Compliance

A federal appellate court has ruled that a summary plan description (SPD) could not unilaterally grant a benefit plan administrator the right to make benefit eligibility decisions without...

The New Mexico Educational Retirement Board has hired two law firms to represent the teachers’ pension fund in a planned lawsuit against a Dallas money management firm. 

 A federal judge has approved a $13.8 million revenue-sharing based settlement between a provider and the 401(k) plans it supports, but lawyers will take nearly half.

Another law firm has launched an “investigation” of the BP 401(k) plan – and they’re apparently looking for potential plaintiffs.

A Jacksonville, Florida, retirement-benefits consulting firm is facing charges it defrauded government employees through an alleged Ponzi scheme, according to the Securities and Exchange Commission.

President Obama has signed into law legislation providing pension funding relief for multi-employer and single employer defined benefit plans.

The House of Representatives has, by a margin of 417-to-1, passed a bill containing pension relief. 

Some 360 of the 1,200 plan sponsor receiving the 401(k) Compliance Check Questionnaire had at least partially completed the document by mid-June, the Internal Revenue Service (IRS) announced.

June 22, 2010 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has approved a global settlement agreement providing for recovery of an additional $7.8...

The Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans that were affected by the storms and other severe weather in several states.

Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new proposal.

U.S. Senator Herb Kohl, (D-Wisconsin) Chairman of the Special Committee on Aging, held a hearing Wednesday about lifetime income options in retirement plans.

The Securities and Exchange Commission (SEC) unanimously approved proposed rule amendments to enhance the information provided to target-date fund investors.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is offering a free workshop for employee benefit plan professionals, including clients of plan service providers.

Some of the pension changes incorporated in pending legislation in the House may not make it to the Senate version.

A federal court judge has refused to dismiss claims by a 401(k) participant that plan fiduciaries breached their duties when they transferred his accounts into a new default...

A federal judge in Georgia has cleared Home Depot of wrongdoing in a stock drop lawsuit.

Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a...

A federal judge in New Jersey has ruled that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age Discrimination in Employment Act (ADEA)...

A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee Retirement Income Security Act (ERISA) action against the Federal National Mortgage Association (Fannie...