The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants in the Parrot Cellular Employee Stock Ownership Plan (ESOP).
Transamerica Retirement Services launched an asset allocation service designed to make saving for retirement easier for participants in company-sponsored retirement plans.
Vestmark announced the introduction of comprehensive compliance solutions for fee-based accounts within its unified wealth management platform, VestmarkONE.
JPMorgan Chase did not breach its fiduciary duties to a pension plan by investing the plan's assets in Lehman Brothers notes through JPMC's securities lending program.
The U.S. Government Accountability Office (GAO) has concluded that defined contribution retirement plan approaches in other countries may be beneficial to the U.S.
The annual Trustees report on the financial health of Social Security Trust Funds says funds will be exhausted by 2033, three years sooner than projected last year.