Compliance

Too Good To Be True?

However you feel about taxes and the Internal Revenue Service, odds are you’ve at least been tempted to find ways to pay less than the IRS seems to think you should.

Plaintiffs Amend Boeing 401(k) Excess Fee Suit

Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing actively managed funds.

Morgan Stanley Hit with 401(k) Stock Suit

A New York law firm has filed a lawsuit against Morgan Stanley and its 401(k) plan fiduciaries charging that the fiduciaries improperly allowed participants to continue investing in company stock.

DoL Proposes Civil Penalties for Disclosure Violations

The U.S. Department of Labor (DoL) has proposed a regulation for assessing civil penalties against plan administrators who fail to disclose certain documents to participants, beneficiaries, and others as required by the Pension Protection Act (PPA).

NTSAA Calls for Help in Developing 403(b) Data Standards

The National Tax Sheltered Accounts Association (NTSAA) is establishing a working group to devise data standards that will enable information about 403(b) plan transactions to be provided to plan sponsors and administrators, as necessitated by recent IRS regulations.

West Virginia Adviser Barred from ERISA Work

An investment adviser from Charleston, West Virginia accused of misusing $600,000 from a 401(k) plan he trusteed has agreed that he will no longer work with Employee Retirement Income Security Act (ERISA) plans.