Compliance

The agency issued a supplemental statement in response to stakeholder concerns that private equity investments could be inappropriate for small DC plans.

The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they...

Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to...

A new report from the Government Accountability Office suggests the SEC’s performance metrics for FINRA do not measure progress in achieving a specific mission or set appropriate targets...

Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.

Among other allegations, the plaintiffs claim Voya engaged in an imprudent process while selecting and retaining proprietary target-date funds and a stable value option.

The suggested amendments to the agency’s current rules address redemption costs and liquidity.

The legislation would allow survivors to withdraw $100,000 without fees or penalties.

The complaint challenges the use of both allegedly outdated mortality tables and artificially high interest rate assumptions in the conversion of annuity types under multiple pension plans.

While expressing support for the rule, they say removing specific references to ESG factors will help fiduciaries understand they are...

In a lawsuit, he alleges the retirement plan service provider did not take steps to protect the personal information of...

They say the latest proposed regulations ‘dismantle important actions’ taken by the previous administration and politicize retirement savings.

They say the same policies that robbed people of the right to marry for so long continue to harm LGBTQ couples as they seek to access and protect...

The lawsuit claims Exelon used proprietary funds with excessive fees and allowed participants to pay excessive fees for recordkeeping and...

The district court accepted a magistrate judge’s recommendation and dismissed the case based on the plaintiffs’ failure to state an...

The SECURE Act became law at the very end of 2019, ushering in major changes for the retirement planning industry, and experts are again asking whether the close...

Alight has been sued by retirement plan participants whose accounts were hacked, and the Department of Labor is investigating the provider's practices.

The only changes in requirements that would necessitate a plan amendment relate to the multiemployer plan financial assistance program, and there were no changes that may require an...