Compliance

The complaint suggests plan officials ceded discretion to a provider to add any mutual fund it wished, “regardless of whether the funds were duplicative of other options, had...

State securities regulators say most senior financial fraud goes undetected before it becomes a serious problem, according to a study by NASAA.

The amendment suggests language a defined benefit sponsor might want to use.

The lawsuit accuses a number of major banks of improper collusion to protect their shares of the securities lending marketplace. 

Members of the "ACT" committee are in a unique position to provide observations about current or proposed IRS policies, programs and procedures, and suggest improvements through a yearly...

A Manhattan-based laser surgery center's owner was found to be in violation of ERISA. 

Participants successfully challenged Foot Locker’s determination of benefit accruals after the conversion of a traditional pension plan into a cash balance arrangement. 

After a trip through the 9th Circuit and the U.S. Supreme Court, the case of Tibble vs. Edison has received another ruling in the district court where it...

Experts with the American Academy of Actuaries argue the Annual Funding Notice process required of pension plans under ERISA Section 101(f) is “an example of a good idea...

The agency is seeking input about what to include in its presentation.

The judge noted that stock must be purchased at an inflated price and sold at a loss for an economic injury to occur.

As with the lawsuit filed in July, the new complaint says the defendants breached their ERISA fiduciary by retaining the company stock fund as an investment option under...

Seventy-five percent say they will take on fewer accounts with $25,000 or less in assets due to increased costs.

The study suggests advisers have pared back products and services for retirement investors, and compliance with the fiduciary rule will be costly.

The DOL submitted a very brief document to a Minnesota district court apparently confirming the substantial development that it will seek to extend the fiduciary rule transition timetable. 

Plaintiffs are challenging the way Prudential sets returns and fees within stable value contracts offered to ERISA plans. 

Advisers and plan sponsors may think the sanctions bill doesn't affect them, but it does, according to a Groom Law Group Benefits Brief.

A court shot down several actions plaintiffs suggested Target could have taken when it knew or should have known its stock price was artificially inflated.

Today is the second and final deadline for submitting responses to the DOL’s broad RFI regarding the fiduciary rule expansion under ERISA—but late comments will also be accepted...

The DOL has published additional fiduciary rule transition period compliance guidance in the form of frequently asked questions; some aspects of the FAQ will clearly be welcomed by...