Compliance

Regulators say the firm failed to adequately disclose conflicts of interest to thousands of participants in TIAA recordkept employer-sponsored retirement plans.

A judge previously dismissed claims related to excessive recordkeeping fees but let stand a claim related to providing ‘false and misleading’ participant fee disclosures.

The memorandum in support of the settlement agreement says the plaintiffs in the case want to avoid the risk that the defendants will prevail and the cost of...

A man who worked for Yum! Brands for 25 years says he was denied retirement and other benefits because the company classified him as an independent contractor.

Brokerage windows are useful tools to meet specific participants’ investing needs and the DOL should make it easier, not harder, for plan sponsors to offer them, commenters told...

PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors that are required to reinstate certain previously suspended...

The judge in the fiduciary breach lawsuit has approved a joint motion to stay the proceedings while the parties engaged in mediation towards a potential settlement.

The plaintiffs say prudent practices followed before a merger of retirement plans were not followed after, and they claim that when the plan switched to cheaper share class...

Plaintiffs in a lawsuit against the financial firm wanted an appellate court to weigh in on whether a document mandating T. Rowe Price funds be offered in its...

The court also concluded that because Banner Health and its recordkeeper had no prior relationship and their service arrangement was not likely to cause harm, it is not...

The plaintiffs in a new fiduciary breach lawsuit say they have been misled by a financial adviser into buying commission-based life insurance products, rather than the retirement-focused investments...

The high court granted a writ of certiorari requested by plaintiffs in a lawsuit against Northwestern University over fees in its two 403(b) plans.

The claims regulation referenced in a DOL information letter applies to both health and welfare plans and retirement plans, but the letter is fairly limited in scope, an...

Employers can educate employees about new regulations issued in response to a Supreme Court decision.

Teachers hired after 2011 are part of a variable benefit plan design, in which they have to pay more into the plan when returns miss certain targets, a...

The agency is requesting comments about whether relief should be made permanent.

The settlement agreement includes both a $5.4 million payment and non-monetary relief.

A judge found that an email requesting information about obtaining benefits constituted a ‘written request’ as required by the plan document and that Nissan didn’t respond within the...

Another House committee has held a hearing on the popular ‘SECURE 2.0’ legislation, setting the stage for a full floor debate and potential bipartisan vote.

A former participant in DuPont’s DB plan claimed that confusing benefit statements caused him to miss out on years of payments.