ERISA Lawsuits on the Rise
According to a new analysis, lawsuits related to the Employee Retirement Income Security Act (ERISA) are increasing in number and complexity in terms of combinations of allegations.
Compliance
Wacky Tax Deductions
If you think you've seen them all, check out these creative tax deductions.
IRS Releases Proposed 403(b) Prototype Document Program
The Internal Revenue Service (IRS) used PLANSPONSOR's 403(b) Summit to unveil the next step in the tax agency’s efforts to move 403(b) plans closer to their 401(k) cousins.
IRS Publishes Sample 403(b) Prototype Document Language
The Internal Revenue Service has published some sample prototype 403(b) language – and wants to know what you think.
Ameriprise Fund Fee Challenge Sent Back to Lower Court
A federal appellate court has thrown out a lower court decision in favor of Ameriprise Financial in a dispute over whether its fund fee structure violated Section 36(b)...
DoL Subpoenas Tribune on ESOP
The U.S. Department of Labor has subpoenaed Tribune Co. in an investigation connected to the media company's employee stock-ownership plan (ESOP).
Doctor Liable for Investment Manager 401(k) Plan Theft
A Fairfield, Connecticut, podiatrist has been ordered to restore assets to his firm’s 401(k) plan that were stolen by an investment management firm and to pay a civil...
President of Defunct Firm Accused of Stealing 401(k) Deferrals
The top official of a Horsham, Pennsylvania-based medical management consulting firm has been indicted in federal court on charges that he stole employees' retirement contributions.
State Street Must Answer to Nuns
Already facing a number of lawsuits over subprime mortgage investments, State Street Corp. now has to face an order of nuns in court.
Slimmed-Down Revenue-Sharing Case Gets Class OK
A federal judge in Illinois has ruled that employees challenging the fee levels in Lockheed Martin’s 401(k) plans can proceed as a class action.
Newkirk Wins Patent Infringement Claim
A Boston federal court jury turned aside NewRiver’s patent infringement lawsuit against Newkirk.
Andrews: Dumping the 401(k) Would be a “Mistake″
A leading Congressman on pension issues said today that it would be a “mistake″ to do away with the defined contribution system.
Is the 401(k) Ready for Change?
The 401(k) may be “down,″ but the reports of its death are as “exaggerated″ as Mark Twain’s death once was, according to a recent presentation.
Merrill Lynch Settles Company Stock Lawsuit
A federal judge has given preliminary approval to a proposed $75 million deal to settle claims Merrill Lynch violated its fiduciary responsibilities by keeping company stock in its...
Congressman Asks SEC to Investigate BofA Bonuses
Congressman Dennis Kucinich (D-Ohio) on Monday urged the U.S. Securities and Exchange Commission (SEC) to determine if Merrill Lynch bonuses violated securities laws, according to a news report.