Reserve Management Could Face SEC Charges
Reserve Management might be facing enforcement action from the Securities and Exchange Commission (SEC) in connection with the failure of the firm's mutual fund.
Compliance
Federal Judge Allows Ford ESOP Suit to Move Forward
The U.S. District Court for the Eastern District of Michigan has denied a motion to dismiss a case brought by participants of Ford Motor Co.’s employee stock ownership...
House Members Demand 2008 RMD Relief from Bush
A bill signed into law by the president only provides relief from the mandatory distribution regulations for 2009.
IRS Permits More Frequent Investment Changes for 529 Plans
The Internal Revenue Service (IRS) will allow investments in a Section 529 program to be changed on a more frequent basis in 2009.
Bush Signs RMD, Pension Relief into Law
President George W. Bush on Tuesday signed into law a broad pension relief bill that includes a one-year moratorium on required minimum distribution (RMD) rules.
RMDs Still Required in 2008
In a letter to a top Congressional lawmaker this week, the Treasury Department said it will not suspend the required minimum distribution (RMD) requirement for 2008.
Minneapolis Profit-Sharing Plan Also Victim of Ponzi Scheme
The list of retirement plan victims of a huge Ponzi scheme authorities claim was run by Bernard Madoff continues to grow.
401(k) Plan Invested with Madoff
The wealthy and large institutional investors were not the only victims of the $50-billion Ponzi scheme orchestrated by Wall Street trader Bernard Madoff.
Experts Stress Benefits of 403(b) Information-Sharing Best Practices
Due to new 403(b) regulations, plan sponsors and their advisers have faced the task of deciding on procedures for information-sharing to and from plan vendors.
Obama Gives Labor Nod to Solis
President-elect Barack Obama is expected to tap U.S. Representative Hilda Solis (D-California) as the next Secretary of Labor, according to widespread media reports Thursday.
EBSA FY 2008 Enforcement Reaps $1.2B, 101 Indictments
The U.S. Department of Labor Employee Benefits Security Administration (EBSA) recognized $1.2 billion in monetary results and helped spark 101 criminal indictments in fiscal year 2008, the agency...
White House Confirms Bush to Sign RMD Relief
President George Bush will sign into law a bill suspending a requirement that seniors take a required minimum distribution (RMD) from retirement accounts in 2009, the White House...
Reports Say Obama to Tap Schapiro to Head SEC
President-elect Barack Obama has reportedly chosen Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), to chair the Securities and Exchange Commission.
The Plot to Kill the 401(k)
PLANADVISER and sister publication PLANSPONSOR Editor-in-Chief Nevin Adams was interviewed on Fox Business this past Monday.