Compliance

The Obama administration intends to extend workplace access to a retirement savings opportunity to more than 30 million Americans.

The Supreme Court returned Amgen’s ESOP case to the lower court for a second time.

The U.S. Labor Department filed a lawsuit against a Florida employer accused of imprudence in the valuation and sale of the company’s stock to its own employees. 

A former SunEdison employee is suing the company, a raft of its directors and State Street Bank for continuing to offer SunEdison stock in the retirement plan.

A recent decision by the U.S. Supreme Court seems to limit the ability of ERISA plans to seek equitable relief or reimbursement of payments from a third-party recovery—especially...

DOL proposal on state-run retirement programs promotes confusing patchwork of laws and a few unintended consequences, say industry groups ICI and SIFMA.

Great-West, now doing business as Empower Retirement, is facing similar accusations to those leveled against Prudential at the end of last year.

They haven’t received quite the same number of comments as the DOL’s pending fiduciary regulations, but proposed liquidity rules from the SEC have clearly grabbed the investment and...

The DOL has obtained judgment to distribute $1.3 million to participants in a Georgia 401(k) plan.

The ARA and Voya Financial call on the DOL to offer similar relief to private-sector retirement plans as it proposes for state-run plans for private-sector employees.

In the years following the filing of a lawsuit against U.S. Bank, it has made changes to its DB plan investing practices that have resulted in the plan...

The Supreme Court has denied a petition to review a case about restriction-of-venue clauses in retirement plan documents related to ERISA challenges—based not on the weakness of appellees’...

A former State Street SVP and State Street Bank have consented to the SEC’s orders without admitting or denying guilt.

A lawsuit brought by participants in JP Morgan’s 401(k) plan alleging imprudence in keeping company stock in the plan was dismissed under the new Supreme Court standard.

Each January the Securities and Exchange Commission signals its enforcement priorities for the coming 12 months—this year highlighting the importance of adviser transparency, cybersecurity and liquidity issues, among...

Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any fiduciary duty.

Retirement plans across the U.S. argued they were misled about the riskiness of funds exposed to the firm’s much-maligned “London Whale” trading losses in 2012. 

On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.

The IRS has issued updated procedures for requesting letter rulings and has made changes to VCP fees.

The agency has added references to 403(b) pre-approved plans in its user fee guidance.