Compliance

The prescheduled phase-out of the coronavirus disaster declaration had created a ‘compliance conundrum,’ which the DOL has now addressed by issuing additional guidance.

The ongoing implementation of Regulation Best Interest gets top billing in the SEC’s recently published 2021 examination priorities list, though...

The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.

A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...

Democrats used Gary Gensler’s confirmation hearing to speak to issues of racial and wealth inequality exacerbated by the pandemic—which has...

In his prepared remarks, Gary Gensler calls the U.S. securities markets the ‘finest in the world,’ while emphasizing the need for ‘clear rules of the road and a...

Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying...

As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500...

The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of...

The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to...

The proposed settlement agreement also includes non-monetary terms.

Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large...

Allegations in the underlying lawsuit match those included in an emerging class of cases filed against large employers across the United States.

The judge ordered that the case proceed to trial on the merits in the absence of a voluntary resolution of...

In the coming days, the agency will publish related guidance for retirement investors, employee benefit plans and investment advice providers.

The decision means the fiduciary breach lawsuit filed against the Land O’Lakes dairy company will keep churning through the courts—or...

The underlying lawsuit involves claims that plan fiduciaries failed to adequately protect a participant’s account, allegedly resulting in the theft of funds.

A court filing cites the change in administration as the reason for backing out of the suit.

The labor secretary nominee spoke proudly of his labor roots and his ties to Boston, while responding to varied questions...

AIG will pay a $12 million penalty to New York state for unlicensed pension risk transfer business.