Compliance

The Securities and Exchange Commission (SEC) released the schedule for its upcoming Compliance Outreach Program regional seminars.

The Internal Revenue Service (IRS) is hosting a phone forum about good internal controls.

The Department of Labor (DOL) has weighed in on whether certain revenue sharing payments constitute plan assets under the Employee Retirement Income Security Act (ERISA).

Morningstar Credit Ratings, LLC, is now qualified as a “Rating Agency” as defined by the U.S. Department of Labor (DOL).

The Internal Revenue Service (IRS) will host phone forums discussing 401(k) plan corrections and audits.

ASPPA says a uniform fiduciary standard would cause confusion, but a coalition of other financial groups said retail customers would benefit from such a standard.  

The American Society of Pension Professionals & Actuaries (ASPPA) sent a comment letter to the Internal Revenue Service (IRS) regarding the use of forfeitures to fund ADP test...

Both 3(21) and 3(28) fiduciary capabilities from Wilshire are offered on American Funds’ recordkeeping platform.

The Securities and Exchange Commission (SEC) filed a civil injunctive action against Armand R. Franquelin of Ogden, Utah, and Martin A. Pool of Atlanta. 

The 6th U.S. Circuit Court of Appeals found a benefits committee used a reasonable process to conclude it paid a participant's benefits according to his election.

Some retirement plan compliance issues are unique to 403(b)s.

The Governmental Accounting Standards Board (GASB) has published an Implementation Guide for new financial reporting standards for state and local government pension plans.

The U.S. Department of Labor (DOL) is allowing stakeholders more time to comment on lifetime income illustrations given to participants in...

It’s a situation dreaded by every service provider to a retirement plan: an investigation by the Department of Labor (DOL).

A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt with the transfer of pension obligations.

A tentative settlement has been reached in a lawsuit concerning excessive fees for 401(k) investments.

The U.S. Department of Labor (DOL) will be offering two seminars about retirement plan compliance and fiduciary responsibilities.

Lawmakers in several states have proposed the idea of state-run retirement plans for private sector workers, a move that some say could be bad news for advisers.

Nine organizations asked for more time to make comments about lifetime income illustrations for defined contribution (DC) plan participants.

The House Committee on Financial Services passed a bill Wednesday that would collar expected rulemaking from the Department of Labor (DOL) to amend the fiduciary definition.