Compliance November 19th, 2021 House Committee Advances Bill With Various Retirement Plan Provisions The RISE Act would increase automatic cashout limits, enable employers to offer small financial incentives for retirement plan participation and...
Compliance November 18th, 2021 Some Claims Dismissed in LinkedIn Excessive Fee Suit However, the judge has granted the plaintiffs leave to amend the ERISA complaint.
Compliance November 18th, 2021 The Fiduciary Insurance Market Crunch Matters for Everyone In a Q&A with PLANADVISER, expert benefits attorney Erin Turley points to a critical emerging challenge for the retirement plan...
Compliance November 16th, 2021 Both PBGC Insurance Programs Report Positive Financial Positions The agency says the net positive position for its multiemployer plan program is thanks to the American Rescue Plan Act (ARPA).
Compliance November 16th, 2021 SEC Actions Underscore Adviser Risks, Responsibilities The securities market regulator is keeping a close eye on registered investment advisers, especially when it comes to their provision...
Compliance November 16th, 2021 Defendants in Outdated Mortality Table Suit Agree to Benefit Recalculations The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.
Compliance November 12th, 2021 ESG’s Growing Influence on Proxy Voting Due to regulatory changes and market demand, proxy voting is about to be more influenced by environmental, social and governance...
Compliance November 11th, 2021 Mercy Health Plan Fiduciaries to Pay $3.9 Million to Settle Lawsuit The defendants will also retain an independent consultant to review investments and fees, according to the settlement agreement.
Compliance November 9th, 2021 Kroger Faces ERISA Recordkeeping Fee Lawsuit Fiduciaries of the grocery chain’s 401(k) plan are accused of allowing unreasonably high fees for recordkeeping services and failing to...
Compliance November 5th, 2021 Provider Reviews, Contracts Emphasized in DOL Cybersecurity Guidance Retirement plan fiduciaries often rely on their service providers to create the electronic systems used to maintain participant data and conduct electronic transactions involving plan assets—so the Department...
Compliance November 4th, 2021 Most DC Plan Participants Can Defer Up to $20,500 to Plans in 2022 The IRS has announced 2022 retirement plan contribution and benefit limits.
Compliance November 2nd, 2021 IRS Summarizes Retirement Plan Hardship Withdrawal Rules An updated Issue Snapshot reflects changes made by the Bipartisan Budget Act of 2018 and subsequent IRS regulations.
Compliance November 2nd, 2021 Fiduciaries Accused of Shortchanging Participants in ESOP Sale A Department of Labor lawsuit says the fiduciaries allowed the ESOP's ownership shares to be sold for less than market...
Compliance November 1st, 2021 Op-Ed: ERISA Prudence Demands Healthy ESG Skepticism Neal Shikes agrees that ESG factors can be an important part of institutional investors’ methodologies, but he also says retirement...
Compliance November 1st, 2021 KPMG Faces ERISA Lawsuit in New Jersey The audit and tax advisory firm is accused of permitting the payment of excessive investment and administrative fees within its...