Having processes in place and following published Department of Labor (DOL) guidance are a couple of things plan sponsors can do to be prepared for an audit.
The initiatives build on the Securities and Exchange Commission's (SEC’s) past efforts and focus additional enforcement and investor education on these groups.
A district court determined the plaintiffs did not plausibly plead a violation of ERISA’s duty of prudence, because a prudent fiduciary could have concluded that earlier corrective disclosure...
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement accounts (IRAs).
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations...
The agency has been cracking down on age bias, as age discrimination can thwart employees’ plans to work longer and could affect retirement plan drawdown strategies.
The Archdiocese says since it was ordered to pay $4.7 million to teachers whose pension plan was terminated, officials have seized assets from all Catholic entities in Puerto...
A federal court judge found that participants in two retirement plans sponsored by Georgetown University filed their motion for leave to file an amended complaint two days too...
Specifically, the petition for writ of certiorari asked the Supreme Court to answer the question: “In pleading a breach of fiduciary duty under ERISA, is it sufficient for...
A federal court judge cited a 5th U.S. Circuit Court of Appeals decision in Chaplin v. NationsCredit Corp. that concluded, “Although the release does not specifically mention ERISA,...
Retirement plan investment and recordkeeping fees have fallen in the last 10 years, but ERISA litigator Jerry Schlichter says there is more room for improvement.
The reintroduced bill would create the Federal Retirement Commission, which would conduct a comprehensive review of private benefit programs in the U.S., with an eye toward strengthening them.
Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end...
The item on the Department of Labor’s (DOL)’s regulatory agenda has moved from a final rule expected in September to a notice of proposed rulemaking in December.
At a House Committee on Education and Labor hearing, witnesses and lawmakers spoke about the issue of age discrimination in the workforce—agreeing that employers benefit from retaining older...