Reaction from some in the retirement services community to President Obama’s fiscal commission’s final report was harshly negative, warning of dire consequences if the ideas in it are...
Gary L. Merritt, vice president of Bemcore Inc. of Dayton, Ohio, was sentenced by a federal court to five years’ probation and ordered to restore $186,070 to the...
A report by President Obama’s fiscal commission, released today, recommends a higher retirement age and cutting back tax-free treatment of employer-paid health insurance.
A federal court denied a request for a jury trial by former employees of YRC Worldwide who are suing the company for offering company stock as a 401(k)...
A report from Securities and Exchange Commission (SEC) Inspector General David Kotz concludes that in its hurry to bring suit against Bank of America over its Merrill Lynch...
A federal judge in Ohio tossed out a stock-drop suit against Fifth Third Bancorp, claiming it committed a fiduciary breach when company stock was included in its profit-sharing...
The U.S. Department of Labor’s Employee Benefits Security Administration announced that the owner of Philadelphia Pension Planning Corp. has been sentenced for making a false statement in a...
A federal court upheld a lower court ruling that the child of a woman who pleaded guilty to killing the child’s father is liable for federal income tax...
FirstFed Financial Corp. employees have filed a stock-drop suit alleging the bank kept company stock in its employee-stock ownership plan (ESOP) after it was no longer prudent to...
Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding for those “distributions.”
The Securities and Exchange Commission (SEC) has voted to propose new rules to “strengthen the SEC's oversight of investment advisers and fill key gaps in the regulatory landscape”.
Government auditors warned Congress that boosting the Social Security retirement age would harm poor and minority Americans as well as raise disability claims from older disabled people who...
The Internal Revenue Service (IRS) released final versions of Form 3921 and 3922 on which employers are required to report information relating to incentive stock options (ISO) and...
Senate Minority Leader Mitch McConnell (R-Kentucky) and 32 other GOP senators filed a brief on Thursday in favor of a court case challenging health care reform.
The Securities and Exchange Commission (SEC) approved a rule that mandates hedge fund and private equity managers to register with the agency and be subject to unannounced examinations.