Latest News

Compliance

March 14, 2017

Allergan Stock Drop Challenge Blames Fiduciaries For Losses

For claims alleging a fiduciary breach based on non-public information, the high court has held that plaintiffs must plausibly allege an alternative action fiduciaries could have taken and would not have viewed as more harmful to the plan than helpful.

March 10, 2017

TIAA Wins Dismissal of Prohibited Transaction Challenge

An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should not be considered a fiduciary to the plans. 

March 09, 2017

JP Morgan 401(k) Target of Third ERISA Challenge

All three lawsuits filed in New York district court argue the company improperly favored its own investment options within the retirement plan offered to workers; the firm flatly denies the underlying allegations. 

March 08, 2017

Analysis Links State-Run IRAs With Medicaid Savings

A coalition of advisers and providers is making the case on Capitol Hill that dialing back DOL guidance supporting state-run retirement savings programs for private sector workers is ill advised. 

March 03, 2017

Experts Still Expect Private Enforcement of Fiduciary Standard

Even if the DOL leadership under President Trump declines to enforce a strict fiduciary standard, private litigators will undoubtedly pick up any slack if the administration fails to fully eliminate the Obama-era conflict of interest rulemaking. 

March 02, 2017

IRS Updates Reporting Disclosure Guide

The Reporting and Disclosure Guide for Employee Benefit Plans was prepared by the IRS as a quick reference tool for certain basic reporting and disclosure requirements under ERISA and the IRC. 

March 01, 2017

DOL Fiduciary Rule Delay Language Emerges

The new leadership at Department of Labor has published the rulemaking through which it hopes to delay the strict conflict of interest rules championed by the previous administration and set to take effect next month.

February 27, 2017

IRS Agents Told What to Look for When Examining Hardships

Not only will IRS agents look for proof that the hardship was for an immediate and heavy financial need, they will be looking to see if plan sponsors followed notification requirements and third-parties followed reporting requirements.