The state of Oregon has sued OppenheimerFunds Inc., charging the fund manager with understating the risk it took with a bond fund in Oregon's state college-savings plan.
The average fees and expenses that investors paid on mutual funds fell in 2008 to their lowest levels in more than 25 years, according to the Investment Company...
Goldman Sachs Asset Management has raised $5.5 billion from investors to start a fifth fund dedicated to buying private equity investments on the secondary market.
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)...
A Hewitt Associates study found plan sponsors could save as much as $25 million by cutting the 401(k) match, but it could also hurt participants' savings.
Data from MassMutual's Retirement Services Division suggests that, although economic pressure continues to affect overall participant balances and savings activity, younger retirement plan participants (under age 30) are...
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...
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.
Although most starting salary offers to the college Class of 2009 have decreased slightly from those offers extended to the Class of 2008, business disciplines have seen increases...