U.S. District Judge Deborah K. Chasanow has sentenced Alan Neal Mates of Weston, Florida, to a year and a day in prison followed by three years of supervised release for conspiracy to commit money laundering.
Tag: Defined contribution
Northern Trust announced that Anthony Wilkins has been named global head of Defined Contribution Sales and Service for its asset management arm, Northern Trust Global Investments (NTGI).
PAi debuted EZ-Illustrator, a tool designed to help financial advisers determine whether their clients are a good match for a comparability profit-sharing plan.
Federal tax officials have put out a final rule (TD 9459) allowing government plans carrying out 401(a)(9) required minimum distributions to prove their compliance with a reasonable and good faith standard.
After six consecutive quarters of losses, the Callan DC Index posted a gain of 12.26% in the second quarter of 2009.
House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.
PenChecks is offering a new service to help sponsors carry out mandatory distributions into an IRA.
The majority (54%) of surveyed employees reported satisfaction with their company’s retirement program.
A federal judge in Los Angeles has preliminarily approved a $55-million settlement between Bank of America (BofA) and former employees of Countrywide Financial Corp.
Large U.S. companies have made changes to the investment lineups of their defined contribution (DC) plans, according to Watson Wyatt.
Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.
10 Things You’re (Probably) Doing Wrong—or Not Doing Right—as a Plan Fiduciary (continued).
The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to pay the operating expenses of the company.
The number of employers planning to reinstate a matching contribution to 401(k) plans has increased in the past two months, according to the latest research from Watson Wyatt.
Americans held $13.4 trillion in retirement assets at the end of the first quarter of 2009, accounting for 33% of all household financial assets in the United States, according to the Investment Company Institute (ICI).
Median asset levels in defined contribution and IRA/Keogh plans dropped at least 15% from year-end 2007 to mid-June 2009, according to the Employee Benefit Research Institute (EBRI).
Two-thirds (67%) of private industry workers had access to retirement benefits in 2008, according to data from the Department of Labor's Bureau of Labor Statistics (BLS).
Former Putnam Investment Management Chairman Charles E. Haldeman has been named CEO for housing lender Freddie Mac.
After 25 years with Nationwide Financial, William S. Jackson, senior vice president for Retirement Plans, will retire at year-end.