Compliance

Bank of America Corp has formally denied U.S. Securities and Exchange Commission (SEC) claims accusing it of misleading shareholders about bonuses paid to Merrill Lynch & Co employees...

Have a question about electronically filing a Form 5500 report on the Department of Labor (DoL) Web site?

The Internal Revenue Service (IRS) on Thursday provided sponsors with two sample plan amendments to help them implement the one-year waiver of the required minimum distribution (RMD).

Federal securities regulators said they will take the opportunity of pre-trial fact-finding in their existing case against the Bank of America (BofA) to see if any additional charges...

When it comes to employee benefit plans, there’s a new sheriff in town. 

The Department of Labor is killing the final 401(k) investment advice rule under the Pension Protection Act, according to news reports.

A trade group representing retirement services industry providers has recommended the creation of a mandatory standardized 401(k) plan.

The U.S. Department of Labor (DoL) has gone back to federal court asking a judge to force a former health-care firm owner to restore millions of dollars he...

U.S. District Judge Deborah K. Chasanow has sentenced Alan Neal Mates of Weston, Florida, to a year and a day in prison followed by three years of supervised...

A court ruled that Boeing Co. did not violate the Employee Retirement Income Security Act (ERISA) or the Labor Management Relations Act (LMRA) when it presented changes to...

U.S. District Judge Jed Rakoff rejected a settlement between the Securities and Exchange Commission (SEC) and Bank of America (BofA) over bonuses paid by Merrill Lynch, the Associated...

Among its many provisions, the American Recovery and Reinvestment Act (ARRA) included a rule change for Section 529 tax-free college savings plans and prepaid tuition programs to add...

In Notice 2009-75, the Internal Revenue Service provides guidance in the form of a Q&A on the tax treatment of eligible rollover distributions from qualified plans into a...

Bank of America Corp. (BofA) said New York Attorney General Andrew Cuomo wrongfully claimed that the bank is blocking information, according to news reports.

A couple in Charlotte, North Carolina, allegedly bilked $32.5 million by persuading investors to cash out of their retirement funds and invest in fake investments promising huge returns.

New York Attorney General Andrew Cuomo’s office is again requesting information from Bank of America (BofA) as part of an ongoing investigation into its January 1 acquisition of...

Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to...

Federal tax officials have put out a final rule (TD 9459) allowing government plans carrying out 401(a)(9) required minimum distributions to prove their compliance with a reasonable and...

A federal judge has dismissed a lawsuit alleging a New York state teachers group breached its fiduciary duty by paying “kickbacks” to ING Life Insurance and Annuity Co.

House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.