Secretary of Labor Hilda L. Solis has once again contended that safe harbor status does not shield fiduciaries from liability for imprudent plan investments.
The Internal Revenue Service is issuing final regulations under section 401(a)(35) of the Internal Revenue Code (Code) relating to diversification requirements for certain defined contribution plans holding publicly...
A federal judge has refused a demand from Kraft Foods Global Inc. to order plaintiffs in a 401(k) lawsuit to pay $212,000 the company incurred defending the case.
A Washington, D.C., senior-citizen advocacy group today said it applauds a new piece of legislation that would create an inflation measurement based on expenses typically borne by seniors.
While there are many legislative and regulatory proposals that could affect retirement plans, the financial reform bill and fee disclosure regulations are two actions to watch for next.
The Employee Benefits Security Administration (EBSA) has announced that the EFAST2 electronic filing system for Forms 5500 and 5500-SF employee benefit plan annual reports has a new e-signature...
Nationwide Financial is hosting a conference call Monday to help retirement plan advisers get ahead of upcoming retirement plan regulation and legislative changes, such as fee disclosure.
Ivy Asset Management, a unit of Bank of New York Mellon, is facing a lawsuit by New York Attorney General Andrew Cuomo related to the Bernard L. Madoff...
A federal judge in North Dakota has granted class-action status to plaintiffs in a company stock lawsuit against Tharaldson Motels Inc. (TMI), but split the plaintiffs into current...
BlackRock Inc. and the largest U.S. business lobby groups are fighting to strike a provision in the financial regulations overhaul legislation that they say could harm millions of...
Secretary of Labor Hilda L. Solis filed an amicus curiae brief with the 4th U.S. Circuit Court of Appeals supporting the remedy of awarding plan participants a “surcharge”...
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the U.S. Securities and Exchange Commission (SEC) have published what was termed “guidance to help...