News Archive

Less than 24 hours after the filing of litigation challenging the Department of Labor’s (DOL) fiduciary regulation, a second lawsuit was filed June 2.This one, filed in the U.S. District Court for the District of Columbia by the National Association for Fixed Annuities, seeks to “challenge and... READ MORE

As anticipated, a number of retirement industry trade groups and the U.S. Chamber of Commerce have taken their case against the Department of Labor’s (DOL) fiduciary regulation to the courts. Filed on June 1 in the U.S. District Court for the Northern District of Texas, the 74-page suit claims... READ MORE

The Illinois Senate and House of Representatives on May 30 overrode Gov. Bruce Rauner’s (R) veto of a measure allowing Chicago to borrow $843 million to help address its police and firefighter pension fund shortfalls. Rauner had vetoed the bill on May 27. The vote was not close, according to the... READ MORE

Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan can be easily overlooked by sponsors of one-participant retirement plans. In MarketBeat, Kimberly Flett writes that common mistakes in filing the form can be avoided by understanding the basic rules and offers... READ MORE

A recent blog post provides tips and ideas for ensuring that plan and participant information is secure and protected from cyberattack.    “Addressing Cybersecurity in Your Retirement Plan TPA Contract,” by the law firm von Briesen & Roper, offers ideas on how to incorporate cybersecurity... READ MORE

Chicago is a massive city — the 3rd largest U.S. city — and has a pension shortfall to match. A recent analysis offers a look at why the figures are what they are. The Illinois Policy Institute (IPI), an independent research and education organization, offers a different take on why the city’s... READ MORE

Increasingly, a plan’s digital platform — both website and mobile — is becoming participants’ main point of contact with the plan, upping the ante on the quality and efficiency of the user experience. What can consumer research tell us about doing a better job of fulfilling users’ digital... READ MORE

The Department of Labor’s 2016 Advisory Council on Employee Welfare and Pension Benefit Plans has announced that it is embarking on an in-depth study of cybersecurity as it applies to benefit plans.“Cybersecurity Considerations for Benefit Plans” is not the first such effort. The new project builds... READ MORE

You have a client who left his employer at age 53, and will be 55 this year. In Tech Talk, Ellie Lowder tells us whether he can make withdrawals from his 403(b) account without incurring the IRS penalty tax. READ MORE