SCOTUS Denies Review of Chevron Stable Value ERISA Suit
The appellate court found that the facts alleged are insufficient to support a plausible inference of breach of fiduciary duty, and the Supreme Court seemingly agrees.
Compliance
Court Finds Former ESOP Participant Released Claims to Sue
A federal court judge found a severance agreement was broad enough to cover Employee Retirement Security Act (ERISA) claims against the trustee of an employee stock ownership plan...
A Conversation with Jerry Schlichter, ERISA Litigator
Schlichter says many participants in retirement plans pay lower fees for investments and recordkeeping as a result of ERISA litigation; others ask whether plan sponsors’ fear of lawsuits...
Bill Reintroduced to Create Federal Retirement Commission
The Federal Retirement Commission would conduct a comprehensive review of private benefit programs in the U.S., with an eye toward strengthening them.
Supreme Court Could Soon Consider Several ERISA Cases
In recent months, writs of certiorari have been filed with the Supreme Court in four cases involving tax qualified defined contribution plans.
Some Expect Senate Action Sooner Than Later on SECURE Act
One retirement industry executive says she believes the Senate could act quite quickly in taking up the SECURE Act, which just passed the House of Representatives with a...
DOL Regulatory Agenda Shows Proposed Fiduciary Rule Expected in December
During a House committee hearing in early May, Secretary of Labor Alexander Acosta said the Department of Labor (DOL) is working with the Securities and Exchange Commission (SEC)...
SECURE Act’s House Passage Brings Test of Congressional Mediators
With the passage of the SECURE Act by the House of Representatives, experts tell PLANADVISER they are optimistic that agreement will be reached with the Senate during this...
IRS Determination Letter Program Remains Limited in Scope
ERISA attorneys detail the recent expansion of the IRS determination letter program, and what it means for plan sponsor clients.
Advisers’ Leading Role in Cybersecurity
It is important to ask what cybersecurity means to retirement plan service providers and fiduciary advisers—and what steps they can...
IRS Indicates 403(b) Initiatives Coming This Summer
However, 403(b) plans are in a remedial amendment period, and the IRS has offered much help for them to be in compliance with regulations.
Excessive Fee Suit Filed Against Greystar Management
The lawsuit accuses the sponsor of a small 401(k) plan with failing to monitor and correct excessive fees.
Congress Called (Again) to Get Serious About Union Pension Crisis
Apart from discussing the RESA legislation, witnesses and Senators at a Finance Committee meeting spoke about the pressing need to address severe funding shortfalls faced by some union...
RESA, RSSA, SECURE Act and More Pile Up in Congress
Sources say the SECURE Act could pass the House this month, potentially setting the stage for a reconciliation process that could bring together common elements of multiple pending...
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Besides a lengthy Finance Committee hearing discussing the popular RESA legislation, the day on Capitol Hill also brought news of the introduction of the new Retirement Security and...