The U.S. Department of Labor has sued an Alabama medical office and the physician who owns it for using profit sharing plan assets to fund the business.
A New York district court has ruled that Lehman Brothers did not violate its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by continuing to offer...
The Internal Revenue Service released Revenue Procedure 2011-49, on new requirements for sponsors of pre-approved plans seeking opinion and advisory letters that...
The U.S. Department of Labor has filed a complaint in federal court against A.B.D. Tank & Pump Co. and Keith Davis, its president and owner, to restore more...
ASPPA is urging the Department of Labor to modify its Voluntary Fiduciary Correction Program, as it applies to late deposits of elective deferrals under ERISA.
Members of Ameriprise Financial Inc.’s 401(k) plan filed a proposed class action on Wednesday claiming they lost $20 million in investments, according to published reports.
A federal appellate court has determined that employer Houston Poly Bag I, Ltd., failed to act in a participant’s best interest by withholding profit sharing plan documents and...
A federal court has dismissed claims that trustees and directors of Orion Bancorp’s Employee Stock Ownership Plan (ESOP) breached their fiduciary duties under the ERISA by continuing to...
A federal court has dismissed all charges against Bank of America for allegedly breaching its Employee Retirement Income Security Act (ERISA) fiduciary duties by using proprietary funds in...
Attendees at the PLANADVISER National Conference benefited from the presence of Michael L. Davis, Deputy Assistant Secretary, U.S. Department of Labor, discussing the status of retirement plan...
The Internal Revenue Service (IRS) has issued Revenue Procedure 2011-44, which modifies the procedures for church plans that are filing a request for a determination letter.
The U.S. Department of Labor has released the Form 5500 Version Selection Tool to help plan sponsors determine which version of the form to use and which schedule...
Industry professionals, associations, and lawmakers are applauding the Labor Department’s decision to reevaluate its proposed changes to the definition of a fiduciary.