Compliance

Secretary of Labor Eugene Scalia says employer-sponsored plans ‘are not vehicles for furthering social goals or policy objectives.’

Anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back.

The 2nd U.S. Circuit Court of Appeals has remanded the litigation suit back to the district court for a second review. 

A nearly unanimous Supreme Court has seemingly set new limits on the punitive authorities of the U.S. Securities and Exchange...

A special valuation was processed before three terminated participants were given distributions of their 401(k) plan accounts.

The Internal Revenue Service is expanding the categories of individuals eligible for special loans and distributions and providing updated guidance on the tax treatment of these distributions and...

The lawsuit points to a variety of alleged fiduciary breaches related to the Oshkosh Corp.’s retirement plan’s investment and recordkeeping fees.

A Texas couple faces a collective 22 years in prison after pleading guilty to an embezzlement and identity theft scheme that eventually funneled more than $15 million out...

Responses to the request for information (RFI) will help the Department of Labor (DOL) evaluate the need for a proposal on new prohibited transaction exemptions related to pooled employer...

On a second motion for preliminary approval of the settlement agreement in the church plan case, a federal judge still found a conflict between one subgroup of the...

The lawsuit alleged the firm violated the Employee Retirement Income Security Act (ERISA) by maintaining the Neuberger Berman Value Equity Fund as an investment option in its plan.

Arizona Gov. Doug Ducey has signed into law a bill to establish a best interest standard applying to the sale of annuity contracts in the state.

Despite the frequent publication of regulatory guidance—or perhaps because of it—there remains a lot of confusion about how retirement plan fiduciaries should think about environmental and social justice...

The regional banking company is accused of breaches of the fiduciary duties of prudence and loyalty.

After attorneys suggested ways to help streamline the trial, the judge instructed the parties to inform the court of the reduced number of trial days now necessary for...

In yet another lawsuit involving the law firm Capozzi Adler, violations of the fiduciary duties of prudence and loyalty are alleged.

The IRS says it expects to issue the letters on June 30, or in some cases, as soon as possible thereafter, and an employer adopting a newly approved...

Echoing claims in an earlier suit filed by SEI, Arcesium is accusing SS&C Advent of abusive and anti-competitive licensing practices.

Such alignment would be consistent with what the Department of Labor leadership has been signaling for a number of years now.