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DC Returns Beat DB Returns Following Recession
Towers Watson published a report analyzing investment rates of returns in defined benefit (DB) and defined contribution (DC) plans before and after the recession.
SPARK Urges EBSA to Step Carefully with Fiduciary Rule
Larry H. Goldbrum, General Counsel of The SPARK Institute, said any changes to the definition of fiduciary should not be overly dramatic changes in policy.
ABC Warns against Too Broad a Definition of Fiduciary
The American Benefits Council (ABC) spoke at the Department of Labor’s (DoL) hearing today about its proposed redefinition of fiduciary.
IRS Defines “Readily Tradable” Employer Securities
The Internal Revenue Service (IRS) issued a notice of guidance regarding employer securities held by certain qualified retirement plans.
ING Facing Revenue Sharing Suit
Healthcare Strategies Inc. is accusing ING Life Insurance and Annuity Company of violating the prohibited transaction rules of the Employee Retirement Income Security Act (ERISA).
ASPPA Requests Audit Relief for 403(b)s
ASPPA and a group of 403(b) plan professionals have renewed their appeal to the government for additional relief for 403(b) sponsors struggling to meet new compliance requirements of...
Groups Offer Fiduciary Change Suggestions
Two trade groups have applauded the U.S. Department of Labor’s proposed redefinition of a fiduciary, but suggested a handful of improvements.
EBSA Regulatory Agenda Focuses on Fees
In a live Web chat discussing the Department of Labor’s Employee Benefits Security Administration’s (EBSA) Semiannual Regulatory Agenda, Assistant Secretary of Labor Phyllis C. Borzi said the Agency will...
IRS Allows for Commingling of Assets in Group Trusts
The Internal Revenue Service has issued Revenue Ruling 2011-01, modifying the rules for group trusts.
403(b) Sponsors Have Room for Improvement
A study by the Profit Sharing/401(k) Council of America found less than half of 403(b) plan sponsors have an investment committee in place, and only 9% monitor if...
AXA Financial CEO to Retire in January
AXA announced that Christopher 'Kip' Condron, President and CEO of AXA Financial, has decided to retire effective January 1, 2011.
IRS Offers Additional 409A Relief
The Internal Revenue Service has issued Notice 2010-80 providing additional relief for nonqualified deferred compensation plans covered under § 409A.
Fiduciary Risk Management Program Comes to Market
Securian Retirement has teamed with 401(k) Advisors to offer a 3(38) investment management fiduciary service.
SPARK Calls for SEC to Rexamine Proposed Rule
The SPARK Institute sent comments to the U.S. Securities and Exchange Commission (SEC) regarding the potential impact on retirement plan intermediaries due to the proposed rule regarding mutual...
Trade Groups Request Guidance on In-Plan Roth Conversions
The Investment Company Institute (ICI) and the American Benefits Council (ABC) have requested immediate guidance on section 2112 of the Small Business Jobs Act of 2010.
IRS Issues Rules on Hybrid Retirement Plans
The Internal Revenue Service issued proposed and final regulations concerning hybrid retirement plans.
PANC 2010: Money Talks
For advisers these days, disclosing fees is more important than what they make or how it is paid.
Paychex Offers Solution for E-Filing Form 5500
Paychex offers clients a solution for electronically reviewing, signing, and transmitting Form 5500 to the U.S. Department of Labor (DoL) through the Paychex Online Retirement Services Web site.
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries...
Charts and Graphs Are Good, but Don’t Change Target-Date Fund Names
Most industry players responding to the Securities and Exchange Commission’s proposed disclosure rules for target-date funds agreed with the idea of using charts and graphs to illustrate glide...