Compliance

According to the settlement agreement, more than 21,000 class members will share in the nearly $10 million payment.

Invesco Trust Company agreed to pay a total of $10.27 million to settle the department's claims.

A new correction method was introduced earlier this month.

In a letter to lawmakers, ICI's president urged Congress to support bills that offer a different way to implement a best interest standard.

A district court judge said her reading of the U.S. Supreme Court's decision in Fifth Thirdv. Dudenhoeffer does not preclude application of the "alternative action" standard to closely...

The Pension Benefit Guaranty Corporation is proposing to cut penalties for late payment of premiums in an effort to reduce costs and make it easier for plan sponsors...

The 9th Circuit reversed a district court decision that a participant did not prove he was entitled to benefits, saying the burden of proof should be on the...

The suit alleges a law firm president and owner caused the company’s retirement plan to loan thousands of dollars to real estate deals he controlled.

The DOL alleged that James Brunk and Brunk Industries Inc. failed to collect prevailing wage employer contributions for the employees’ 401(k) plan provided by government contracts for work...

The webcast will address treatment of different types of employees ways to fix universal availability errors, among other things.

A lawsuit filed by the Labor Department in 2015 alleged City National Corp.'s payments to its own staff to administer its 401(k) led to excessive fees for plan...

Senators are concerned that advisers won't work with smaller accounts because of new legal liabilities associated with the fiduciary rule. 

The agency is offering its “Getting It Right – Know Your Fiduciary Responsibilities” seminar in five locations.

An attorney says the final fiduciary rule has addressed most concerns, particularly when it comes to education.

Lawmakers say the bill "ensures that Congress is raising premiums only if and when it is appropriate.”

On remand from the Supreme Court, an appellate court found Tibble forfeited his ongoing-duty-to-monitor argument.

Proposed rules providing nondiscrimination testing relief for certain DB plans is not affected.

A trustee to a profit sharing plan offered by a New Jersey-based marketing firm is accused of abandoning his responsibilities to the plan and its participants. 

One retirement plan recordkeeper says those advisers making predictions that a strengthened fiduciary rule will lead to less financial guidance and investment education for small-balance savers are missing...

Johanson agreed to some of the broadest restrictions the department has sought to date on an attorney's ability to advise parties concerning transactions that involve employee benefit plans...