Compliance

A participant in Safeway Inc.’s 401(k) plan is suing the plan sponsor, its benefits committee and its recordkeeper for breaching their fiduciary duties and/or engaging in ERISA prohibited...

The SEC adopted new final rules to enhance information reported by registered investment advisers under Form ADV. 

The Financial Planning Coalition filed a “friend of the court” brief supporting the Department of Labor in its ongoing court battles over the new fiduciary rule. 

The IRS has eased the timeline for investors hoping to avoid taxes and penalties while moving money plan-to-plan or to an individual retirement account. 

In addition, the DOL also released a proposed rule that would help a limited number of cities and other local governments to enact similar measures.

For individuals, the cap is raised by $50 to $3,400.

A Neuberger Berman analysis shows that House Republicans’ tax and retirement policy proposals may suggest a push toward a universal savings account and a consolidation of current tax...

Employees of HP Inc. and United Airlines filed suit over treatment of returns and interest on “float income” generated by cash in transit. 

Plan officials are accused of steering participants into investments that charged improper amounts of revenue-sharing and other fees that benefitted the mutual fund partners of Edward Jones. 

Key aspects of the ERISA-based complaint are back under consideration in light of the Supreme Court's 2014 decision in Fifth-Third Bancorp vs. Dudenhoeffer.

A complaint filed in a Pennsylvania district court by the DOL’s Employee Benefits Security Administration alleges a list of ERISA infractions related to fees, documents, disclosures and processes...

The lawsuit also says there were investment options other than proprietary options that underperformed and charged excessive fees.

As with the previous lawsuits, the complaints call out the large number of investment options offered to participants, high expenses for these investment options and the use of...

Attorneys point out that 403(b) plans have distinctions from 401(k) plans that cause them to have a different model.

SEI held a webinar looking at how DC plans are changing and what this means for plan sponsors

Another law firm has joined in the filing of lawsuits against major universities' 403(b) plan designs.

All lawsuits accuse major universities of not using their bargaining power to get lower fees for recordkeeping and investments.

In a complex but informative ruling, a federal judge describes why many aspects of an ERISA complaint leveled against Allianz Asset Management should be allowed to proceed to...

According to the compliant, the university failed to use the plan’s bargaining power, causing the plan to pay “unreasonable and greatly excessive fees for recordkeeping, administrative, and investment...

The law firm of Schlichter, Bogard and Denton has unveiled new ERISA litigation targeting the MIT, NYU and Yale University.