Compliance

The case applied to several DB plans sponsored by the company and challenged the use of an "inherently unreasonable" mortality table for calculating benefits.

He says that without several much-needed reforms, the Pension Benefit Guaranty Corporation could become insolvent in less than five years.

Situations like this emphasize the clear and present need for retirement plans to implement effective cybersecurity policies.

A registered representative of NEXT Financial Group is accused of manipulating key figures and data used to monitor sales of real estate investment trusts to certain client groups,...

While not the smallest to face an excessive fee lawsuit in recent years, Biogen’s defined contribution plan held less than $1 billion at the start of the proposed...

The lawmakers say environmental, social and governance-focused investing allows retirement savers to support long-term change by building a system that rewards and values inclusion and diversity in corporate...

Though similar to other lawsuits, arguments about excessive recordkeeping fees are featured early and prominently in the complaint and strongly criticize the recordkeeper, even though it is not...

A federal judge said a participant in the firm's 401(k) plan sufficiently plead imprudence and disloyalty.

The basic contention of the lawsuit was that the company acted in a manner contrary to ERISA’s fiduciary requirements when it forced terminated employees to liquidate company stock...

The need for education and advice about equity compensation is abundantly clear.

The most obvious potential conflict of interest for advisers setting up or serving pooled employer plans is if their practice...

The plan being challenged in the latest fiduciary breach lawsuit held less than $300 million as of the start of last year, making it one of the smallest...

The main theme of the new fiduciary rule proposal is alignment with other regulators—the SEC and FINRA in particular—but the...

The lawsuit also accuses plan fiduciaries of failing to monitor total plan costs.

The complaint has been dismissed without prejudice, however, and the plaintiffs have until July 28 to attempt to remedy failures in their lawsuit.