Compliance

Between the effects of the economic downturn and the implications of sweeping new regulations, sponsors of 403(b) plans have...

A federal judge in New York has tossed out allegations CitiStreet violated its fiduciary duties by misrepresenting the State Street Daily Bond Market Fund as a safe, conservative...

A strong theme in testimony from witnesses at this week’s hearing into providing lifetime income options in retirement plans was a warning of how much sponsors fear incurring...

U.S. Senators on Thursday approved a provision allowing 401(k)s to handle Roth conversions within the plan rather than force participants to roll converted assets into a Roth IRA....

Three women who claimed they were examples of a systemic gender bias problem at Goldman Sachs have sued the Wall Street firm in federal court alleging discrimination in...

Forty-five companies and interest groups representing the retirement industry testified before the Department of Labor (DoL) and the U.S. Treasury yesterday and today to discuss lifetime income...

A federal judge in Indiana has given final approval to a $7-million settlement of a stock drop class action case against Guidant Corp.

The owner of a Pasadena, California, spa and salon has been charged with embezzling more than $26,000 withheld from employee paychecks for a 401(k) profit-sharing plan.

The Securities and Exchange Commission has approved the adoption and extension of new stock trading circuit-breakers.    

A federal appellate court has cleared Solvay Chemicals Inc. of wrongdoing in its cash balance plan conversion, but sent a narrowly drawn notice issue back to a lower...

A federal court in Connecticut has prohibited David B. Austin from using any confidential client information originating from his former employer, AmWINS Group Inc., at his new...

General Growth Properties, the second-largest U.S. Mall owner, in the process of emerging from bankruptcy, has agreed to a $5.75-million settlement of a 401(k) stock-drop case.

Merrill Lynch’s WealthBuilder Plan did not violate the Employee Retirement Income Security Act (ERISA) because it was a top-hat plan, a federal judge ruled in throwing out a...

Bank of America (BofA) was sued Thursday in Manhattan federal court by four female advisers and trainees; former employees of Merrill Lynch.  

A selection of the 44 comments received by the U.S. Department of Labor (DoL) about its pending fee-disclosure rule shows broad support for the rule’s intent, but continued...

The American Payroll Association (APA) issued a statement today to alert the public of the potential hit paychecks will take due to expiring tax cuts.   

A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries...

A federal judge in Oklahoma has cleared a 401(k) plan administrator of wrongdoing in a dispute over whether the employer should be forced to repay the participant for...

A federal court has given preliminary approval of a settlement that would resolve lawsuits alleging breaches of fiduciary duties under the Employee Retirement Income Security Act by Washington...

In a letter to the Securities and Exchange Commission (SEC), the National Association of Independent Retirement Plan Advisors (NAIRPA) calls for “focused disclosure” of target-date funds and said that...