Compliance

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...

While the Securities and Exchange Commission (SEC) is actively considering changes to Rule 12b-1, most of the comments on the subject appear to be opposed to change.

A participant in the Wells Fargo&Company 401(k) Plan has sued the financial services company and a number of its executives over allegations the plan improperly did million of...

A U.S. hedge fund run by a former UBS AG broker is facing fraud claims in an arbitration complaint filed by investors.

The Treasury Department and the Internal Revenue Service (IRS) issued proposed regulations implementing new rules that facilitate the adoption of automatic contribution arrangements in 401(k), 403(b), and 457...

Citigroup, which suffered a recent management shakeup over its subprime mortgage crisis fallout, has been charged with imprudently allowing 401(k) company stock investments despite “serious mismanagement.″

The recent turbulence at Merrill Lynch, including the negative outcomes on the financial giant’s stock price, has already drawn the scrutiny of ERISA litigators.

Another pension fund has filed suit against State Street for “investing purportedly conservative, risk-averse bond funds in high risk mortgage backed securities and exotic financial instruments.″

I was having coffee with a buddy of mine a couple of weeks back, and before long the discussion turned to music; specifically the new Bruce Springsteen CD.

Two more lawsuits have been filed against State Street Corp. over its now controversial stewardship of fixed income funds marketed as following conservative trading strategies, but which faced...

Merrill Lynch is under scrutiny from the Securities and Exchange Commission (SEC) for allegations that its Florida consulting operation charged hidden fees and engaged in conflicts of interest,...

The House Committee on Ways and Means held a hearing October 30 to determine whether workers’ retirement savings are being eroded by excessive and unnecessary administrative and investment...

The U.S. House Ways and Means Committee has put a five-question survey on its Web site to garner public opinion about how participants use the fee information provided...

With an extended time to prepare, the final kick-in date for the anti-market timing rule 22c-2 came and went earlier this month with little industry fanfare.

Merrill Lynch&Co Inc. has sued an unnamed defendant it alleges impersonated a bank manager and then sent racially denigrating e-mails to civil rights leader Al Sharpton and several...

Citigroup has been hit with a lawsuit alleging the financial services giant committed a variety of fiduciary breaches in improperly having its 401(k) plan do business with its...

It may have lacked the hoopla of a midnight Harry Potter release, but in retirement industry circles, last week’s publication of the Department of Labor’s final regulations on...

A federal judge has refused to reconsider his earlier ruling that Deere&Co. was not obligated to disclose the revenue sharing arrangements in its 401(k) plan, clearing the company...

U.S. Representative Charles Rangel (D-New York) has unveiled a bill requiring the recognition of ordinary income on the exercise of stock options in an S corporation with an...