A federal appellate court ruled that a plan sponsor cannot rely on Florida state law to sue Merrill Lynch for allegedly aiding a plan provider in committing fraud...
The fiduciaries of BP Corp. North America Inc.'s retirement plans have accused Northern Trust Co. of breaching their fiduciary duties by not disclosing substantial securities lending losses.
The Internal Revenue Service (IRS) will waive the requirements for Code Y reporting in 2008 of amounts deferred under 409A for nonqualified deferred compensation plans (NQDC).
In a letter signed by 33 403(b) practitioners and advisers, two attorneys requested an extension of the effective date for complying with the written plan requirement dictated by...
Zenith Capital, a registered investment advisory (RIA) firm, allegedly collected incentive fees from a hedge fund in exchange for investing retirement plan assets in the fund.
Federal regulators reaffirmed their position that the goal of ERISA plans must be to generate maximum returns to meet pension liabilities and not for socially responsive investing purposes.
The maximum amount of earnings subject to Social Security tax starting in January 2009 will be increased to $106,800 from $102,000, the Social Security Administration (SSA) announced Thursday.
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.