Compliance

Doing what's best for the public seems to be a common goal shared by Vikram Pandit, CEO of Citigroup, and Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission...

Owners of the New York Mets baseball team agreed in principle to settle a lawsuit by employees who said they lost millions of dollars in retirement money that...

In a long-running legal challenge against Kraft Foods, a federal court has denied class certification to defined contribution plan participants on their remaining claims.

The Employee Benefits Security Administration (EBSA) published a final rule updating the procedures for filing and processing applications for prohibited transaction exemptions under the Employee Retirement Income Security...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA)  has released a Securities and Exchange Commission letter regarding EBSA’s participant-level fee disclosure regulation.

AT&T has agreed to cease discriminatory policies to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), regarding employees who took an early...

The House of Representatives passed a bill to repeal a measure that would have required federal, state and local governments to withhold 3% of payments to government contractors,...

Rajat K. Gupta has been accused of leaking confidential information while serving as a director at Goldman Sachs Group Inc. and Procter & Gamble Co.

The U.S. District Court for the Eastern District of Pennsylvania has found that two doctors who voluntarily terminated their employment from a hospital are not eligible for benefits...

The U. S. District Court for the Western District of North Carolina has approved a $12.35 million settlement in an ERISA fiduciary breach case against Wachovia.

A California court denied a participant’s claim that a state law allows for him to receive shares of a company's non-operational employee stock ownership plan (ESOP), on grounds...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued a final regulation regarding a new prohibited transaction exemption.

The Internal Revenue Service (IRS) has issued a notice to provide guidance on fee requirements for employee plans determination in the Internal Revenue Code. 

For the 2012 tax year,  personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service (IRS) reports. 

The Internal Revenue Service (IRS) announced cost of living adjustments (COLAs) affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012.

The U.S. Department of Labor (DoL) obtained a default judgment from the federal district court in Minneapolis allowing it to distribute $1.35 million from the defunct Northland...

The 2nd U.S. Circuit Court of Appeals has found that Citigroup fiduciaries did not abuse their discretion in continuing to offer company stock as an investment in its...

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase 3.6% in 2012, the Social Security Administration announced.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has issued a list of frequently asked questions regarding Multiemployer Plans.

The Treasury Department and the IRS intend to postpone the effective/applicability date regarding special rules for statutory hybrid plans, relating to interest crediting rates under a cash balance...