Compliance

District Court rejects retirement plan representative's “honest mistake” in Paul v. Detroit Edison.

Federal government rulemaking seldom moves quickly, and in the case of the DOL fiduciary rule, observers warn the final impact of the consumer protection regulation remains anyone’s guess.

With so much industry attention fixed on the DOL’s proposed fiduciary rule language, plan sponsor clients will undoubtedly be asking, “What does it mean for us and our...

A study by the DOL has alerted the AICPA to some issues with retirement plan financial audits.

The DOL’s release on Tuesday of the reworded fiduciary proposal was a critical event for the industry—so there was no shortage of either positive or negative commentary following...

By its nature as a fundamental mechanism of ERISA, the fiduciary standard applies to a myriad of highly specific circumstances playing out between retirement plan advisers and sponsors...

New rule language outlined by the Department of Labor will increase the number of advisers and brokers required to act as fiduciaries for investment clients.

As expected, financial services advocacy groups have plenty to say on the proposed fiduciary rule by the Department of Labor (DOL).

Filed as Senate Bill 1092 and Assembly Bill 6796, a new initiative in the New York State Legislature seeks to expand and strengthen scrutiny paid to pension risk...

After years of waiting, the retirement plan industry will later today see a revised “consumer protection proposal” from the Department of Labor that some expect to redefine ERISA’s...

Despite enormous industry attention paid to the case, some attorneys say a pending Supreme Court decision in the Tibble vs. Edison retirement plan fee litigation may not be...

A former SEC attorney says retirement plan participant lawsuits don’t benefit anyone, but he has launched a new initiative designed to hold plan fiduciaries accountable for their actions.

LandAmerica Financial Group will pay $5 million to settle claims it held company stock in its 401(k) plan when it was imprudent to do so.

The Department of Labor is hosting educational seminars during May and June that can help plan sponsor clients better understand their roles and responsibilities as retirement plan fiduciaries.

Andrew Bowden, director of the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC), will leave the agency.

Significant retirement industry attention is fixed on the potential negative implications of a stronger fiduciary standard, but some advisers are actually looking forward to the new rulemaking.

The IRS encourages plan sponsors to include completed reference lists with determination letter applications.

The DOL sued retirement plan fiduciaries in Connecticut for failing to forward contributions and loan repayments withheld from participants’ paychecks as required by ERISA.

New safe harbor correction methods related to automatic enrollment features in defined contribution plans are being implemented by the Internal Revenue Service.

Retirement plan sponsors that omit any steps in the voluntary compliance process must reapply for the IRS program and pay a fee.