The suit alleges 401(k) plan fiduciaries failed to use the lowest cost share classes or consider CIT versions of mutual funds in the plan, among other things.
There are two proposed changes, and comments are also requested about ways to enhance the information collected and to minimize the burden of the collection of information.
The proposal sets forth ‘permitted practices’ under which the plan fiduciary can adopt certain proxy voting policies and parameters, among other things.
Retirement industry experts say more should indeed be done to help lower-income workers save for the long-term future, but disagreement persists about the best strategies to accomplish this...
According to the lead plaintiff, fiduciary violations occurred when an inflated valuation provided by Wilmington Trust caused an employee stock ownership plan to buy company shares at an...
A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer from withdrawal liability.
A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.
Though they applaud the direction the Department of Labor is taking, expert ERISA attorneys say a new proposed rule does not sufficiently explain how pooled employer plans can...
BTG International and company officials agreed to pay $560,000 to settle charges they allowed the plan’s recordkeeper to receive unreasonable compensation through undisclosed channels.
The DOL said it received several requests for a hearing during the comment period and commenters expressed interest in its proposed ERISA prohibited transaction exemption.
Before it published a proposed rule, the DOL sent letters to plan sponsors about ESG investment practices. Sources share thoughts about what the effort means.
Company 401(k) plan fiduciaries are accused of failing to negotiate for better fees, switch to collective trusts and switch to lower-cost share classes for investments.
The Tax Cuts and Jobs Act provided for an extension of the period a retirement plan participant has to roll over plan loan offset amounts in certain cases.