Compliance

A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company regarding excessive fees.

An insurance brokerage firm must repay more than $270,000 to the participants and beneficiaries of a Florida-based retirement plan.

More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company, said the U.S. Department of Labor...

Some practices can trip up plan providers and make them susceptible to Department of Labor (DOL) investigations, but there is some negotiating that can be done.

The Institutional Retirement Income Council submitted a letter to the Department of Labor, recommending that lifetime income illustrations and projections be mandated on participant statements.

 Matthew Hutcheson, the former trustee and fiduciary of a pension plan, was sentenced to more than 17 years and ordered to pay more than $5.3 million in restitution. 

Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.

A federal appeals court reversed a district court ruling that a private equity firm is not liable for the pension debt of one of the companies in which...

The SPARK Institute said it supports guidance that will encourage retirement plan sponsors and service providers to voluntarily furnish lifetime income illustrations to participants.

The American Society of Pension Professionals & Actuaries (ASPPA) is asking for changes to ease correction burdens for retirement plan sponsors.   

The American Society of Pension Professionals & Actuaries (ASPPA) has asked the U.S. Department of Labor (DOL) to enhance Schedule C of Form 5500.

The Internal Revenue Service (IRS) has made available a video of Form 5500 and extension filing tips.

Some employers that have filed a Form 5500 have received a “Request for Clarification” from the U.S. Department of Labor (DOL).

A phone forum held by the Internal Revenue Service (IRS) instructed attendees on how to deal with plan-related errors.

Thomas E. Perez was nominated by President Obama to serve as the nation's 26th Secretary of Labor, and was sworn in on July 23.

A law firm is investigating whether RadioShack Corporation violated the Employee Retirement Income Security Act (ERISA) by offering company stock in its retirement plan.

The U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) will sponsor Getting It Right – Know Your Fiduciary Responsibilities webcasts.

The American Benefits Council (ABC) has formed an alliance with the Europe-based International Employee Benefits Association (IEBA).

Putnam Investments has a few recommendations for the Department of Labor (DOL) about lifetime income illustrations on benefit statements.

Retirement plan sponsors can reset their annual due date for providing participant fee disclosures under relief provided by the U.S. Department of Labor.