Administration

September 24, 2008 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has announced a Fair Fund distribution of approximately $49 million to investors affected by improper market timing...

September 24, 2008 (PLANSPONSOR.com) - Firms are increasingly offering equity exchange programs by which employees can trade worthless options for new options or restricted stock, according to recent...

September 24, 2008 (PLANSPONSOR.com) - Within the next 15 years, state pension plans will be have a two-third probability of being underfunded to the tune of almost $1.5...

September 24, 2008 (PLANSPONSOR.com) - Federated Investors, Inc. and Putnam Investments announced that, upon liquidation, the institutional Putnam Prime Money Market Fund will invest its assets in the...

September 24, 2008 (PLANSPONSOR.com) - A federal bankruptcy court judge has approved a plan for Delphi Corp., a bankrupt auto parts supplier, to freeze its hourly and salaried...

September 22, 2008 (PLANSPONSOR.com) - Despite the Pension Protection Act's (PPA) requirement that defined benefit plan sponsors provide annual funding notices with a description of the plan's funding...

September 22, 2008 (PLANSPONSOR.com) - John Hancock's Investment Management Services (IMS) group announced it has expanded its role of providing investment manager selection and review services within its...

September 22, 2008 (PLANSPONSOR.com) - More details became available Monday about the federal government's plan to shore up U.S. money market funds so they can maintain their traditional...

September 19, 2008 (PLANSPONSOR.com) - New York State Comptroller Thomas P. DiNapoli has now blocked the use of more than 105 million shares of several Common Retirement Fund-owned...

September 19, 2008 (PLANSPONSOR.com) - The securities lending programs of the California Public Employees' Retirement System (CalPERS) and the State Retirement and Pension System of Maryland have taken...

September 18, 2008 (PLANSPONSOR.com) - Faced with extraordinary market volatility that created "significant redemption pressure," the Board of Trustees for the Putnam Funds on Thursday closed the institutional...

September 18, 2008 (PLANSPONSOR.com) - A public pension fund has sued the chief executive and board of American International Group (AIG), accusing them of mismanagement and "grossly imprudent...

September 17, 2008 (PLANSPONSOR.com) - A New Jersey-based 403(b) benefits administrator specializing in the K-12 market has acquired an Ohio 403(b) consultant.

September 17, 2008 (PLANSPONSOR.com) - UNIFI Companies is consolidating the operations of its two affiliated mutual funds: Summit Mutual Funds and Calvert Group, Ltd.

September 12, 2008 (PLANSPONSOR.com) - The New York state attorney general's office is close to reaching a settlement with brokerage firm Fidelity Investments over its marketing of auction-rate...

September 12, 2008 (PLANSPONSOR.com) - Shortly after threatening to sue to block a new state Sudan divestment law, New Hampshire state pension officials have decided to seek a...

September 12, 2008 (PLANSPONSOR.com) - Late Friday General Motors Corp. announced a deal to help its former parts unit emerge from bankruptcy Friday, agreeing to assume $3.4 billion...

September 11, 2008 (PLANSPONSOR.com) - The Government Accountability Office (GAO), in a new report, recommends that the Department of Labor provide guidance for defined benefit plans on investing...

September 11, 2008 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) announced Wednesday that it has entered into a proposed settlement of its class action lawsuit with...

September 11, 2008 (PLANSPONSOR.com) - Total assets in individual retirement accounts (IRAs) grew 12.5% in 2007, reaching a record $4.75 trillion, according to a study released today by...