Judge Rejects Immediate Appeal for Church Plan Lawsuit
A federal court judge has denied a motion for immediate review by an appellate panel of one of the ongoing “church plan” cases.
Compliance
Fidelity Wins Some in Appeal of Tussey Case
Fidelity was able to convince an appellate court to vacate some of the decisions made against it in the widely watched case of Tussey v. ABB, Inc.
New Fiduciary Sought for Abandoned NYC Plan
The Department of Labor (DOL) is seeking approval to have an independent fiduciary appointed for an abandoned New York City retirement plan.
SEC Sets 2014 Broker/Dealer Outreach Schedule
The Securities and Exchange Commission (SEC) released the schedule for this year’s Regional Compliance Outreach Program for financial and compliance professionals working with broker/dealer firms.
Fiduciary Liability and Form 5500 Reporting
Retirement plan sponsors can outsource much of the work involved in filling out and filing annual Form 5500s, but they’re still responsible for the results.
DOL Hosting Series of Fiduciary Webcasts
The Department of Labor is presenting the “Getting It Right – Know Your Fiduciary Responsibilities” webcast series.
Should Small Plans Mimic Big Ones?
Small plans must be given more latitude to mimic their larger counterparts if the nation is to adequately fund its retirement needs, says Kristi Mitchem, of State Street...
Streamlined Fee Data May Have a Hitch
The DOL’s fee data proposal is fairly straightforward, but could trigger a prohibited transaction, says Bruce Ashton, a partner in Drinker Biddle & Reath’s Los Angeles office.
Congressional Hispanic Caucus Weighs in on Fiduciary Rules
A group of 26 members of the U.S. House of Representatives, known as the Congressional Hispanic Caucus, threw its support behind expanded fiduciary rules pending from the Department...
Multiple Providers Named in Suit on Plan Fees
The St. Louis-based law firm of Schlichter, Bogard & Denton filed a class action on behalf of participants in the retirement plans of Novant Health Inc., seeking the...
DOL Proposes Service Provider Fee Guides
The U.S. Department of Labor is seeking public comments about a proposed revision to fee disclosure rules that would simplify the way fee data is presented to some...
Participant’s Imprudent Funds Claims Time-Barred by ERISA
A federal appeals court has dismissed claims of a participant in Suntrust Bank’s 401(k) plan that the company engaged in “corporate self-dealing” at the expense of plan participants.
PBGC Finalizes Premium Changes
The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule implementing changes to premium due dates and calculations.
404(c) in the Modern World
Current regulations and the current plan administration landscape make it more likely plan sponsors are complying with Employee Retirement Income Security Act (ERISA) Section 404(c).
Adviser Not Liable for Plans' Bad Investment
A federal appellate court found a registered investment adviser for two pension plans was not a fiduciary for those plans.