Compliance

Most appeals courts have so far agreed with them.

Hear about the experiences of plan sponsors that have been through IRS and DOL audits.

The funded was expected to become insolvent in 2041.

Strong committees can serve both as a boon for participants and protection for audit and litigation risk, according to panelists at this year’s PLANSPONSOR National Conference.

A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan included higher-cost investments instead of cheaper ones.

A former employee alleges that the San Francisco-based company violated its fiduciary duties by using forfeited plan assets to reduce future employer contributions.

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased participants.

The grant will protect the retirement benefits of 24,288 participants.

Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.  

A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed the lawsuit.

Two pending bills would require greater disclosures to health payers.

A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials, including witnesses that each expects to testify. 

The telecommunications company argued that allegations that it failed in its fiduciary duties are misplaced and should fall to its independent fiduciary, SSGA.

The 2 grants total $90 million and will help cover about 2,000 workers.

A series of lawsuits have challenged how plan sponsors have used plan forfeitures to reduce employer contributions.

The law greatly incentivized DC plans over DB plans, according to experts at an ERISA at 50 symposium.

TIAA’s request to dismiss lawsuit alleging it used aggressive tactics to move participants from the plan into more costly managed accounts will move ahead.

As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under increased scrutiny in recent lawsuits.

Retirement plan and benefit disclosures should only be given to participants if they contain actionable information, industry groups say.

The retirement plan committee for the engineering firm’s $5.1 billion plan is sued over the fees participants paid after being defaulted into managed accounts.