Compliance

The complaint, filed last year, alleged Siemens violated ERISA by using forfeitures “in its own interest,” rather than in the...

Pontera lauded the decision for ‘providing clear guidance that prioritizes investor choice and protections.’

A congressional bill introduced last week would allow financial regulatory agencies to experiment with artificial intelligence without the ‘expectation of...

The task force, established by a January executive order, made proposals related to several digital finance issues.

The Insured Retirement Institute filed comments urging the Department of Labor not to withdraw a longstanding safe harbor regulation.

The change to the student loan debt relief program used by 7.7 million borrowers is effective August 1, according to...

A third ESOP bill was originally scheduled to be voted on during the hearing, but no vote was held

According to the complaint, Siemens Energy retained in its plan underperforming investment options, including its proprietary stable value fund that delivered...

The campaign includes a website, which urges Aronowitz’s confirmation and includes sections called “How ESOPs Benefit Everyone” and “What’s the...

The Employee Benefits Security Administration will accept input for 60 days.

The breach was noticed one day after malicious actors gained access to the insurer's CRM system.

The complaint alleges Franklin Templeton violated ERISA by: 1) breaching its fiduciary duties of loyalty and prudence; and 2) failing...

A hearing Thursday discussed three bill aimed at expanding employee stock ownership plans, and a fourth bill was introduced that...

Filing after the Department of Labor’s amicus brief in a similar case, Illinois plaintiffs allege that the grocery company violated...

Two former employees of Nokia North America allege that the company failed to replace poorly performing funds, which cost employees...

Aligning with legislation introduced in the Senate in May, the bill allows for workers as young as 18 to be...

What was a heated session focused on alleged mismanagement and lack of accountability at the Employee Benefits Security Administration.  

If enacted, the legislation would give nonprofits the same benefits offered to for-profit entities under the SECURE Act. 

The Department of Labor said the guidance no longer reflects its views, rescinding a 2023 advisory opinion approving the Citi...

The guidance aims to standardize treatment and improve compliance regarding retirement distributions that are not immediately cashed by recipients.