Regulation

It’s not enough to simply post a summary plan description on an employer’s intranet to satisfy the ERISA requirement that such information be “furnished” to plan participants.

To avoid breach of fiduciary duty claims in the future, retirement plan sponsors need to reexamine the investment policy statement for their 401(k) plans to make sure they are doing enough to make sure workers’ retirement funds are invested in the lowest fee and best investments possible.

Commentary: Supreme Court decision yields universal agreement that fiduciary duty is an ongoing responsibility, affirms four best practices for plan advisers to follow.

The U.S. Supreme Court issued a decision Monday that could have far-reaching implications for how long a retirement plan participant has to sue an employer for breach of fiduciary duty in a 401(k) plan.

The U.S. Supreme Court said 401(k) plans have a duty to monitor the investment options they offer, in a ruling that may help investors press lawsuits over underperforming funds and excessive fees.

Only 10% of some 480 employers in 36 industries responding to a recent poll have implemented an in-house or outsourced solution to comply with Affordable Care Act reporting requirements.

Just over one year ago, President Obama signed a Presidential Memorandum directing the Secretary of Labor to “restore the common sense principles” related to overtime.

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

Commentary: New guidance suggests that OIG expects governing boards to understand the organization’s compliance obligations, work closely with management to monitor and enhance the organization’s compliance program, and to encourage compliance accountability across the organization.

A new FAQ from the Departments of Labor, Health and Human Services and Treasury offers quite prescriptive guidance on the types of contraceptives plans must offer and pay for, and to whom they must be offered.