Compliance

Secretary of Labor, Thomas E. Perez, has filed a federal court brief disputing a district court’s dismissal of John Hancock’s liability in an excessive fee case.

The Pension Benefit Guaranty Corporation (PBGC) proposed amendments to its multiemployer regulations to make the provision of information to PBGC officials and plan participants less burdensome.

Financial advisers who propose alternative investments to their clients can expect increased, ongoing scrutiny from the Securities and Exchange Commission (SEC).

The Department of Labor (DOL) has reached a settlement with Western Asset Management Company, a subsidiary of Legg Mason Inc.

The SPARK Institute Inc., a lobbying group for retirement plan service providers, is hoping to secure more flexibility from federal regulators regarding certain investment-related disclosure requirements.

A federal appellate court found two firms are successors for purposes of multiemployer plan liability for a closed business.

The Internal Revenue Service (IRS) intends to expand its pre-approved defined benefit plan program to permit plans with certain cash balance features to be submitted by sponsors and...

A New York-based home-care agency and its former owners have resolved issues with the Department of Labor (DOL) regarding an employee stock ownership plan (ESOP) offering.

A federal appeals court upheld a ruling that an employer did not violate anti-cutback rules when paying lump sums from a terminated pension plan.

A recent court decision reinforces the Employee Retirement Income Security Act’s (ERISA) requirement that plan sponsors act in the best interest of participants.

U.S. House members belonging to the New Democrat Coalition asked the Department of Labor (DOL) to ensure new fiduciary rules protect access to investment advice.

A federal district court has ruled that in a case involving allegations of harm to retirement benefits, plaintiffs lack standing to sue if they cannot substantiate the allegations.

The Department of Labor (DOL) is suing a Bigler, Pennsylvania, trucking company to recover employee contributions and payments to its 401(k) plan.

The Office of Compliance Inspections and Examinations (OCIE), part of the Securities and Exchange Commission (SEC), released its list of examination priorities for 2014.

Regions Financial Corporation has agreed to settle a lawsuit relating to its offering of company stock and certain Morgan Keegan funds in its retirement plan.

The IRS is holding a phone forum to discuss ethical standards of conduct.

Another participant in Fidelity Investments’ own retirement plan has brought a lawsuit saying participants paid excessive fees.

The Bipartisan Budget Act of 2013, signed into law in December, increases both the flat- and variable-rate single-employer Pension Benefit Guaranty Corporation (PBGC) premiums.

The Financial Industry Regulatory Authority (FINRA) has ordered Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc. to pay fines and restitution to customers in connection with...

Jim Poe and Associates Inc. received $637,843 from nonqualified clients, according to the Securities and Exchange Commission (SEC).