Compliance

Fidelity was trustee to the 401(k) plans in question, but the lawsuit says it failed to monitor its affiliate in the day-to-day management of the funds.

Cerulli Associates does not anticipate a slowdown in adviser-mediated rollover activity in the foreseeable future—whether or not a strengthened fiduciary rule is approved by the DOL. 

Did you ever think so much controversy and confusion could be tied into one little word? 

It’s a particular skill of Congress to make the improbable appear promising—whether it comes to overturning the Affordable Care Act or, as was the case this week, delaying...

Fidelity has been fined $500,000 for failing to follow up on red flags that could have detected or prevented the theft of funds from senior investors.

The Supreme Court same-sex marriage decision is applied to retirement plans in IRS guidance.

The agency will post a notice about what's new for practitioners in January.

The list of changes in plan qualification requirements is used by retirement plan sponsors and practitioners submitting determination letter applications for their plan documents.

In the end, none of the various proposals moving in Congress around the omnibus appropriation budget deal regarding the fiduciary rule were included. 

Questions about compliance are optional, at least for now, and plan leakage is a new area of scrutiny.

ERISA attorney Nancy Ross explains the potential outcomes of Montanile v. Board of Trustees, a low-flying but potentially important Supreme Court case testing the difference between damages and...

The Women’s Pension Protection Act increases spousal protections and improves retirement plan coverage for long-term part-time workers.

A federal appeals court found easy grounds for approving a default judgement levied against a plan sponsor whom effectively ignored participants’ claims regarding delinquent employer contributions. 

Lawmakers and industry reps are concerned with where the proposal is heading, what’s in it and how fast it’s moving. 

Employee plans division leadership at the Internal Revenue Service candidly admits worsening budget constraints are making its job more difficult.

A congressional subcommittee heard testimony on the proposed bipartisan principles that go head to head with the fiduciary proposal.

Clients with pension plans undergoing distress or involuntary termination should know the agency issued a new table for determining expected retirement ages for participants.

The agency will share examination program priorities for the new year, among other things.

The SEC this week voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems—and the activities of brokers using them. 

Staunchly supporting the DOL’s fiduciary proposal, the Financial Planning Coalition calls out recent legislative stall tactics.