Compliance

The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...

A $62 million settlement between Lockheed Martin and participants in its 401(k) plan brings to rest a nearly decade-old complaint arguing Lockheed failed to adequately negotiate for lower...

A Securities and Exchange Commission review of the financial services industry’s cybersecurity preparedness shows the vast majority of examined broker/dealers and advisers have adopted written information security policies.

Implementing automatic enrollment without thinking through plan design can result in compliance and administrative issues.

The Internal Revenue Service has announced two free webinars in March about important retirement plan topics.

A lawsuit filed by a former Banco Popular de Puerto Rico (BPPR) employee claiming his monthly pension benefit was substantially lower than the amount promised during his working...

Defined contribution retirement plan sponsors are subject to many risks, which ultimately put a company’s reputation at risk, experts at Sibson Consulting note.

A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own retirement plan.

A case heard in federal appeals court this week asks whether increasingly common pension risk transfer moves by large corporate plan sponsors are putting retirees at increased risk.

An employer’s retirement plan documents did not incorporate beneficiary designation forms in its language or appendices,...

The IRS revealed Form 5500 errors it found during various compliance projects, which could cause a plan to be selected for a compliance check.

President Obama’s proposed budget once again looks to cap retirement plan savings to about $3 million per investor.

The IRS has suggested a list of helpful internal controls for retirement plan sponsors.

The IRS recommends including reference lists when applying for a retirement plan determination letter.

A U.S. attorney has accused a former Comcast employee of creating dummy retirement accounts and defrauding the firm of nearly $125,000.