Compliance

What both candidates have proposed as it relates to the retirement industry. 

One notable feature is that account holders can deduct from their own income the amount of HSA contributions made to their account by other people—but not the employer.

The bipartisan piece of legislation includes provisions that have long been popular among retirement industry stakeholders, including the elimination of barriers to allow greater use of lifetime income...

Staff members of the Securities and Exchange Commission share some words of wisdom for advisers and broker/dealers newly subject to the Regulation Best Interest framework.

The limit on contributions by employees who participate in 401(k)s, 403(b)s and most 457 plans remains unchanged at $19,500.

The state’s Insurance Department Rule 82, which may soon be updated to match a suitability framework recently adopted by the National Association of Insurance Commissioners, seeks to address...

The SECURE Act's provisions for pooled employer plans (PEPs) did not apply to 403(b) plans.

The Employees’ Retirement System of the City of Milwaukee says the investment managers' failure to follow the promised investment strategy of the funds resulted in massive losses.

Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.

The lawsuit contends that, in most cases, the managed account service added no material value to participants, creating asset allocations 'not materially different than' those of the age...

Social Security recipients will see a 1.3% cost-of-living adjustment, and the maximum amount of earnings subject to the Social Security tax will increase by $5,100.

The plaintiffs in the case claimed the company implemented a corporate restructuring in a way to avoid pension plan obligations.

The lawsuit against Principal Global Investors and related entities was abandoned.

The Supreme Court has denied review of the lawsuit accusing Principal Life Insurance Co. of violating ERISA by setting the crediting rate for a guaranteed investment contract such...

A district court in California has proven to be skeptical of claims suggesting that active management funds are categorically imprudent retirement plan investments; the ruling also defends the...

The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim...

A federal judge found Abbott defendants were not fiduciaries with regard to the alleged acts, but claims against Abbott's retirement plan recordkeeper were allowed to stand.

The proposed class action lawsuit against TriNet HR follows the same template as numerous others filed by the law firm Capozzi Adler.

The lawsuit suggests the plan sponsor has failed to consider the use of collective investment trusts and attempts to paint this and other actions as fiduciary breaches.