Compliance

The ERISA Industry Committee argues that as fiduciaries, pharmacy benefit managers would be required to act participants’ best interest and work to keep plan costs low.

The pharmacy benefit manager is accusing the Federal Trade Commission of illegally criticizing PBMs, which it holds responsible for inflating drug prices.

The 4th Circuit Court of Appeals will consider Genworth’s argument against class certification previously granted by a district court. 

The IRS ‘grab bag’ notice provides several extended deadlines for both required and discretionary retirement plan amendments.

The group will discuss financial professionals’ obligations to clients in light of the court stays on the DOL’s retirement security rule. 

Experts providing testimony to EBSA focused on defined contribution in-plan annuity product offerings as the plan default.

T. Rowe Price Retirement Plan Services, New York Life Group Benefit Solutions and Oceanview Life and Annuity Co. filed a previously reported breach to the Maine Attorney General's...

BAE beat a proposed class action over its use of 401(k) forfeited contributions; the ruling is one among a handful of similar cases. 

The updates are meant to ensure that ERISA health plans provide the same amount of coverage for mental health and substance abuse care as for physical health care...

Updated cybersecurity guidance from EBSA extends to all employee retirement benefit plans and health and welfare plans. 

The telecommunications company conducted a $1.4 billion pension risk transfer with Athene Annuity and Life in 2021.

The regulators are seeking input by November 4 on the federal program scheduled to begin in 2027.

The pharmaceutical company and investment manager are the latest to be accused of selecting Athene as its annuity provider in a $2 billion pension risk transfer it completed...

The Employee Benefits Security Administration announced upcoming webinars for employers, service providers and workers nearing retirement.

The $1.3 million settlement pertains to litigation from 2020 and 2024 against the $5 billion retirement plan.

The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of paying plan administrative expenses.

Recordkeepers and payroll providers met to decide on workflow to establish implementation processes for SECURE 2.0 Roth catch-up mandates.

The regulator’s decision provides relief to mutual fund managers, despite some added reporting amendments.

The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using outdated mortality tables to determine the value of...

The interests of financial professionals and firms ‘often conflict with the interests of retirement investors,’ according to the watchdog’s report.