Compliance

The Department of Labor’s Employee Benefit Security Administration is issuing a proposed rule that would supersede the existing procedure governing the filing and processing of applications for administrative...

The United States has asked a federal court to permanently bar a California man from promoting alleged sham pension-plan and welfare-benefit-plan tax fraud schemes.

A federal judge in North Carolina has moved forward a claim that Bank of America (BoA) unlawfully eliminated, or cutback, the separate account benefit afforded by 401(k) plans...

The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) has released the agenda for the upcoming joint hearing with the Department of the Treasury on lifetime...

Did 403(b) plan sponsors get it right?  

Most industry players responding to the Securities and Exchange Commission’s proposed disclosure rules for target-date funds agreed with the idea of using charts and graphs to illustrate glide...

Three U.S. Senators, in a letter responding to Securities and Exchange Commission-proposed disclosure rules for target-date funds, recommended the agency expand on its proposals.

The SPARK Institute has released for public comment draft Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.

Holzer Holzer & Fistel, LLC is investigating potential violations of the Employee Retirement Income Security Act (ERISA) by GlaxoSmithKline plc. 

In the first such action of its kind, the U.S. Securities and Exchange Commission (SEC) charged the state of New Jersey with securities fraud for not properly disclosing...

The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch $500,000 for failing to provide sales charge discounts to customers of eligible purchases of Unit Investment Trusts (UITs).

A federal judge has thrown out a lawsuit accusing Raymond James of misleading investors and reserving too little for loan losses.  

New Federal Reserve regulations exempting most plan loans from federal Truth in Lending Act (TILA) disclosure requirements became effective in July. 

Beginning with returns for the 2009 plan year, the Schedule SSA has been eliminated as a schedule of the Form 5500 annual return/report and is replaced with Form...

The Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and North American Securities Administrators Association (NASAA) have outlined practices used by financial services firms to strengthen...

A stock drop lawsuit has been dismissed, according to plaintiffs’ attorneys. 

A federal judge has given final approval to a $16.5-million settlement of an excessive 401(k) fee suit against Caterpillar, Inc.