Latest News

Investing |

Bond Funds: Best Returns In Five Years

January 13, 2003 (PLANSPONSOR.com) - Bond mutual funds posted their best returns in five years in 2002, as low interest rates and war worries made bonds particularly attractive,...
Products |

CIGNA Retirement Expands Stock Plan Offerings

December 13, 2002 (PLANSPONSOR.com) - CIGNA Retirement & Investment Services has teamed up with Mellon Investor Services to expand plan sponsor access to simplified stock option and employee...
Products |

Janus Reopens Shuttered Funds

December 13, 2002 (PLANSPONSOR.com) - Janus has reopened to new investments four of its mutual funds that have been shuttered since 2000.
Products |

Prudential Reorganizes Fund Offerings

December 13, 2002 (PLANSPONSOR.com) - Prudential Financial has added a second family of mutual funds to its lineup, Jennison/Dryden, to join its two-year-old Strategic Partners fund group.
Administration |

UBS Shuttering High Profile Fund

December 13, 2002 (PLANSPONSOR.com) - The UBS Strategy Fund, whose initial investment totaled $2.1 billion, will be closed and merged with the UBS Global Equity Fund, according to...
Administration |

Kodak Snaps Up Shares From KRIP

December 13, 2002 (PLANSPONSOR.com) - Eastman Kodak Company has completed a $2 billion share repurchase program, with the repurchase of approximately 7.4 million shares from the Kodak Retirement...
Compliance |

FedEx Hit With Race Discrimination Charges

December 13, 2002 (PLANSPONSOR.com) - Charging that FedEx Corp. systematically discriminates against minorities in pay and promotions, a group of current and former employees have sued the giant...
Compliance |

Leave-based Donations Must Be Made By January 1

December 13, 2002 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has informed taxpayers that Notice 2001-69, which provides guidance for leave-based donations, will not be extended to payments...
Administration |

FASB, IASB Study Convergence Items

November 13, 2002 (PLANSPONSOR.com) - Worldwide accounting standards took a step forward yesterday, as the US-focused Financial Accounting Standards Board (FASB) and its European counterpart divvied up a...