Compliance

Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing...

A New York law firm has filed a lawsuit against Morgan Stanley and its 401(k) plan fiduciaries charging that the fiduciaries improperly allowed participants to continue investing in...

The U.S. Department of Labor (DoL) has proposed a regulation for assessing civil penalties against plan administrators who fail to disclose certain documents to participants, beneficiaries, and others...

The Pension Benefit Guaranty Corporation (PBGC) has published final regulations on premium rates and payment of premiums mandated by provisions of the Deficit Reduction Act of 2005 and...

Senator Tom Harkin (D-Iowa) and Senator Herb Kohl (D-Wisconsin) introduced legislation on Thursday designed to protect American workers by ensuring they can access information on the cost of...

Federal regulators on Wednesday issued the second of a three-part disclosure rule package – proposed mandates for detailed disclosures from service providers to plan fiduciaries.

A New York Congressman has proposed allowing homeowners with resetting adjustable rate mortgages to pull up to $25,000 out of retirement accounts or IRAs to be used to...

A federal judge in New York has rejected claims by investors in nine Salomon Smith Barney mutual funds that the funds’ fees were too high.

A 401(k) participant excessive fee lawsuit against a Connecticut-based manufacturer has been certified as a class action, moving it one step further through the legal process.

Merrill Lynch has again been accused of violating regulatory prohibitions in its consulting practices with government pension plans.

A federal judge in Massachusetts has turned aside Bank of America’s efforts to dismiss some of the allegations in a suit accusing the financial services giant of discriminating...

Federal officials on Monday issued additional guidance on how section 409A nonqualified deferred compensation programs can fix certain types of plan problems.

The National Tax Sheltered Accounts Association (NTSAA) is establishing a working group to devise data standards that will enable information about 403(b) plan transactions to be provided to...

Michigan Governor Jennifer Granholm signed repeal and replacement legislation that would end a new tax on many services, including financial advice.

An investment adviser from Charleston, West Virginia accused of misusing $600,000 from a 401(k) plan he trusteed has agreed that he will no longer work with Employee Retirement...

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...