Compliance

As published by the Internal Revenue Service:

Two Congressional lawmakers have formally called on the Treasury Department to suspend the tax penalty for taxpayers who do not take the minimum required distribution from their 401(k)s.

The Financial Industry Regulatory Authority (FINRA) fined SunTrust Investment Services, Inc., $700,000 for violations relating to its fee-based brokerage business and excessive commissions.

Retirees feeling hemmed in by minimum distribution requirements got some support from the two leading presidential candidates.

The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) scheduled an October 21 public hearing on its proposed regulation for providing retirement plan investment advice.

The U.S. Department of Labor sued the now-defunct People Unlimited Consulting Inc. and two of its executives for violating the Employee Retirement Income Security Act (ERISA).

While participants (and their plan sponsors and advisers) nervously contemplated the impact of the market tumult on their retirement savings, Congress held a hearing on the subject.

U.S. Supreme Court justices turned aside a request to rule whether cash balance plans are age biased as the high court refused to review a 6th U.S. Circuit...

The U.S. Department of Labor (DoL) announced final rules under the Pension Protection Act of 2006 (PPA) relating to distribution of 401(k) benefits for missing nonspouse beneficiaries in...

Plaintiffs in a January 2005 stock-drop and excessive fee case have won two legal skirmishes with a federal judge’s rulings certifying the case as a class action and...

A federal judge in New Jersey said a participant lawsuit against Schering-Plough Corp. over employee company stock investments can be pursued as a class action.

The owner of a Columbus, Ohio, company has pleaded guilty to not filing financial reports for the company's 401(k) plan as required by the Employee Retirement Income Security...

A federal judge in Illinois sanctioned an excessive 401(k) fee lawsuit against Boeing Co. as a class action.

The board managing York County, Pennsylvania’s employee retirement plan is trying to stop the $50 billion sale of Merrill Lynch to Bank of America.

A federal judge cleared the way for participants in Caterpillar’s 401(k) plan to pursue their fiduciary breach claims, but only on issues other than allegations of inadequate revenue-sharing...

The Financial Planning Association released a Standard of Care, which clarifies the role of a fiduciary adviser in financial planning situations.

The Internal Revenue Service (IRS) decided to extend its temporary halt on rulings and determination letters regarding the tax consequences of nonqualified deferred compensation arrangements described in §409A...

A federal judge in Massachusetts cleared the way for a participant invested in a company stock fund to pursue a fiduciary breach suit.

Broker/dealer Ameriprise Financial Services Inc. is suing mutual fund manager the Reserve Fund.

A law firm is investigating whether Constellation Energy Group released inaccurate statements about its financial health, which inflated its stock share value.