Compliance

After a year of partial payouts to pension participants, a local Sheet Metal Workers pension plan will receive $29 million in assistance from the PBGC.

The Mental Health Matters Act moves to the Senate after House passage, and would eliminate forced arbitration clauses, class action waivers, discretionary clauses, and representation waivers in ERISA-governed...

The plaintiffs have alleged Mutual of America plan fiduciaries using a closed-architecture recordkeeping platform caused plan participants to pay excessive fees for recordkeeping and administrative services.  

The plaintiffs’ fiduciary breach claims were dismissed, with prejudice, in United States District Court for the Eastern district of Wisconsin

Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of a profit-sharing plan’s assets in the stock of...

The Retirement Savings Modernization Act would explicitly state that 401(k) plans can include investments in all asset classes, though this is not currently banned under existing law.

The plaintiffs received early approval for class settlement in a retirement plan lawsuit against the Carolinas Auto Club that alleged breach of fiduciary duty.

Plaintiffs had alleged that Home Depot did not monitor their retirement plan offerings closely, and that they charged participants excessive fees that damaged their retirement accounts.

The bill, which was passed by the Senate yesterday, will provide additional funding for Ukraine and disaster relief in the U.S., pending signature from the President.

The IRS is extending deadlines for amending plans for certain provisions of the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act. 

Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants.

The full Senate voted, 49-36, to confirm the new assistant secretary of labor for the Employee Benefits Security Administration.

The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of funding other than annual Congressional appropriations.

A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.

As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light of market moves.

An advisory group on preventing senior scams was highlighted in a Senate hearing Thursday that discussed the broader issue of fraud directed at seniors.

The plaintiffs’ claims survive the defendants’ motion to dismiss

The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.

A total of $750,000 was stolen from a retirement account managed by the defendants—who, the plaintiff alleges, ignored many red flags.

The judge rules that there is no evidence that Goldman Sachs acted either disloyally or imprudently with its employees’ defined contribution plans.