Compliance

As responses to a request for public comment on use of lifetime income solutions in retirement plans continue to be submitted, a trade group has weighed in with...

The 2010 ERISA Advisory Council will study whether the audit requirement and financial reporting model contained in the Employee Retirement Income Security Act (ERISA) §§ 103 and 104...

The House GOP Savings Recovery Solutions Group wrote to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner to oppose proposals that would affect private-sector defined contribution retirement...

The ERISA Industry Committee (ERIC) urged the U.S. Department of Labor (DoL) against requiring sponsors to feature annuities as distribution options and toward providing a genuine safe harbor...

In comments to the Department of Labor (DoL), TIAA-CREF announced its support for giving workers access to annuities in retirement plans.

A federal court has dismissed charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement savings plan to pay excessive fees.

Aon Corp. has agreed to pay $1.8 million to settle a lawsuit alleging 401(k) participants lost tens of millions of dollars when Aon’s overvalued company stock price collapsed...

The U.S. Department of Labor (DoL) has announced plans to change a 2007 mandate requiring that employers give participants more target-date fund information.

The U.S. District Court for the Western District of Missouri has approved a $925,000 settlement of a lawsuit claiming NovaStar Financial continued to offer company stock in its...

A pair of litigators has teamed up to bring an ERISA class action suit against the Publishing House of the Evangelical Lutheran Church in America.

Even with clarity from FINRA, broker/dealers have yet to christen social networking.

Charles Schwab Corporation has agreed to pay $200 million to settle federal securities law claims in a civil class-action lawsuit related to the Schwab YieldPlus Fund.

A federal judge in New York has tossed out a stock drop lawsuit against Wyeth Corp., ruling that the company was entitled to a presumption its decision to...

The Metropolitan Life Insurance Company (MetLife) will pay $13.5 million to the federal government to settle charges it made improper payments to a San Diego-based insurance broker.

Beverly Enterprises has agreed to settle for $6.25 million claims that it caused its 401(k) plan to incur excessive fees.

A federal judge in Georgia has thrown out claims by 401(k) participants that Beazer Homes USA breached its fiduciary duties by offering company stock as an investment option...

A former Comcast Corp. employee is qualified to serve as a class representative in a stock-drop lawsuit against Comcast Corp., a federal judge in Pennsylvania ruled as he...

A federal court judge has certified as a class action a lawsuit against Wells Fargo over offering mutual funds from one of its affiliates as 401(k) plan investments.

A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America...

Securities litigation declined significantly in 2009 compared with 2008, according to a study by accounting firm and consultant PricewaterhouseCoopers.