Compliance

The ERISA Industry Committee (ERIC) submitted to the Treasury Department and Internal Revenue Service (IRS) a series of letters on proposed and final regulations about cash balance and...

In a letter to the Employee Benefits Security Administration (EBSA), the SPARK Institute expressed support for the proposal, but suggested modifications "

Recently released rules by the Internal Revenue Service (IRS) regarding cash balance and other hybrid pension plans may result in more interest from employers, according to Towers Watson.

The Employee Benefits Security Administration (EBSA) announced an extension of the comment period on its proposal to update the definition of fiduciary.

The Securities and Exchange Commission (SEC) is expected to publish its reports on whether broker/dealers should be held to a fiduciary standard and whether advisers need a self-regulatory...

Charles Schwab has urged regulators to focus on other parties in the nation’s recent mortgage meltdown after the firm was dealt a fine from the SEC.

Charles Schwab on Tuesday agreed to pay more than $119 million to settle charges of wrongdoing in connection with the marketing of its Schwab YieldPlus Fund.

Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.

The U.S. Tax Court upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee stock ownership trust (ESOT) are not...

After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties by continuing to offer company...

A federal judge in New York rejected claims that plan fiduciaries are immunized against stock drop suits if the plan mandates company stock investments; a decision not commonly...

Former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after they used plan assets to pay...

A former employee of American International Group Inc. filed a lawsuit claiming PricewaterhouseCoopers L.L.P. was negligent in its audits of AIG and failed to pursue a claim against...

A federal judge in Wisconsin has ordered Alliant Energy Corp. to use an 8.2% interest rate when it carries out lump-sum distributions from its cash balance program.

In a live Web chat discussing the Department of Labor’s Employee Benefits Security Administration’s (EBSA) Semiannual Regulatory Agenda, Assistant Secretary of Labor Phyllis C. Borzi said the Agency will...

Looks like the New Year is going to kick off on a litigious note.  

Steven Rattner, former founding principal of private equity firm Quadrangle Group and former Obama administration "car czar," has agreed to a $10 million settlement of pension pay-to-play charges...

A federal judge has issued an order involving damages in a cash balance lawsuit – and it could be bigger than anticipated. 

Savannah, Georgia-based Memorial Health will suspend its matching contributions to employees’ retirement accounts for at least a year, beginning February 1. 

The Internal Revenue Service has issued Revenue Ruling 2011-3 with the table of covered compensation for the 2011 plan year.