A federal court has advanced claims by investors in State Street stock, including retirement plan participants, relating to its foreign exchange practices.
A federal district court approved an additional award of fees and costs incurred by attorneys representing participants who won a cash balance plan challenge.
A California employer group has filed an amicus brief in a case over whether 401(k) plan fiduciaries breached their duties by selecting retail-class mutual funds over institutional-class funds.
According to law firm Winston & Strawn, the Securities and Exchange Commission has modified its schedule for adopting rules relating to the Dodd-Frank Act, including the key provisions...
Senators Carl Levin (D-Michigan) and Sherrod Brown (D-Ohio) introduced legislation to end a corporate tax break allowing corporations to deduct stock option expenses on their tax returns in...
An ERISA Strategist report from law firm Constangy, Brooks & Smith LLP says 2010 was the year that illuminated retirement plan problems plaguing 403(b) plan sponsors.
A court has found that a defined contribution plan amendment liquidating two investment options was invalid because the sponsor did not follow amendment procedures dictated by the plan.
Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that he has reached a settlement with numerous feeder funds.
In light of recent statements regarding its position on the proposed definition of fiduciary regulation, the American Society of Pension Professionals & Actuaries (ASPPA) reiterated its support of...
Phyllis Borzi, Assistant Secretary of Labor of EBSA, told legislators it is imperative that impartial investment advice be accessible and affordable to retirement plan sponsors and participants.
In a letter sent to the Treasury, ASPPA said it supports the Department's initiatives regarding lifetime income distributions and relief for sponsors of safe harbor 401(k) plans who...
The U.S. Court of Appeals for the District of Columbia Circuit has rejected a new rule from the Securities and Exchange Commission (SEC), Reuters reports.
Brian H. Graff, executive director and CEO of the American Society of Pension Professionals & Actuaries (ASPPA) issued a response to the budget proposal introduced by a bipartisan...
In a letter to Congress, the Pension Rights Center urged legislators to support the Department of Labor’s proposed regulation to alter the definition of the term "fiduciary” under...
At last week’s Northeast Area Benefits Conference, co-sponsored by the IRS and ASPPA, two Certified Public Accountants discussed the many moving parts of a retirement plan audit.
In a live Web chat, Phyllis Borzi, Assistant Secretary of Labor for the DoL's Employee Benefits Security Administration, said her staff is working to finalize its proposed amendment...
ASPPA and the National Tax Sheltered Accounts Association (NTSAA) have submitted a letter to the IRS regarding the termination of a 403(b) plan which is funded, in whole...