Compliance

A lawsuit by former 401(k) participants against the Principal Financial Group over allegations that the company duped participants into IRA rollovers into Principal’s proprietary mutual funds appears poised...

A bill backed by a powerful Connecticut state lawmaker that would create a state-sponsored defined contribution retirement plan for employers with fewer than 100 workers has passed the...

The Financial Industry Regulatory Authority (FINRA) has proposed rule amendments that would require registered firms to report allegations of sales practice violations against an individual broker made in...

The Financial Industry Regulatory Authority (FINRA) has launched two online resources to help companies and their older workers protect themselves from early retirement scams.

A Missouri Wal-Mart employee and participant in the company’s 401(k) plan has filed an excessive fee lawsuit against the giant retailer.

Last week, the House Committee on Education and Labor passed the 401(k) Fair Disclosure for Retirement Security Act (H.R. 3185).

The law firm of Stember Feinstein Doyle&Payne, LLC is investigating whether Marshall&Ilsley (M&I) violated its fiduciary duties to its retirement program by maintaining investment offerings in certain M&I-owned...

The version of a 401(k) fee disclosure bill passed by a U.S. House committee Wednesday includes a controversial provision mandating that plan sponsors include an index fund in...

The U.S. Department of Labor (DoL) has filed a lawsuit in federal district court in Chicago against Chicago-based AA Capital Partners Inc. and its executives.

As part of regulators’ continuing efforts to flesh out the Pension Protection Act’s (PPA) mandates, the Internal Revenue Service (IRS) on Friday issued proposed regulations on single-employer defined...

Those waiting for additional guidance from the IRS dealing with 403(b) model plan language or information sharing agreements shouldn’t hold their breath.

Small businesses wondering about the best retirement plan design have a new resource from the government.

The SPARK Institute has released for public review and comment a draft sample Information Sharing Agreement (ISA) for 403(b) plan vendors and employers.

The SPARK Institute has released for public review and comment the first of two proposals for best practices in information sharing among 403(b) plan providers and sponsors.

Citigroup Inc. has agreed to pay $33 million to about 2,500 current and former female brokers for its Smith Barney unit to settle a gender discrimination lawsuit.

An early “win″ for plan sponsors (perhaps more accurately, a win for a plan sponsor) was Hecker v. Deere&Co.

New Jersey Supreme Court justices are considering whether a Smith Barney company stock policy in which brokers who leave the firm before two years forfeit their rights to...

Federal regulators have contended that fiduciaries may still be legally required to disclose plan fees such as revenue sharing even if such a mandate is not explicit in...

The SPARK Institute has submitted a formal request to the IRS for a “Pre-Approved 403(b) Prototype Plan Program,″ according to SPARK Institute general counsel Larry Goldbrum.

The SPARK Institute has filed a 13-page comment letter with the Internal Revenue Service (IRS) about the new 403(b) retirement savings plan regulations, asking for an extension of...