Compliance

IRS Publishes Company Stock Diversification Guidance

In an effort to enact Pension Protection Act (PPA)-mandated changes, the Internal Revenue Service (IRS) has put out a proposed regulation generally barring restrictions on publicly-traded employer stock investments in defined contribution plans.

EBSA Announces $1.5B in Monetary Enforcement Results

Bradford P. Campbell, assistant secretary of labor for the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), on Monday announced that the agency achieved monetary results of $1.5 billion and 115 criminal indictments in fiscal year 2007.

Too Good To Be True?

However you feel about taxes and the Internal Revenue Service, odds are you’ve at least been tempted to find ways to pay less than the IRS seems to think you should.

Plaintiffs Amend Boeing 401(k) Excess Fee Suit

Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing actively managed funds.

Morgan Stanley Hit with 401(k) Stock Suit

A New York law firm has filed a lawsuit against Morgan Stanley and its 401(k) plan fiduciaries charging that the fiduciaries improperly allowed participants to continue investing in company stock.

DoL Proposes Civil Penalties for Disclosure Violations

The U.S. Department of Labor (DoL) has proposed a regulation for assessing civil penalties against plan administrators who fail to disclose certain documents to participants, beneficiaries, and others as required by the Pension Protection Act (PPA).