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November Fund Flows Pegged at $11.3 billion
Stock and bond funds experienced net inflows of $11.3 billion in November, according to the latest fund flow data from the Financial Research Corporation (FRC).
Plowing Out of 2010
From newborns to the elderly, athletes to Navy officers, no one was safe from the Blizzard of 2010. Here are some of the most memorable storm-stories to close...
IRS Releases 2011 Covered Comp Tables
The Internal Revenue Service has issued Revenue Ruling 2011-3 with the table of covered compensation for the 2011 plan year.
Lawyer Entitled to 401(k) Distribution
A lawyer accused of financial wrongdoing should receive a 401(k) distribution of his plan savings from his old law firm, but not the employer’s contributions, a federal judge...
Supermarket Stock Drop Case Remains Alive
A federal judge in Pennsylvania has cleared the way for a 401(k) participant to pursue his claim that plan trustees violated their fiduciary duties.
IRS Corrects Hybrid DB Plan Rule
Federal officials have issued a corrected document on final regulations for hybrid defined benefit plans since a previous version contained errors “that may prove to be misleading and...
Financial Services Takes Lead in Russell 3000 Weighting
The U.S. broad-market Russell 3000 Index began the decade with technology as the most heavily weighted sector, but now the financial sector has emerged as leader.
Wide Support Seen for Later Retirement Age
Seventy-one percent of those participating in a recent poll believe Baby Boomers should be encouraged to work past normal retirement age.
Court Finds Severance Plans Not ERISA Governed
A federal judge in Massachusetts ruled that Alcatel-Lucent USA did not breach its Employee Retirement Income Security Act (ERISA) fiduciary duties through its severance plan disclosures to four...
CAPTRUST Snags Holmes Murphy Adviser Team
CAPTRUST Financial Advisors has announced the acquisition of another adviser team.
401(k) Participant Wins FINRA Arbitration
A 401(k) participant claimed Morgan Stanley caused significant losses to his account after his request to move money out of the stock market was not acted upon.
Web Site Highlights Benefits for Boomers
The National Council on Aging (NCOA) has created the site for people turning 65 years old who want more information about benefits for which they are now eligible.
Stock Compensation Planning in the Aftermath of the Tax Relief Act
Those scrambling to deal with the potential implications of a change in tax rates may find the 2010 Tax Relief Act to be aptly named.
Saving More a Popular 2011 New Year's Resolution
A new Harris Poll finds 22% of those surveyed pledging to save more for retirement,with 40% planning to save more overall in 2011.
There’s No “We” in Investing, Just “I”
Investors do not want to jump to a rational conversation about facts and figures right away; financial advisers need to understand them on an emotional level first.
401(k) Rekon Adds Provider Rewards Program
401(k) Rekon is introducing a rewards program for plan providers who host educational seminars for plan advisers.
Schwab Undergoes Surgery on Christmas Eve
While most of the nation was at home preparing for the holidays, Charles Schwab was in the hospital.
The Most Annoying Word or Phrase Is…
For the second year in a row, the Marist Poll finds that “whatever” is the most annoying word or phrase in conversation.
EBSA Plans Hearing About Fiduciary Definition Change
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a March 2011 hearing on a proposed rule changing the scope of the term “fiduciary.”
MMA Acquires Employee Benefits Firm
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Trion Group Inc.