The U.S. Department of Labor hopes to have its revisions to the service provider fee disclosure regulations out by May, according to an official from the Employee Benefits Security Administration (EBSA).
A federal judge in Illinois has turned away allegations by 401(k) participants at Kraft Foods Global that recordkeeping fees paid to Hewitt Associates were too high and the company stock fund was improperly unitized.
A federal court judge has given preliminary approval to a partial settlement in a lawsuit accusing Hartford Life Insurance Co. and Neuberger Berman Management of entering into revenue sharing agreements.
The Obama Administration on Monday released retirement
initiatives, including establishing
automatic individual retirement accounts (IRAs), simplifying and expanding the
Saver's Credit, and updating 401(k) regulations to increase transparency.
The head of the Department of Labor's Employee Benefits Security Administration (EBSA) said today that the agency plans to
release its long-awaited regulation dealing with providers’ fee
disclosure under 408(b)(2) in May 2010.
In a new report, the Government Accountability Office (GAO) made
suggestions to the U.S. Department of Labor (DoL) to address plan
sponsor and provider confusion over new reporting requirements for the
Form 5500 Schedule C.