Compliance

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) announced a direct final rule that provides a two-month grace period for participant-directed individual account plans, such as...

The Department of Labor (DOL) contends that, when establishing an employee stock ownership plan (ESOP), a company’s owner sought to inflate the company’s stock price to benefit himself.

In a letter to the Office of Management and Budget, GOP senators predict dire consequences for American workers if the "fiduciary rule" has not changed significantly from the...

According to the Pension Rights Center, the nation faces an almost $8 trillion shortfall in retirement income.

Automatic enrollment is touted as a must-use feature for defined contribution retirement plan sponsors to increase plan participation, but many plan sponsors cannot use this feature.

The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a major tobacco producer.

The Department of Labor’s Employee Benefits Security Administration is holding a Voluntary Fiduciary Correction Program webinar in March.

A bipartisan group of U.S. House members penned an open letter to the Department of Labor that demands more detail be shared about the ongoing fiduciary redefinition effort.

Legislation has been introduced that would increase the cap on deferrals and matching contributions for safe harbor plans.

Implications of two litigation outcomes in June 2014 depend on the type of employee stock ownership plan an employer offers.

Multinational pharmaceutical company Sanofi is being investigated for possible ERISA violations after continuing to offer company stock as a retirement plan investment option, despite alleged knowledge that it...

A decision from The 9th U.S. Circuit Court of Appeals confirms a lower court ruling that a retirement plan membership letter and beneficiary designation form for a nonqualified...

New York City has launched the New York City Retirement Security Study Group, a panel tasked with advancing private-sector retirement security solutions for city residents during 2015.

A number of elected officials have emerged on the side of financial advisers in opposing the Department of Labor’s fiduciary redefinition effort—introducing ambitious legislation to block changes to...

The IRS has updated its website about 457(b) plan submissions to its voluntary compliance program.

The IRS has released a publication to help tax-exempt and governmental entities choose a retirement plan.

An employer’s failure to notify employees that their pension assets were transferred to another plan resulted in a court ruling that it owed pension benefits to employees.

The GAO recommends that the Department of Labor require defined benefit plan sponsors to notify the agency when they offer lump-sum payment windows.

A webcast series from the DOL aims to help increase awareness and understanding about basic fiduciary responsibilities for plan sponsors of retirement or health benefit plans.

A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department of Labor sued over misuse of assets.