Compliance

The U.S. Department of Labor (DoL) announced final rules under the Pension Protection Act of 2006 (PPA) relating to distribution of 401(k) benefits for missing nonspouse beneficiaries in...

Plaintiffs in a January 2005 stock-drop and excessive fee case have won two legal skirmishes with a federal judge’s rulings certifying the case as a class action and...

A federal judge in New Jersey said a participant lawsuit against Schering-Plough Corp. over employee company stock investments can be pursued as a class action.

The owner of a Columbus, Ohio, company has pleaded guilty to not filing financial reports for the company's 401(k) plan as required by the Employee Retirement Income Security...

A federal judge in Illinois sanctioned an excessive 401(k) fee lawsuit against Boeing Co. as a class action.

The board managing York County, Pennsylvania’s employee retirement plan is trying to stop the $50 billion sale of Merrill Lynch to Bank of America.

A federal judge cleared the way for participants in Caterpillar’s 401(k) plan to pursue their fiduciary breach claims, but only on issues other than allegations of inadequate revenue-sharing...

The Financial Planning Association released a Standard of Care, which clarifies the role of a fiduciary adviser in financial planning situations.

The Internal Revenue Service (IRS) decided to extend its temporary halt on rulings and determination letters regarding the tax consequences of nonqualified deferred compensation arrangements described in §409A...

A federal judge in Massachusetts cleared the way for a participant invested in a company stock fund to pursue a fiduciary breach suit.

Broker/dealer Ameriprise Financial Services Inc. is suing mutual fund manager the Reserve Fund.

A law firm is investigating whether Constellation Energy Group released inaccurate statements about its financial health, which inflated its stock share value.

More details emerged Monday about the federal government’s plan to shore up U.S. money market funds so they can maintain their traditional $1 per share net asset value.

Another court ruled that participants who have cashed our of their defined contribution plan can still pursue fiduciary breach lawsuits.

In an effort to boost investor confidence in the face of a market crisis, federal securities regulators took the dramatic step Friday of temporarily haulting short-selling in nearly...

A federal regulator on Wednesday urged U.S. Senate lawmakers not to interfere with the U.S. Department of Labor’s (DoL) regulatory scheme for retirement plan fees through additional legislation.

The Internal Revenue Service (IRS) on Wednesday announced it had decided to relax previously announced restrictions on how the agency would issue opinion and advisory letters for pre-approved...

A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its individual retirement account (IRA) rules so more people can take advantage of the tax-sheltered savings...

The New York state attorney general’s office is close to reaching a settlement with brokerage firm Fidelity Investments over its marketing of auction-rate securities (ARS), The New York...

A Pittsburgh law firm is investigating stock drop concerns at a 401(k) plan sponsored by Morgan Keegan, a Memphis-based investment bank.