Latest News

Administration | July 1st, 2010

WV Investment Adviser Admits to Embezzling 401(k) Money

July 1, 2010 (PLANSPONSOR.com) - A former investment adviser from Charleston, West Virginia, has admitted in federal court that he embezzled $600,000 from a 401(k) plan under his...

Compliance | June 30th, 2010

Appeals Panel Declares Taft-Hartley Plans Inherently Conflicted

June 30, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that a lower court judge should have more seriously considered inherent conflicts in a Taft-Hartley benefits...

Administration | June 30th, 2010

FL Woman Sues BP Over 401(k) Stock Losses

June 30, 2010 (PLANSPONSOR.com) – A Florida woman who invested in the company stock option in BP’s 401(k) plan has sued the company and State Street Bank...

Benefits | June 30th, 2010

WellPoint Customer May Have Used Data Breaches to Support Lawsuit

June 30, 2010 (PLANSPONSOR.com) - WellPoint Inc. has notified 470,000 individual insurance customers that medical records, credit card numbers, and other sensitive information may have been exposed in...

Compliance | June 30th, 2010

Lawsuit Filed over Walmart Firing of Medical Marijuana User

June 30, 2010 (PLANSPONSOR.com) - A man who uses medical marijuana to treat symptoms of an inoperable brain tumor and cancer claims in a lawsuit filed by the...

Compliance | June 30th, 2010

Judge Dismisses FedEx Drivers’ ERISA Claims

June 30, 2010 (PLANSPONSOR.com) - A federal judge has dismissed former FedEx drivers’ Employee Retirement Income Security Act (ERISA) claims for failure to exhaust administrative remedies.

Compliance | June 30th, 2010

HMO Found Liable for Coverage Information Gap

June 30, 2010 (PLANSPONSOR.com) – A benefit plan fiduciary violated its responsibilities under the Employee Retirement Income Security Act (ERISA) by not warning members contacting its call...

Investing | June 30th, 2010

Reconstitution of Russell Global Index Completed

June 30, 2010 (PLANSPONSOR.com) - Russell Investments has completed the annual realignment of the Russell Global Index and added 1,190 stocks to the equity benchmark.

Products | June 30th, 2010

Morningstar Introduces StockInvestor Core Index

June 30, 2010 (PLANSPONSOR.com) - Morningstar, Inc. has created the Morningstar StockInvestor Core Index , a diversified portfolio of stocks from the Tortoise and Hare portfolios featured in...

Administration | June 30th, 2010

MO House Passes Pension Changes

June 30, 2010 (PLANSPONSOR.com) - The Missouri House has passed a pension reform bill.

Benefits | June 30th, 2010

Canadian Employers Offer Options for Work/Life Balance

June 30, 2010 (PLANSPONSOR.com) - Many Canadian organizations are offering programs to help employees better balance workplace and personal demands on their time, according to a survey conducted...

Benefits | June 30th, 2010

Majority of Large Employers Use Automatic Enrollment

June 30, 2010 (PLANSPONSOR.com) - A majority of large employers now automatically enroll workers into their 401(k) plans, according to a new survey by Towers Watson.

Products | June 30th, 2010

Invesco PowerShares ETFs Undergo Index and Name Changes

June 30, 2010 (PLANSPONSOR.com) - Invesco PowerShares announced that five existing portfolios will undergo index and name changes effective on Wednesday.

Administration | June 30th, 2010

CalPERS, Other Bondholders Say Lehman Bankruptcy Plan Fuels Conflict

June 29, 2010 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) and a handful of other Lehman Brothers Holdings Inc's creditors said they object to the investment...

Benefits | June 29th, 2010

Participants Prize Retirement Plans – More

June 29, 2010 (PLANSPONSOR.com) - More than half of 401(k) retirement savings plan participants report that their plan has become more important to them since...

Products | June 29th, 2010

NRP Offers Access to ADP ACCESS

June 29, 2010 (PLANSPONSOR.com) - ADP has announced that National Retirement Partners (NRP) has approved the marketing of ADP ACCESS’ 401(k) retirement plan product.

Administration | June 29th, 2010

Pension Funding Relief Seen as Best Under the Circumstances

June 29, 2010 (PLANSPONSOR.com) – Considering the politically charged anti-bailout atmosphere in which pension funding relief was negotiated and finally signed into law, plan sponsors generally should...

Products | June 29th, 2010

ADP Unveils New BPO Solution

June 29, 2010 (PLANSPONSOR.com) – ADP has unveiled a new solution it says “provides an even higher level of service and specialization to help mid-sized organizations (50-999 employees)...

Benefits | June 29th, 2010

Job Security and Benefits Top Contributors to Job Satisfaction

June 29, 2010 (PLANSPONSOR.com) - For the fourth year in a row, employees ranked job security and benefits as the top two “very important” contributors to job satisfaction,...

Benefits | June 29th, 2010

Poll Shows Support for Income Guarantees in 401(k)s

June 29, 2010 (PLANSPONSOR.com) - A new survey indicates three-out-of-four (77%) U.S. adults support the concept of modifying the 401(k) retirement plan system to specify that employer contributions...