Law and regulation

Lawsuits have been filed against eight private universities sponsoring defined contribution code Section 403(b) and 401(a) retirement plans

Last week, yet another slew of private retirement plan managers became the target of class-action lawsuits. This time it was a bunch of universities: Yale University, NYU, MIT, and other schools have been sued for failing to properly oversee their employees’ retirement plans.

The insurer warned the government in a July letter that it would be financially forced to step back its participation in the individual insurance exchanges if the DOJ tried to block its $28 billion purchase of Humana. Guess what happened, writes Max Nisen.

The number of plan sponsors concerned about fiduciary matters jumps 14%, a Fidelity Investments study shows.

The number of plan sponsors concerned about fiduciary matters jumps 14%, Fidelity Investments study shows.

The DOL and IRS announced a proposal to implement significant changes to forms and regulations that govern annual employee benefit plan reporting.

The IRS published new rules that attempt to reduce the confusion regarding taxpayer identification number solicitations.

DC contributions are in danger when a person becomes disabled, attorney David Kaleda and other experts say.

DC contributions are in danger when a person becomes disabled, attorney David Kaleda and other experts say.

Chief Executive Officer David Cordani faces a tough task: persuading investors and lawyers that the health insurer is committed to a troubled $48 billion takeover, while also talking up its prospects as an independent company.