7th Circuit Applies Presumption of Prudence to Marshall & Ilsley >
April 29, 2013 -- The 7th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a presumption of prudence for holding company stock in its retirement plan.
IRS to Discuss 401(k) Questionnaire Findings >
April 24, 2013 -- The Internal Revenue Service is hosting a phone
forum to discuss findings from its 401(k) Compliance Questionnaire.
Don’t Be an “Accidental” Fiduciary >
April 24, 2013 -- With regulatory changes coming, advisers need to reconsider their fiduciary status.
IRS Gives Amendment Relief to Certain ESOPs >
April 23, 2013 -- The Internal Revenue Service (IRS) is granting relief for employee stock
ownership plans (ESOPs) that have to make amendments to satisfy diversification
requirements.
Fidelity Accused of Self-Dealing in New Lawsuit >
April 22, 2013 -- A lawsuit filed against Fidelity (FMR) accuses it of self-dealing at the expense of its own workers’ retirement savings.
Ambulance Firm Failed to Credit Contributions >
April 22, 2013 -- The Department of Labor (DOL) says a bankrupt
ambulance services company in LaVergne, Tennessee, failed to credit employees’
401(k) contributions.
'Top Hat' Plan Assets Not Protected by ERISA >
April 22, 2013 -- A court ruled an executive’s supplemental retirement plan assets are not protected by his employer’s creditors.
Rep. Waters Introduces Bill to Boost Exams >
April 19, 2013 -- Legislation
introduced by Congresswoman Maxine Waters would give the Securities and
Exchange Commission (SEC) the authority to impose user fees on investment
advisers.
Budget Puts the Squeeze on Adviser Exams >
April 18, 2013 -- Without significant changes, the SEC cannot fulfill its mandate for examinations
of investment advisers, said Elisse
Walter, commissioner of the Securities and Exchange Commission (SEC).
DOL Webcast Aims to Educate Younger Workers >
April 17, 2013 -- The U.S. Department of Labor (DOL) is co-sponsoring
a webcast to provide financial education for younger workers and college
seniors.