Compliance

The Internal Revenue Service has issued Notice 2007-94 describing the 2007 Cumulative List of changes for plan qualification requirements.

The Financial Industry Regulatory Authority (FINRA) has sanctioned Rafferty Capital Markets, LLC, of Garden City, New York, for facilitating improper market-timing practices and for failing to have an...

A federal judge in Massachusetts has thrown out civil fraud charges against three ex-executives of Putnam Fiduciary Trust Company (PFTC), but refused to dismiss charges against three others.

The IRS has issued model plan language that may be used by public schools either to adopt a written plan to reflect the requirements of § 403(b) or...

A case before the Supreme Court questions whether fees for investment advice incurred by a trust are deductible under an Internal Revenue Code provision governing costs paid in...

U.S. Supreme Court justices heard oral arguments Monday in a case that could help define the scope of participant fiduciary breach lawsuits.

A federal judge in New York has ordered Citigroup to increase the payment credits in its cash balance plan to comply with minimum accrual rules.

Those looking for some insights on the Pension Protection Act can now get some straight from the 'horse’s mouth.'

The Internal Revenue Service has issued Revenue Ruling 2007-71, providing the table of covered compensation for the 2008 year for use in determining contributions to defined benefit plans...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has proposed an amendment to an existing class exemption stipulating what categories of assets plans can accept to...

A lawsuit filed against Morgan Stanley claims that, although the Securities and Exchange Commission (SEC) barred an adviser from trading over-the-counter securities in the 1980s, Morgan Stanley's predecessor...

The Securities and Exchange Commission (SEC) is trying to decide if it can – or should - help investors be more aware of business ties with terrorists.

The IRS has posted a sample notice to be used to notify participants about their rights and obligations under automatic enrollment and automatic contribution arrangements.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service, and the Pension Benefit Guaranty Corp. (PBGC) announced the publication of revisions to the...

Federal securities regulators have given preliminary approval to a plan that will make prospectuses easier to understand and general improve mutual fund disclosures.

The Principal Financial Group has come to terms with the state of Connecticut in connection with the sale of certain Single Premium Group Annuity and Single Premium Guaranteed...

Although the final Qualified Default Investment Alternatives (QDIAs) regulations answered many questions posed by commenters after the proposed regulations were issued, more questions are emerging concerning implementation of...

The law firm of Milberg Weiss LLP is investigating possible Employee Retirement Income Security Act (ERISA) violations by fiduciaries to The First American Corporation 401(k) Savings Plan.

The Internal Revenue Service (IRS) has put out a reminder that low- and moderate-income workers may be eligible for the saver’s credit for their contributions to an IRA...

The nation’s regulatory and legislative bodies continue to be a beehive of retirement plan-related activity, which is expected to continue through the 2008 presidential election cycle and into...