Tag: ERISA
DOL Planning RFI on 408(b)(2) Disclosure Effectiveness
The Department of Labor wants to request new industry input and create focus groups about the...
401(k) Nondiscrimination Tests Explained
With acronyms like ADP, ACP, NHCEs, and HCEs, the technicality of 401(k) plan nondiscrimination testing may seem overwhelming.
ERIC Encourages PBGC to Support Pension De-Risking
The ERISA Industry Committee (ERIC) has commented about the Pension Benefit Guaranty Corporation’s request to obtain information about de-risking moves made by pension plans.
PSCA Re-Launches Fiduciary Training Program
The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.
PBGC Publishes Final Rule About DC to DB Rollovers
The Pension Benefit Guaranty Corporation (PBGC) is publishing a final rule for transferring defined contribution (DC) plan accounts into a defined benefit (DB) plan.
Supreme Court Denies Review of Tussey Fee Case
The U.S. Supreme Court has denied a request to review an appellate court's decision in a case concerning retirement plan recordkeepers and fees.
Retirement Plan Provisions That May Confuse
Some retirement plan provisions can create headaches for plan sponsors.
Court Opens Door for Disclosure of Investment Guidelines
An appeals court has opened the door for the requirement that an ERISA plan’s investment guidelines be disclosed to participants upon request.
Court Revisits Ruling in Light of Dudenhoeffer Decision
The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light of the U.S. Supreme Court’s decision in Fifth...
MassMutual Agrees to Settle Revenue Sharing Lawsuit
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the company breached its fiduciary duties when it received...
A Review of PBGC Reportable Events
There are certain events that defined benefit (DB) plan sponsors are required to report to the Pension Benefit Guaranty Corporation (PBGC) before they happen.
Court Finds Plan Can Dictate Where Lawsuits Are Filed
A federal appellate court found that a clause in a retirement plan document restricting the venue of lawsuits filed against the plan is enforceable.
Plan Fiduciaries Liable for Mispriced ESOP Stock Purchase
The owner of Bruister and Associates and trustees of its employee stock ownership plans (ESOPs) were found responsible for causing the plan to pay too much for employer...
Ideas to Think About After 40 Years of ERISA
Between some reminiscing about what it was like to be part of shaping and enforcing the Employee Retirement Income Security Act (ERISA) when it was constructed and afterwards,...
Attorney Explains TDF Annuity Rule
What does the new guidance about annuity investments in target-date funds (TDFs) mean for retirement plan sponsors and participants?
Industry Groups Endorse In-Plan Annuity Guidance
Recent guidance from the Internal Revenue Service and the Department of the Treasury on in-plan annuity use has received a warm response from some in the retirement plan...
Regulators Doing More to Ensure Plan Compliance, Outcomes
Recent actions from regulators show a focus on compliance and improved outcomes for participants.
Guidance Issued for Including Annuities in TDFs
The Department of the Treasury and the Internal Revenue Service have issued guidance designed to expand the use of income annuities in 401(k) plans.
Senior Senators Urge Government Action on Pension De-Risking
Two senior U.S. senators are petitioning the government agencies that oversee qualified retirement plans to more actively protect pension plan participants’ rights during pension risk transfers.