Federal Judge Approves Plan Distribution, Termination
A court ordered that a Dublin, Ohio-based 401(k) plan be distributed to ex-employees.
Compliance
EBSA Delivers Schedule C FAQs
The DoL issued frequently asked questions (FAQs) yesterday to help navigate fee disclosure requirements for 2009.
EBSA Issues Schedule C Fee Disclosure Guidance
Federal regulators released additional guidance about rules for reporting service provider fees and compensation on Schedule C of Form 5500 for plan years beginning on or after January...
NovaStar Faces 401(k) Company Stock Suit
Participants claim NovaStar’s 401(k) plan was imprudently invested because of the company's alleged sub-prime mortgage lending practices.
Federal Appellate Panel Clears Two More Cash Balance Plans
In a continuation of a recent trend of federal courts throwing aside cash balance plan challenges, a federal appellate court has cleared two more sponsors of wrongdoing.
Court Sides with Dell in Company Stock Suit
A district court ruled that the Dell Inc. 401(k) Plan did not violate fiduciary duties by allowing more than half of the assets to be invested in company...
Former UBS Broker Sues Firm
A former UBS broker filed a lawsuit against the firm, alleging it forced him to resign for cooperating with regulators, the Boston Globe reported.
Bill Aims To Protect Senior Investors
The Senate last week introduced a bill to protect seniors from investment fraud.
Smith Barney’s ‘Golden Handcuffs’ Receive Court Approval
The New Jersey Supreme Court approved Smith Barney’s employee stock-purchase compensation plans that carry forfeiture provisions if participants quit before fully vesting.
EBRI Testifies to Congressional Committee about IRAs
The CEO of EBRI testified to the Committee on Ways and Means that IRAs are an important part of the retirement landscape.
UBS Securities Faces Charges of Fraud by Mass. Authority
Massachusetts authorities sued two subsidiaries of Swiss bank UBS AG, alleging they misled investors about the safety of auction-rate securities.
Law Firm Continues Probes of Fiduciary Breaches
The law firm of Stember Feinstein Doyle&Payne, LLC , has turned its watchful eye to possible fiduciary misconduct at Fifth Third.
SEC Proposes Rule to Protect Senior Investors
In an effort to protect seniors from investment fraud, the U.S. Securities and Exchange Commission (SEC) proposed a new rule that would extend its jurisdiction to equity-indexed annuities.
UNUM to Pay $5.5M for Not Disclosing Fees
Employee benefits provider UNUM Group will pay $5.5 million in fines and penalties for violations under ERISA.
Bear Stearns Hedge Fund Managers Arrested for Fraud
Two former Bear Stearns hedge fund managers were arrested Thursday and indicted on conspiracy and fraud counts.