Compliance

New guidance issued by the Treasury Department and the Internal Revenue Service (IRS) provides that cash balance conversions that have filed for an IRS determination letter and occur...

The U.S. Bankruptcy Court for the Southern District of Ohio has ruled the interests of seven debtors in Employee Retirement Income Security Act (ERISA) Section 403(b) plans did...

The Securities and Exchange Commission (SEC) has fined Heartland Advisors Inc. $3.9 million for mispricing two municipal bond funds.

American International Group, Inc. (AIG) has reached settlements with nine states and the District of Columbia relating to industry-wide investigations into producer compensation and insurance placement practices.

As the U.S. Supreme Court ponders whether a 401(k) participant can pursue a fiduciary breach suit on behalf of himself rather than on behalf of the plan, a...

Accusations of mismanagement have been leveled against Merrill Lynch by government clients in a second state, the Wall Street Journal reported.

A federal judge in Indiana is allowing a Merrillville, Indiana law firm to continue with its lawsuit against its 401(k) investment managers and recordkeeper over the amount of...

After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge...

The Internal Revenue Service (IRS) announced that a new version of Form 4461-A, “Application for Approval of Master or Prototype or Volume Submitter Defined Benefit Plan,″ has been...

The U.S. Supreme Court has ruled that defrauded shareholders should not necessarily be allowed to sue advisers, lawyers, accountants, and vendors that serve the company that committed the...

A former AXA Equitable Life Insurance investment adviser has pled guilty to stealing $1.7 million from Colorado public school teachers.

Internal Revenue Bulletin 2008-1 provides updates and restatements of eight IRS revenue procedures that govern letter rulings, information letters, determination letters, and other guidance regarding employee plans.

In an effort to enact Pension Protection Act (PPA)-mandated changes, the Internal Revenue Service (IRS) has put out a proposed regulation generally barring restrictions on publicly-traded employer stock...

The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued an advisory opinion about plan fiduciaries using plan assets to further policy or political issues through proxy...

President Bush signed legislation on Monday that makes it easier for mutual funds and private pension funds to sell their investments in companies doing business with Sudan.

Bradford P. Campbell, assistant secretary of labor for the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), on Monday announced that the agency achieved monetary results of...

However you feel about taxes and the Internal Revenue Service, odds are you’ve at least been tempted to find ways to pay less than the IRS seems to...

The Internal Revenue Service has updated its regulations on the tax treatment of cash balance plans to include changes made by the Pension Protection Act (PPA).

U.S. lawyers are on track to bring about 58% more shareholder class action cases this year, Reuters reports.

The latest ERISA litigation firm to probe the company stock investment in the Morgan Stanley 401(k) Plan and the Morgan Stanley Employee Stock Ownership Plan is Milberg Weiss...