A Compliant Process for Plan-to-IRA Rollovers
Fred Reish and Joan Neri detail how RIAs can comply with current rules while the new DOL fiduciary rule remains...
Compliance
401(k) Forfeiture Lawsuits Seeing Their Day in Court
A new complaint is filed and others are moved ahead involving Bank of America, Intuit and Qualcomm.
Near Retirees Being Targeted by Imposter Social Security Administrators
‘Long cons’ are becoming more frequent as scammers go after retirement savings, according to a warning from the Office of...
DOL to Launch Revamped Federal Benefits Website
The department is ‘centralizing’ government benefits such as Social Security and disaster relief at USA.gov.
Judge Dismisses 401(k) Excessive Fee Allegations Against Tyson Foods
Judge rules for Tyson in employee lawsuit alleging the company overcharged participants for bundled recordkeeper fees and failing to solicit...
Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities
A proposed class action complaint filed by law firm Schlichter Bogard claims TIAA’s strategy steered participants to its own retirement...
11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit
The court agreed with the district court decision that workers' "damages claims fail."
Senate Committee Passes Bill That Would Boost EBSA Funding
The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
Bill to Allow CITs in 403(b) Plans Introduced in Senate
The introduction of the bill comes after a similar proposal was passed by the House of Representatives on March 8.
Major 401(k) Litigators Are ‘Back in Action,’ With More Entering the Fray
After a lull in filings last year, 2024 is seeing an uptick, including from law firms not previously active in...
Top Advisers: Diligence About 401(k) Plan Litigation as Crucial as Ever
Plan advisers share their expertise on what types of plans are most at risk for 401(k) litigation and how they...
Are District Court Rulings the ‘Final End’ For DOL’s Fiduciary Rule?
Two federal courts in Texas halted the DOL’s new fiduciary rule. An appeal is likely, but ERISA experts say Congress...
Budget Scoring Methods Could Lead to More Complicated Roth Policies
More tricky Roth provisions could be inserted into retirement plan legislation, as long as budget incentives continue to drive policy...
Second US District Court Issues Stay of Retirement Security Rule
The Northern District of Texas quickly followed the Eastern by staying the Department of Labor’s fiduciary rule ahead of its...
Judge Stays DOL’s Retirement Security Rule
The preliminary injunction issued in a Texas district court comes with the fiduciary rule scheduled to take effect September 23.
Pennsylvania Judge Rejects Challenge to FTC’s Noncompete Ban
The ruling contradicts an injunction a Texas court scheduled to take effect in September.
Equity Market Rule Changes Might be Overhauled by SEC This Year
The SEC indicated in its Spring 2024 agenda that it intends to finalize the market structure rules prior to the...
5th Circuit Appeals Court Sends DOL ESG Case Back to Texas Court
A challenge to the 2022 Department of Labor ESG rule on 401(k) plan investing returns to a Texas district court...
PBGC Single-Employer Insurance Fund Tracking for $71.6B Surplus in 2033
What’s more, the Pension Benefit Guaranty Corporation’s multiemployer fund should remain solvent for at least 40 years.
DOL Announces Online Filing for Abandoned 401(k) Plans
The online system launches shortly after the DOL amended a rule to include Chapter 7 bankruptcies.