Compliance

As financial professionals anxiously await the Department of Labor's next version of the fiduciary definition, Bradford Campbell, ERISA attorney and former head of EBSA, offered his insights today during...

Wal-Mart Stores and Merrill Lynch have agreed to pay $13.5 million to settle a class-action lawsuit.

As 30 of their Democratic colleagues did last month, 55 House Republicans sent a letter to Secretary of Labor Hilda Solis, thanking her for retracting the proposed changes...

Representatives from the Internal Revenue Service Employee Plans Examination Program discussed common retirement plan errors on a conference call with the media.

The U.S. Department of Labor has created a hotline for former employees of USProtect Corp. 

During a webcast today, Marcia Wagner discussed ways for advisers to tackle the Department of Labor’s new rules in 2012.  

A court has ruled that a defined contribution plan must repay a former participant funds that were wrongly transferred to an account of his ex-spouse, even though the plan...

The U.S. Department of Labor is suing Worldwide Trade Resources Inc. (WTR) for failing to distribute $2 million held in its 401(k) plan. 

A profit sharing plan administrator is not liable for the unlawful diversion of plan assets by the fiduciary overseeing the plan’s management. 

Over 95% of the 1,200 plan sponsors contacted by the Employee Plans Compliance Unit of the IRS voluntarily completed an online 401(k) Compliance Check Questionnaire.

The Department of Labor will recover more than $7 million for former employees of USProtect Corp., a defunct company that provided security services for federal buildings across the...

Included in a law giving tax credits to companies that hire unemployed veterans, President Obama has repealed a 3% withholding tax for government contractors.

Two former Bank of New York Mellon employees have filed a lawsuit on behalf of participants in BNY Mellon's 401(k) savings plan and Employee Stock Ownership Plan related...

YRC Worldwide Inc. has agreed to pay $6.5 million to settle lawsuits brought by its employees over losses in their retirement accounts from investments in company stock.

EBSA created a new consumer assistance Web page that allows users to submit questions and complaints about health and retirement plans electronically.

The Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended Sept. 30, with 146 of these actions taken against investment...

More than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis, thanking her for withdrawing the proposed rule for the redefinition of “fiduciary.”  

Doing what's best for the public seems to be a common goal shared by Vikram Pandit, CEO of Citigroup, and Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission...

Owners of the New York Mets baseball team agreed in principle to settle a lawsuit by employees who said they lost millions of dollars in retirement money that...

In a long-running legal challenge against Kraft Foods, a federal court has denied class certification to defined contribution plan participants on their remaining claims.