The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for seven plans covering almost 2,360 workers and retirees of the Chicago Sun-Times.
A New Mexico judge has approved an unusual plea deal in a securities fraud case allowing a former Albuquerque stock broker accused of fleecing clients in order to...
Admitting it was creating “tension” with the plan documents rule in federal benefits law, a federal appellate court has allowed an employer to correct a drafting error that...
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a free New York City workshop on September 1 about its Voluntary Fiduciary Correction Program (VFCP)....
U.S. Senator Jeff Bingaman (D-New Mexico) has introduced legislation that, when fully phased in, would give nearly 42 million Americans an “easy, effective way to take responsibility...
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Department of the Treasury have announced a joint public hearing on issues relating to lifetime...
The Social Security Board of Trustees reported Thursday that the long-range outlook of the Social Security Trust funds remains unchanged from last year’s projections.
While a proposed Securities and Exchange Commission (SEC) rule on 12b-1 sales charges will mean financial advisers would lose about $1.5 billion in fees in seven years, that...
Paychex Inc. may have influenced a 401(k) plan’s investment lineup, but did not make the ultimate decision about which fund options to offer participants, a federal judge has...
The Connecticut Supreme Court has blocked a move by state Attorney General Richard Blumenthal to publicize confidential subpoenaed business documents from a Florida insurance brokerage.
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has launched an online index for locating individual exemptions granted under the Employee Retirement Income Security Act (ERISA). ...
The Internal Revenue Service (IRS) said it will be issuing detailed guidance about the special funding rules for single-employer defined benefit plans in the recent Pension Relief Act...
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is taking its “Getting It Right – Know Your Fiduciary Responsibilities” seminar to Philadelphia.
An employer’s cash balance plan did not cut older employees’ accrual rate because of age so it did not violate the Age Discrimination in Employment Act (ADEA), a...