As the U.S. Supreme Court ponders whether a 401(k) participant can pursue a fiduciary breach suit on behalf of himself rather than on behalf of the plan, a federal appellate court has ruled that two participants can move forward with such a breach suit as individuals.
Accusations of mismanagement have been leveled against Merrill Lynch by government clients in a second state, the Wall Street Journal reported.
A federal judge in Indiana is allowing a Merrillville, Indiana law firm to continue with its lawsuit against its 401(k) investment managers and recordkeeper over the amount of a “transfer adjustment″ charge levied when the firm withdrew the plan’s assets.
After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge has cleared the companies of wrongdoing.
The Internal Revenue Service (IRS) announced that a new version of Form 4461-A, “Application for Approval of Master or Prototype or Volume Submitter Defined Benefit Plan,″ has been released and is now available online.
The U.S. Supreme Court has ruled that defrauded shareholders should not necessarily be allowed to sue advisers, lawyers, accountants, and vendors that serve the company that committed the underlying crime.
A former AXA Equitable Life Insurance investment adviser has pled guilty to stealing $1.7 million from Colorado public school teachers.
Internal Revenue Bulletin 2008-1 provides updates and restatements of eight IRS revenue procedures that govern letter rulings, information letters, determination letters, and other guidance regarding employee plans.
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.
The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued an advisory opinion about plan fiduciaries using plan assets to further policy or political issues through proxy resolutions.
President Bush signed legislation on Monday that makes it easier for mutual funds and private pension funds to sell their investments in companies doing business with Sudan.
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.
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.
The Internal Revenue Service has updated its regulations on the tax treatment of cash balance plans to include changes made by the Pension Protection Act (PPA).
U.S. lawyers are on track to bring about 58% more shareholder class action cases this year, Reuters reports.
The latest ERISA litigation firm to probe the company stock investment in the Morgan Stanley 401(k) Plan and the Morgan Stanley Employee Stock Ownership Plan is Milberg Weiss LLP.
The Internal Revenue Service (IRS) has extended transitional relief for defined contribution plans subject to the employer stock diversification rights rules put in place by the Pension Protection Act (PPA).
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.
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.
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).