In a report, the GAO notes that concerns about legal risks and recordkeeper constraints may deter many 401(k) plan sponsors from offering lifetime income options in their plans.
The DOL obtained a court order requiring the fiduciary of William Bowman and Associates Inc.401(k) plan to continue making installment payments for plan losses due to a fiduciary...
A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.
Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...
Even advisers who feel well prepared for the DOL new fiduciary rule will face an increased amount of paperwork and disclosure, both internally and coming from outside providers.
A new study from Strategic Insight predicts the DOL fiduciary rule will accelerate demand for institutional pricing of mutual funds sold through intermediaries.
A complaint filed in a Pennsylvania district court by the DOL’s Employee Benefits Security Administration alleges a list of ERISA infractions related to fees, documents, disclosures and processes...
For the first time in seven annual editions of its Plan Sponsor Attitudes Survey, fiduciary responsibility is cited as the top reason 401(k) retirement plan sponsors start using...
Most advisers feel they are making good progress on addressing the Department of Labor fiduciary rule, according to a Nationwide Retirement Institute survey.
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal...