The Internal Revenue Service (IRS) issued Notice 2007-3 containing the 2006 Cumulative List of Changes in Plan Qualification Requirements for plan administrators to consider when submitting a request for opinion, determination or advisory letters.
The 2006 ShareBuilder Small Business Annual Retirement Trend (SBART) Survey found that 63% of respondents do not offer retirement benefits to their employees and more than half (63%) do not know what a 401(k) plan would cost to administer.
In addition to savings and investment considerations, a new survey suggests that part of a healthy retirement plan will include a consideration of early retirement because not all Americans will be able to work as long as they plan.
Under an agreement with New York State Attorney General Eliot Spitzer, Prudential Insurance Company of America will eliminate the payment of contingent commissions to brokers on group insurance products, including life, disability and long-term care.
A vote by the US Securities and Exchange Commission (SEC) this week is expected to start easing the accounting rules governing how closely small public companies have to gauge the quality of their financial controls.
Pacific West Financial Consultants, Inc., a SEC registered investment advisor with licensed financial advisors throughout the United States, has added MKG Capital Advisors, Ltd. to its offering of investment vehicles for clients throughout the United States.
About seven in 10 advisers surveyed by Fidelity believe their business will be a major beneficiary of the Pension Protection Act (PPA), predicting growth between 10% and 49% over the next three years and expecting the number of their 401(k) plan sponsor clients to nearly triple.
A federal judge in Chicago has certified as a class action a lawsuit against Aon Corp. over allegations 401(k) participants lost ten of millions of dollars when its overvalued company stock price collapsed two years ago.
While the top two income tiers of Americans approaching retirement have comparable assets, those classified in a new study as affluent are still focused on accumulating assets and are more likely to need their money for short-term life events.
JPMorgan Retirement Plan Services has filed a multi-count suit against former vice president of sales Paul Freeman, accusing him of lifting confidential client files when he defected to Fidelity’s retirement services operation last month.
Winklevoss Technologies LLC has released a test version of its product that allows plan sponsors to meet the forecasting and valuations required by the Pension Protection Act and the new pension accounting rules.
FundQuestâ€™s Wealth Architect customers can now access its managed account solution, which will allow the institutions to meet their clients' needs for product diversification, customization and tax management.