Compliance

While there are many legislative and regulatory proposals that could affect retirement plans, the financial reform bill and fee disclosure regulations are two actions to watch for next.

Georgia Governor Sonny Perdue has signed a bill that eliminates taxes on retirement income for senior citizens.

Two federal lawmakers have introduced a bill they say would boost employee-owned businesses through tax law changes.

The Employee Benefits Security Administration (EBSA) has announced that the EFAST2 electronic filing system for Forms 5500 and 5500-SF employee benefit plan annual reports has a new e-signature...

Nationwide Financial is hosting a conference call Monday to help retirement plan advisers get ahead of upcoming retirement plan regulation and legislative changes, such as fee disclosure.

 Ivy Asset Management, a unit of Bank of New York Mellon, is facing a lawsuit by New York Attorney General Andrew Cuomo related to the Bernard L. Madoff...

A federal judge in North Dakota has granted class-action status to plaintiffs in a company stock lawsuit against Tharaldson Motels Inc. (TMI), but split the plaintiffs into current...

BlackRock Inc. and the largest U.S. business lobby groups are fighting to strike a provision in the financial regulations overhaul legislation that they say could harm millions of...

Secretary of Labor Hilda L. Solis filed an amicus curiae brief with the 4th U.S. Circuit Court of Appeals supporting the remedy of awarding plan participants a “surcharge”...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the U.S. Securities and Exchange Commission (SEC) have published what was termed “guidance to help...

Charles Schwab has agreed to pay $35 million to settle a California state court suit over the Schwab YieldPlus Fund.

A court cleared Baxter International of wrongdoing in connection with a 401(k) stock-drop lawsuit.

Secretary of Labor Hilda L. Solis has warned a federal appellate court that protections for plan participants could be harmed if it does not overturn a lower court...

The ERISA Industry Committee (ERIC), in coordination with the U.S. Chamber of Commerce (the Chamber) and the Profit Sharing/401k Council of America (PSCA), submitted comments to the Department...

Research has illustrated that women and minorities lag in retirement savings—and now the government is looking into what, if anything, should be done about it.

In comments to the U.S. Department of Labor (DoL) regarding its proposed investment advice rule, the American Society of Pension Professionals & Actuaries (ASPPA) has argued that regulators...

Anthony A. James has been convicted of seven counts of mail fraud, six counts of wire fraud, and one count of embezzlement from an employee benefit plan.

Following the deadline for responses to the Department of Labor and Treasury Department’s request for information about lifetime income options in retirement plans, the Government Accountability Office (GAO)...

ING said it broadly supports investing in guaranteed lifetime income options within a retirement plan and strongly encourages employers to add this type of feature to their plans.

Nationwide Financial Services, Inc., has introduced 401KIncome, a public policy proposal that it said “provides incentives for the funding of guaranteed retirement income while strengthening the current employer-sponsored...