Union Fund Trustees Sued for Multiple Fiduciary Breaches
The International Association of Machinists National Pension Fund and its board of trustees are facing a lawsuit.
Compliance
House Committee Advances Anti-Fiduciary Rule Bills
The Republican-dominated House of Representative’s ongoing effort to halt the Department of Labor’s fiduciary rulemaking is starting to look a lot like its previous attempts to gut the...
IRS to Discuss Required Retirement Plan Changes
The agency is hosting a webinar about the 2015 Cumulative List.
IRS Provides Guidance About Mid-Year Safe Harbor Plan Changes
The guidance includes prohibited changes to a safe harbor retirement plan.
Tips and Next Steps After ‘Montanile’ Decision
ERISA expert discusses the significant implications of the Supreme Court’s decision in Montanile v. Board of Trustees, especially as it pertains to enforcing liens on retirement or health...
DB Clients Should Know About Proposed Accounting Changes
Comments are due to the FASB by April 26.
OMB Confirms Receipt of Fiduciary Rule Language
After years of speculation and an intense, ongoing retirement plan industry debate, the Department of Labor has advanced its conflict of interest regulations to the Office of Management...
IRS Proposes Nondiscrimination Relief for Closed DBs
The proposed rule will help closed DB plans continue to satisfy minimum coverage and other testing requirements.
Industry Pros Highlight Necessity of Auto Retirement Savings
One retirement plan industry professional warned legislators that improvements in retirement readiness tied to the Pension Protection Act have mostly run their course.
Oregon Senator Unveils 401(k) Alternative
A national, auto-enrolled retirement savings plan proposal is modeled on the government Thrift Savings Plan.
Portability a Key Component of President's Retirement Initiatives
Retirement industry providers and others applaud the initiatives announced this week.
Oracle Complaint Latest in a Parade of 401(k) Fee Suits
A new 401(k)-related lawsuit emerging this week in a Colorado district court will undoubtedly sound familiar—perhaps painfully so—to retirement plan industry professionals.
2017 White House Budget Includes Open MEP Expansion
The Obama administration intends to extend workplace access to a retirement savings opportunity to more than 30 million Americans.
SCOTUS Again Remands Stock Drop Case
The Supreme Court returned Amgen’s ESOP case to the lower court for a second time.
DOL Files Suit Over Employer Stock Valuation
The U.S. Labor Department filed a lawsuit against a Florida employer accused of imprudence in the valuation and sale of the company’s stock to its own employees.
ERISA Breach Case Hinges on SunEdison Company Stock
A former SunEdison employee is suing the company, a raft of its directors and State Street Bank for continuing to offer SunEdison stock in the retirement plan.
Supreme Court’s ‘Montanile’ Decision Makes Waves
A recent decision by the U.S. Supreme Court seems to limit the ability of ERISA plans to seek equitable relief or reimbursement of payments from a third-party recovery—especially...
‘DOL Lacks Study of Retirement Participant Safety’ ICI Says
DOL proposal on state-run retirement programs promotes confusing patchwork of laws and a few unintended consequences, say industry groups ICI and SIFMA.
Great-West/Empower Targeted in Revenue Sharing Lawsuit
Great-West, now doing business as Empower Retirement, is facing similar accusations to those leveled against Prudential at the end of last year.
SEC Sees Broad Industry Engagement on Liquidity Rules
They haven’t received quite the same number of comments as the DOL’s pending fiduciary regulations, but proposed liquidity rules from the SEC have clearly grabbed the investment and...