Compliance

The Department of Labor’s (DoL) proposal for a new definition of fiduciary was discussed at the PLANSPONSOR National Conference—and a representative from the DoL was present to add...

U.S. Senator Ben Cardin (D-Maryland), a member of the Senate Finance Committee, has written a letter urging the Social Security Administration (SSA) to continue the production and mailing...

The U.S. Supreme Court has ruled that Janus Capital Group and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in prospectuses...

The American Society of Pension Professionals and Actuaries (ASPPA) submitted a letter to the Internal Revenue Service (IRS) suggesting improvements for submitting pre-approved defined contribution plans.

Mark Warmoth created two corporations since 1988, which manufactured nothing except tax-saving retirement plans for their founder, according to the U.S. Tax Court. 

In a letter to the Department of Labor (DoL), the SPARK Institute expressed its support for the proposed extension of the applicability dates for fiduciary-level and participant-level 408(b)(2)...

A judge this week dismissed a case alleging that because brokers are being paid for investment advice by 12(b)-1 fees, they should also be registered as investment advisers. 

The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...

Secretary of Labor Hilda Solis filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit asking for a rehearing and reversal in the McCravy...

A federal judge is likely to approve a $32 million settlement against Wells Fargo & Co. in a suit brought by female financial advisers who claim they were...

In an amicus brief filed on behalf of plaintiffs in Taylor v. KeyCorp, Secretary of Labor Hilda L. Solis explains her opinion.

Social media compliance firm, Actiance, added capabilities to its Socialite platform that allow organizations to approve content and changes made to employee LinkedIn profiles.

The Financial Accounting Standards Board (FASB) has tentatively decided not to require employers that contribute to multi-employer plans to disclose the estimated withdrawal liability, as it had proposed...

The U.S. Department of Labor (DoL) obtained six consent judgments requiring payment of nearly $10.5 million in restitution to the DirecTECH Holding Co. Inc. Employee Stock Ownership Plan...

Secretary of Labor Hilda L. Solis said a district court correctly held that plan fiduciaries acted imprudently by investing in retail mutual funds that were available as institutional...

The U.S. District Court for the Western District of Tennessee has granted conditional class certification in a lawsuit concerning the 401(k) plan of First Horizon National Corporation (FHN).

As the last day of submitting comments to the Department of Labor (DoL) drew to a close, the American Society of Pension Professionals & Actuaries (ASPPA) urged the...

The ERISA Industry Committee (ERIC) believes that electronic disclosures will improve efficiencies at every step in a retirement plan, which it explained in a letter to the Department...

With the added support of the U.S. Supreme Court decision in CIGNA Corp. v. Amara, Secretary of Labor Hilda L. Solis again filed an amicus curiae brief with...

The American Society of Pension Professionals & Actuaries (ASPPA) has requested that the Internal Revenue Service revise the due date for filing the Form 8955-SSA for 2009 and...