Compliance

In addition to the Form 5500 informational copies, the IRS has also released the 2021 Form 5500-EZ and related instructions.

The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.   

J.P. Morgan Securities has agreed to pay $125 million to resolve what the SEC calls ‘longstanding failures by the firm and its employees’ to maintain and preserve certain...

The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.

Biden says the extension is meant to acknowledge that millions of borrowers are still coping with the negative financial impacts...

SEC Chair Gary Gensler says he looks forward to working closely with William Birdthistle, an at-times harsh critic of the mutual fund industry, to plan and execute a...

A transportation workers’ multiemployer pension plan will receive funds created by the American Rescue Plan Act of 2021 to pay retirement benefits.

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The complaint challenges the use of both allegedly outdated mortality tables and artificially high interest rate assumptions in the conversion of annuity types under multiple pension plans.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