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Solis Asks Court to Overturn Exelon Excessive Fee Case Decision
Secretary of Labor Hilda L. Solis has filed an amicus brief asking the 7th U.S. Circuit Court of Appeals to overturn a trial court's dismissal of a class...
Islamic Medical Association Creates Multiemployer Plan with BPAS
The Islamic Medical Association of North America (IMANA) and Benefit Plans Administrative Services, Inc. (BPAS) have announced the creation of the IMANA Multiple Employer Retirement Plan Trust.
SEC Announces Distribution of Prudential Market-Timing Settlement
The Securities and Exchange Commission (SEC) has announced a distribution of nearly $185 million to more than 800 mutual funds that were affected by illegal market timing by...
Securities Class Actions on the Rise
The value and number of securities class-action settlements increased in 2009 from 2008, according to "Securities Class Action Settlements: 2009 Review and Analysis," an annual report by Cornerstone...
Industry Groups Ask 2nd Circuit to Uphold Dismissal of Citigroup Stock-Drop Case
The ERISA Industry Committee (ERIC), joined by the American Benefits Council, have filed a friend of the court brief urging the 2nd U.S. Circuit Court of Appeals to...
Small Businesses Still Struggle to Offer Retirement Plans
A study prepared for the U.S. Small Business Administration (SBA) found that nearly 72% of workers in small companies have no retirement plan available.
Survey Finds Fewer Americans Saved for Retirement Last Year
Fewer Americans are saving for retirement and many still aren’t saving at all, according to a survey commissioned by online investing firm Scottrade.
PLANSPONSOR Announces Retirement Plan Adviser and Adviser Team of the Year
Rick Wedge of of Novato, California-based Northgate Benefits, an NRP member firm, has been named the 2010 PLANSPONSOR Retirement Plan Adviser of the Year and The Prince Group in Indianapolis,...
2010 PLANSPONSOR Retirement Plan Adviser of the Year
Rick Wedge, Northgate Benefits, an NRP member firm (Novato, California)
2010 PLANSPONSOR Retirement Plan Adviser Team of the Year
The Prince Group (Indianapolis, Indiana)
The Hartford Expands DCIO Sales Force
The Hartford said it has expanded its team of sales consultants who serve the investment needs of defined contribution plans "as part of a broader strategy to continue...
Fidelity: Cost of Retiree Health Care Jumps Again
Fidelity Investments' annual Retiree Health Care Costs Estimate indicated a 65-year-old couple retiring this year will need $250,000 to pay for medical expenses throughout retirement, not including nursing...
Americans Kept Awake by Finances
A recent study found that many Americans, particularly in some ethnic groups, are kept awake by problems such as financial concerns.
MetLife Offers Form 5500 Services to 403(b)s
MetLife Resources, a division of MetLife, has made available IRS Form 5500 filing services to its 403(b) clients.
Dow Jones Launches Index Tracking United Arab Emirates Securities
Dow Jones Indexes has announced the launch of the Dow Jones UAE 25 Index, which measures the performance of the 25 of the largest and most liquid equity...
Investment Manager Optimism Wanes
Money managers aren't as bullish on the equity markets now as they were at year-end, according to a new survey.
Morningstar Launches Online Investment Document Library
Morningstar, Inc. has launched the Morningstar Document Library, an online repository of documents covering investment products.
Company Stock Procedural Appeal Allowed by Court
A federal judge in Tennessee has allowed First Horizon National Corp. to ask a federal appellate court to resolve a still-murky procedural issue in stock drop cases.
DoL Expands on EFAST2 Info
The U.S. Department of Labor (DoL) has updated its frequently-asked-questions site dealing with EFAST2, the DoL electronic filing system for Form 5500 and related documents.