Compliance

When reading Field Assistance Bulletin 2012-02, relating to participant fee disclosures, some industry experts are particularly surprised by the Department of Labor’s (DOL) response to Question 30.

A former JPMorgan Chase & Co. employee is suing the firm on behalf of retirement plan participants who lost money after the bank reported a $2 billion trading...

 Several Morningstar divisions sent a letter to the Securities and Exchange Commission (SEC) urging the regulator to require target-date series to provide more details on the investments.

Two companies settled lawsuits with the Department of Labor (DOL), agreeing to restore retirement assets to participants.

The Department of Labor’s Employee Benefits Security Administration made a technical correction to the recently released Field Assistance Bulletin No. 2012-02.

Some retirement plan sponsors mistakenly believe their fiduciary liability ended when the company doors closed.

 The Department of Labor filed a complaint against Matthew Hutcheson of Eagle, Idaho, an independent fiduciary and plan trustee, for a violation of the Employee Retirement Income Security...

Recent fee disclosure guidance addresses some unanswered questions for 403(b) plans.

The Department of Labor’s Employee Benefits Security Administration (EBSA) scheduled two “Getting it Right: Know Your Fiduciary Responsibilities” seminars.

The American Society of Pension Professionals & Actuaries (ASPPA) applauded efforts by the Internal Revenue Service (IRS) to help ensure lifetime income for Americans.

The Department of Labor’s Employee Benefits Security Administration (EBSA) issued frequently asked questions about the requirements of new participant fee disclosure rules.  

The ERISA Industry Committee (ERIC) says it welcomes proposals by the Treasury Department to remove regulatory barriers to lifetime income options.

A Japanese company that acquired the now-defunct Metaldyne Corporation may be found liable for termination premiums for Metaldyne’s pension plan.

The Department of Labor (DOL) is hosting “Getting It Right – Know Your Fiduciary Responsibilities” in Dallas on May 22.

An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments under a deferred compensation agreement.

Alliance Benefit Group (ABG) asked the Department of Labor to clarify certain aspects of the participant fee disclosure regulations that go into effect this summer.

A coalition of organizations asked the Department of Labor (DOL) to institute a one-year transition period to comply with new fee disclosure regulations.  

The House Financial Services Committee  introduced legislation that would authorize one or more self-regulatory organizations (SROs) for advisers.  

Two California Assembly bills that would have imposed taxes on a variety of services, including services from financial advisers, were amended.  

The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants in the Parrot Cellular Employee Stock Ownership Plan (ESOP).