In his second attempt to bring suit against a custodian used by a rogue plan administrator, bankruptcy-appointed trustee John C. McLemore is again getting support from the U.S....
The U.S. Department of Labor (DoL) has asked a federal appeals court to overturn a lower court ruling that cleared ING of wrongdoing in a stock-drop lawsuit.
In an Amicus Brief, the U.S. Department of Labor said a court that cleared Home Depot of wrongdoing in a stock drop suit misinterpreted the Employee Retirement Income...
The U.S. Department of Labor is ordering Barstow Truck Parts and Equipment Co. President, James M. Rajacich Sr., to restore $118,249 to the company’s profit-sharing plan.
A new Internal Revenue Service (IRS) procedure (2010-52) details the process by which mutli-employer plans can request a five or 10-year extension of the deadline for amortizing unfunded...
Ex-Lehman Brothers CEO Richard Fuld and other Lehman executives kept their use of Repo 105, a method of financing designed to hide billions of dollars in debt, a...
Reaction from some in the retirement services community to President Obama’s fiscal commission’s final report was harshly negative, warning of dire consequences if the ideas in it are...
Gary L. Merritt, vice president of Bemcore Inc. of Dayton, Ohio, was sentenced by a federal court to five years’ probation and ordered to restore $186,070 to the...
A report by President Obama’s fiscal commission, released today, recommends a higher retirement age and cutting back tax-free treatment of employer-paid health insurance.
A federal court denied a request for a jury trial by former employees of YRC Worldwide who are suing the company for offering company stock as a 401(k)...
A report from Securities and Exchange Commission (SEC) Inspector General David Kotz concludes that in its hurry to bring suit against Bank of America over its Merrill Lynch...
A federal judge in Ohio tossed out a stock-drop suit against Fifth Third Bancorp, claiming it committed a fiduciary breach when company stock was included in its profit-sharing...
The U.S. Department of Labor’s Employee Benefits Security Administration announced that the owner of Philadelphia Pension Planning Corp. has been sentenced for making a false statement in a...