Compliance

The technology and manufacturing company is the latest accused of misusing forfeited retirement funds to pay for future employer contributions.

A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged over its use of forfeited funds.

The notice is intended to help plan sponsors implement the match program, with plans for regulation offering further guidance to come.

A federal judge granted class action status to participants invested BlackRock LifePath Index Funds, in contrast to numerous dismissals for similar allegations.

The new coalition, an offshoot of the IRS’s Security Summit group, will work to reduce tax scams during the 2025 filing period.

A judge in the Western District of Missouri issued a final ruling in favor of a lawsuit filed by the Securities Industry and Financial Markets Association against two...

Lawsuits against Bank of America, Intuit and Qualcomm alleging improper use of forfeited plan funds are all either under consideration or moving ahead in district courts.

A bill introduced by California state senators proposes increased regulation on pharmacy benefit managers, which have come under fire recently.

The Department of Labor will move digital content to USA.gov in September to streamline information about federal benefits, including Social Security and Medicare.

Employees had accused the company of overcharging participants for bundled recordkeeper fees and failing to solicit competitive bids for lower-fee options.

A Schlichter Bogard-led complaint alleges that providers pushed participants into retirement advice that led to TIAA annuity investments.

Workers claiming Home Depot mismanaged their 401(k) plan investments saw the district court decision in Home Depot’s favor affirmed on appeal.

Sponsors have both legal and practical ramifications to weigh.

Plaintiffs accuse the bank of requiring participants and beneficiaries to pay high costs for generic prescription drugs that are ‘widely available at drastically lower prices.’ 

The way Roth-style accounts are reflected in the federal budget mean they will likely continue to drive often-complex retirement plan features.

The full amount is $5.7 billion, issued through the federal SFA program.

Decision in the American Council of Life Insurers’ case adds a stay on prohibited transaction rule.

A Texas federal court judge sides with insurers, issues a preliminary injunction of the fiduciary rule.

Employers can limit their exposure with documented, prudent processes for selecting health plan providers and pharmacy benefit managers.  

According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.