Compliance October 21st, 2024 DOL Publishes 1st List of Firms Using Qualified Plan Exemptions The list includes nearly 900 companies as part of the DOL’s finalized amendment to PTE 84-14.
Compliance October 18th, 2024 ERISA Committee Wants More Guidance From IRS on Student Loan Matching ERIC makes the request after guidance the IRS gave this summer.
Compliance October 17th, 2024 UC Schools Report Fraudulent Activity in Fidelity Retirement Accounts The issue affected Fidelity retirement plan accounts at UC Davis and other schools in the University of California system.
Compliance October 14th, 2024 Northern Trust Reaches Tentative Settlement in 401(k) Suit Settlement to be considered by the court on October 30 in class action filed by workers in 2021.
Compliance October 10th, 2024 Fidelity Data Breach Exposed Info of 77,000 Clients The August hack did not provide direct access to users’ accounting, according to a security breach filing.
Compliance October 7th, 2024 Supreme Court to Review ERISA Prohibited Transactions A case brought in 2016 against Cornell University will be reviewed for how strictly the courts should read ERISA on...
Compliance October 4th, 2024 Treasury, IRS Issue Part-Time Eligibility Guidelines for ERISA 403(b) Plans The guidance clarifies exclusions that prevent certain part-time employees from contributing to a plan.
Compliance October 2nd, 2024 TIAA Swept Up in Infosys Breach The data breach affected nearly 9,000 individuals at TIAA.
Compliance September 25th, 2024 GOP Bill Introduced in Senate to Permit CITs in 403(b) Plans The latest bill is one of several pending measures that aim to allow 403(b) plans to invest using the cheaper...
Compliance September 24th, 2024 California Federal Court Dismisses Thermo Fisher 401(k) Forfeiture Lawsuit A Thermo Fisher 401(k) plan participant accused the company and its pension committee of violating ERISA by using forfeited funds...
Compliance September 24th, 2024 SEC Charges 12 Financial Firms for Recordkeeping Failures The firms will pay a total of $88.2 million in civil penalties.
Compliance September 23rd, 2024 DOL Will Appeal Stay on Fiduciary Rule The Department of Labor will ask the 5th Circuit to reinstate the fiduciary rule after it was blocked by two...
Compliance September 23rd, 2024 Cybersecurity Insurance Considerations Expert Steve Taylor gives his views on cybersecurity insurance, as breaches proliferate in financial services.
Compliance September 23rd, 2024 Chevron Explained ERISA expert David Kaleda unpacks the Supreme Court decision that gives the courts more weight in areas that include employee...
Compliance September 17th, 2024 Court Grants Genworth Class Certification Appeal Plaintiffs can appeal class action status granted earlier this month to participants who were invested in BlackRock Inc. target date...
Compliance September 17th, 2024 2025’s Tax Sunset and DC Plans The first article in this quarter’s PLANADVISER In-Depth series, which considers the state of retirement in the U.S., looks at...
Compliance September 12th, 2024 SEC Committee to Host Investment Advice Discussion The regulator’s advisory body will hold a public hearing September 19 to address fiduciary advice in the wake of the...
Compliance September 11th, 2024 Infosys Breach From 2023 Exposed Personal Data of 6 Million People T. Rowe Price and New York Life were cited in a filing with the Maine Attorney General on previously reported...
Compliance September 10th, 2024 SEC Fines 9 Advisories for Marketing Rule Violations The regulator issued penalties totaling $1.24 million to settle charges of ‘untrue or unsubstantiated claims.’
Compliance September 9th, 2024 BAE Beats 401(k) Plan Forfeiture Suit A federal judge in Virginia dismissed a proposed class action, marking one win for defendants amid a slew of recent...