Compliance

Two more age bias cases were filed recently by the Equal Employment Opportunity Commission, and an agency report says age discrimination can thwart employees’ plans to work longer...

The company will pay $1.2 million, of which, $395,000 goes to class counsel.

The case concerns the issue of how much courts should defer to agency (such as IRS or Department of Labor) interpretations of regulations.

Industry groups argue that the move would strip critical investor protections.

The proposed rulemaking would make technical corrections, clarifications, and improvements to its regulations on Reportable Events and Certain Other Notification Requirements, Annual Financial and Actuarial Information Reporting, Termination...

In testimony to the ERISA Advisory Council, James Haubrock, with the American Institute of Certified Public Accountants (AICPA), explained how using findings from retirement plan financial audits can...

According to Democratic leaders in Congress, the Department of Labor appears to be doing little, if anything, to inform consumers about conflicts of interest in the advisory and...

The decision out of the 8th Circuit ties together the influential Supreme Court decisions known as Fifth Third v. Dudenhoeffer and Tibble v. Edison.

The central objective of the Statement 84, Fiduciary Activities, is to enhance the consistency and comparability of fiduciary activity reporting by state and local governments.

A federal court found plan fiduciaries acted with loyalty and prudence, and that plaintiffs failed to show the failure to have an investment policy in place, standing alone,...

ERISA allows plan participants to sue to remedy demonstrable harms they have suffered as a result of fiduciary breaches. Less clear is how to apply ERISA’s remedies when...

MFS has also agreed to pay $6,875,000 into a qualified settlement fund to resolve the claims of the court-approved class.

Rachel Leiser Levy, from Groom Law Group, explains changes from the proposed HRA regulation in the final regulation, and says it remains to be seen how this will...

Both chambers of the State Assembly have passed legislation that would require religious organizations that manage pension plans to send regular updates on the financial health of the...

Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.

Some players in the K-12 403(b) plan marketplace say the multiple-provider model leaves plan sponsors with an unworkable number of providers and costs to participants are higher, while...

The investment committee for two Intel Corporation retirement plans asked the court to determine whether the provision of plan documents, in itself, creates for participants “actual knowledge” of...

Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of these lawsuits.

Good candidates for outsourcing include plan sponsors who want to spend more time focused on plan design innovation and tracking outcomes of investment management and administrative oversight.