Compliance

Mark Iwry, senior advisor to the U.S. Secretary of the Treasury was in Seattle to support the initiative.

A coalition of national financial and business trade groups has filed a lawsuit to strike down the DOL’s new regulations that will require most brokers and investment consultants...

The agency filed a brief in a federal appellate court case about whether Foot Locker misled employees upon conversion from a traditional pension to a cash balance plan.

The appellate court noted that under Amara, if the participants cannot get relief with their benefit claims, they can seek an equitable remedy for breach of fiduciary duty...

The decision was already cited in the Supreme Court's order regarding the Verizon pension risk transfer lawsuit.

The recent judgement against AIT Laboratories adds nearly $3.5 million to previous collections, now totaling more than $7 million. 

One accusation in the lawsuit is that Fidelity receives "kickbacks" from Financial Engines.

The settlement agreement calls for Saint Francis Hospital to contribute $107 million to fund its pension plan.

In a letter to the IRS, industry representatives say a couple of clarifications would help more DC plan participants take advantage of QLACs.

The lawsuit argues that even a 114-participant, $9 million dollar 401(k) plan can get lower fees on investments and services.

The U.S. Supreme Court found an appellate decision regarding a Verizon pension plan risk transfer flawed, considering the trust law underpinnings of the Employee Retirement Income Security Act.

BB&T Corporation finds itself in the crosshairs of an increasingly active law firm that has dived headlong into filing big-dollar complaints under ERISA. 

The Securities and Exchange Commission has given several signs that it could soon introduce a uniform standard of client care for registered brokers and advisers. 

A common category of errors found by the IRS, 403(b) plans need to understand all provisions of the universal availability rules.

The DOL is seeking nearly $250,000 in unremitted employer 401(k) contributions required by government contracts.  

John J. Koresko V has been arrested after failing to transfer $1.68 million in misused assets to death benefit plans.

No comments were received regarding the proposed regulations, so the IRS finalized the proposed regulations, with a one-year delay of the applicability date.

Add a proposed class action lawsuit against M&T Bank Corporation to the sizable and quickly growing list of new ERISA actions filed so far in 2016. 

An appellate court agreed with a lower court that the fiduciaries failed to act in participants’ best interest and to monitor providers.

The American Benefits Council explains in a letter to the IRS that more time is needed before they go into effect.