The American Society of Pension Professionals & Actuaries (ASPPA) says proposals to scale back or eliminate retirement savings tax incentives for 401(k) plans are based on misleading math.
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will publish in tomorrow’s Federal Register a notice proposing to extend and align the applicability dates for its...
The 7th U.S. Circuit Court of Appeals has denied a petition to rehear a case alleging Kraft Foods breached its fiduciary duties under the Employee Retirement Income Security...
The U.S. District Court for the District of New Jersey has dismissed a suit alleging John Hancock charged 401(k) plans excessive fees for investment services.
The U.S. Supreme Court vacated a lower court’s decision on grounds that that it lacked authority under ERISA to reinstate CIGNA's traditional defined benefit plan as a remedy...
The Financial Industry Regulatory Authority (FINRA) has fined Nuveen Investments, LLC, $3 million for creating misleading marketing materials used in sales of auction rate preferred securities (ARPS).
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is hosting a workshop on how to correct certain fiduciary violations under the Employee Retirement Income Security Act (ERISA).
A federal appeals court has ruled that UMB Bank is not responsible for losses to retirement plan accounts from investments directed by participants’ investment adviser.
The National Association of Government Defined Contribution Administrators has published an Issue Brochure explaining rules regarding newly-allowed Roth contributions to 457 plans.
The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to rehear a case which found fiduciaries at Kraft Foods may have breached their...
Workers will be limited in tapping their 401(k) retirement plans for loans under legislation introduced by Senators Herb Kohl (D-WI) and Mike Enzi (R-WY).
The U.S. Supreme Court sent back a lower court decision that ordered CIGNA Corp. to reform its cash balance plan in awarding relief to participants on a conversion...
The Securities and Exchange Commission (SEC) last week proposed raising certain dollar thresholds that would need to be met before investment advisers can charge their clients performance fees.
A former Merrill Lynch branch manager has accused the firm of discriminating against him for being a member of the Church of Jesus Christ of Latter-Day Saints.