Compliance

The basic contention of the lawsuit was that the company acted in a manner contrary to ERISA’s fiduciary requirements when it forced terminated employees to liquidate company stock...

The need for education and advice about equity compensation is abundantly clear.

The most obvious potential conflict of interest for advisers setting up or serving pooled employer plans is if their practice...

The plan being challenged in the latest fiduciary breach lawsuit held less than $300 million as of the start of last year, making it one of the smallest...

The main theme of the new fiduciary rule proposal is alignment with other regulators—the SEC and FINRA in particular—but the...

The lawsuit also accuses plan fiduciaries of failing to monitor total plan costs.

The complaint has been dismissed without prejudice, however, and the plaintiffs have until July 28 to attempt to remedy failures in their lawsuit.

A similar lawsuit was filed in May against an investment manager and a different plan sponsor.

Following the filing of various class member objections, a federal district court has denied a settlement agreed to by the parties in an ERISA fiduciary breach lawsuit against...

The settlement agreement also calls for the monitoring of plan recordkeeping fees and the plan’s investment options.

Three new lawsuits question the offering of actively managed target-date funds to retirement plan participants.

Advisers and broker/dealers hoping to work with open multiple employer plans now have a short window to offer their perspectives to the Department of Labor and the Internal...

It is not all doom and gloom for plan sponsors and participants who want these investments. Here’s what advisers should...

The Department of Labor has taken yet another step forward in what has been more than a decadelong effort to update the fiduciary duty applying to investment professionals...

Multiple national-level conflict of interest rules are now aligned that will require financial professionals to act in the best interest...

The 2nd U.S. Circuit Court of Appeals found the regulation, which goes into effect tomorrow, is authorized by Dodd-Frank and is not arbitrary and capricious.

The lawsuit argues that while the TDFs in the plan are CITs, they are private label CITs with much higher expense ratios than the typical CITs offered by...

A brief filed in a federal appellate court explains how the agency believes a federal district court erred in dismissing the case.

Officials say criminals have already gotten millions in PPP loans and unemployment insurance.

The complaint calls out the warehouse club's use of "more costly ‘actively managed funds’ rather than ‘index funds’ that offered equal or better performance at substantially lower cost."