Category Archives: Investments

DOL and SEC Schedule Joint Hearing on Target Date Funds

Posted on May 13, 2009 by Administrator

The Dept. of Labor and the Securities and Exchange Commission have announced a joint one-day hearing on target date or lifecycle funds and other investment options. The hearing is scheduled for June 18, 2009. It will be held at the … Continue reading →

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Madoff Victims Include Small Pension Plans

Posted on February 6, 2009 by Administrator

Speculation over how many pension plans were defrauded of assets by Madoff came to a close yesterday with the publication of the long list of victims which has been filed with the Bankruptcy court handling Madoff’s assets. (hat tip to … Continue reading →

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It’s Official – DOL Applies Rahm Emanuel’s Memo to Investment Advice Regs

Posted on February 5, 2009 by Administrator

Today, the Dept. of Labor issued a Notice proposing a 60-day extension and a new comment period for the investment advice regulations which the DOL published in the Federal Register on January 21, 2009. Originally effective on March 23, 2009, … Continue reading →

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Cashed Out Participant is Still a Participant for Breach of Fiduciary Lawsuits

Posted on July 21, 2008 by Administrator

When is comes to litigating over alleged fiduciary breaches, when is a terminated employee no longer a participant. If you think the answer should be as soon as the terminated employee receives a lump sum distribution of their entire account … Continue reading →

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DOL Issues Guidance on Qualified Default Investment Alternatives

Posted on April 30, 2008 by Administrator

The Dept. of Labor has issued 3 pieces of guidance on qualified default investment alternatives (QDIAs) – a 2-page correcting amendment for Default Investment Alternatives Under Participant Directed Individual Account Plans, a 2-page Fact Sheet, and Field Assistance Bulletin No. … Continue reading →

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Effective Christmas Eve, New Default Investment Alternatives Regulations Answer Automatic Enrollment Questions

Posted on October 24, 2007 by Administrator

One of the big automatic enrollment questions was answered today with the release of the Final Regulations on Default Investment Alternatives Under Participant Directed Individual Account Plans. Plans have been permitted to automatically enroll employees in 401(k) plans for years. … Continue reading →

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Restricting Plan Investments Based on Public Policy

Posted on June 10, 2007 by Suzanne Wynn

On Friday, Ohio announced that its five public employee pension systems will adopt policies aimed at dropping investments in companies which do business in Iran and the Sudan. Recently, Illinois had adopted the same policy by state statute. That state … Continue reading →

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