Compliance | July 2nd, 2024 California Business Conglomerate Cuts $1.25M Deal to End ESOP Lawsuit A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...
Compliance | June 24th, 2024 AI’s Role in ERISA Lawsuit Selection Plaintiffs' attorneys have the potential to use AI to identify and speed case selection.
Compliance | June 14th, 2024 84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Compliance | June 12th, 2024 Retirement Plan Lawsuit Targets Texas Health Care System Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
Data and Research | May 2nd, 2024 Morningstar, NAPFA Affirm Support for Final DOL Fiduciary Rule Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule.
Benefits | April 4th, 2024 DOL Attains Court Order Directing Defunct Firm Restore Missing 401(k) Money A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...
Products | March 25th, 2024 The 3-Letter Plan Type You Haven’t Heard of Defined Contribution Groups—DCGs—offer another option for sponsors seeking to simplify some administrative tasks.
Compliance | February 5th, 2024 PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...
Compliance | January 19th, 2024 A Call for Feedback on Retirement Reporting Requirements Federal agencies are looking for comments on how to make overall improvements to the current disclosure and reporting system.
Compliance | January 5th, 2024 Recent Regulatory Updates for MEPs, PEPs, DCGs The DOL and IRS have both issued updates for the three composite plan types.
Administration | January 4th, 2024 Form 5500 Modifications Announced for Plan Year 2023 Several schedules have been updated to reflect regulatory changes from both the DOL and IRS.
Compliance | November 20th, 2023 DOL Releases 2023 Form 5500 Updates Schedules DCG and H, among others, will be modified for disclosures filed next year.
Compliance | November 3rd, 2023 Bakery Drivers Plan Loses Case in $132M SFA Application The plan applied for special financial assistance but was denied because the pension fund had previously been terminated.
Administration | October 6th, 2023 Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
Ask the Experts | October 3rd, 2023 How Are Small Plan Participant-Counting Rules Changing For 2024 Reporting? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Products | October 2nd, 2023 Guideline Launches Starter 401(k) Plan The plan provider aims to gain greater market share of retirement 401(k) plans and has debuted a starter product for...
Compliance | September 14th, 2023 PBGC Grants $3.2M to Pennsylvania Construction Pension Fund The Plasterers and Cement Masons Local No. 94 Pension Fund will see a full restoration of cut benefits.
Compliance | September 13th, 2023 Department of Labor Recovers $22.5M for ESOP The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.
Administration | August 28th, 2023 EBSA Extends Form 5500 Credential Deadline Users must obtain new sign-on credentials by December 31, according to the Department of Labor.
Compliance | July 26th, 2023 Mitsubishi Chemical Group Sued by Former Worker The manufacturer was targeted for alleged fiduciary breaches in the management, operation and administration of the plan, according to the...