefits.

Plan sponsors with individually designed plan documents may want to adopt a pre-approved plan since the end of the IRS determination letter program.