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 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 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...