Retirement & Benefits

The exclusion for defined-contribution retirement plans cost will reduce federal revenues by another $156 billion.

The exact contents of the proposal will be unclear until the Department of Labor releases the rule.

The company denies wrongdoing in resolving claims over recordkeeping fees and forfeitures.

Stifel failed to remove two poorly performing funds from the plan, according to the complaint, which was filed on behalf of more than 10,000 participants.

"Plan sponsors should brace for continued litigation, as plaintiffs seek to up-end longstanding assumptions about voluntary benefits and expand the scope of fiduciary liability."

Employers can protect themselves by considering key aspects of their benefits programs.