The American Society of Pension Professionals & Actuaries filed a letter with the U.S. Department of Labor asking that it modify the Voluntary Fiduciary Correction Program as it applies to late deposits of elective deferrals under the Employee Retirement Income Security Act.

Despite the economic downturn and a widely held belief that the country is heading into another recession, benefit plan participants are committed to saving money for retirement, according to the Mercer Workplace Survey.

Public sector employees prefer defined benefit pensions over 401(k)-type defined contribution individual accounts, according to a study released today by the National Institute on Retirement Security and Milliman Inc.

A Pittsburgh company must restore $67,138 in plan assets and interest to its employee retirement plan, according to the U.S. District Court for the Western District of Pennsylvania.

The American Society of Pension Professionals & Actuaries is launching a new organization to meet the growing needs of advisors working in the 401(k) market.

A quarter of retirees dont believe their lives are better now that they are retired, according to a poll by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health.

A large number of financial professionals plan to ramp up their retirement income planning practices over the next few years, according to a new study by the Principal Financial Group.

A recent report by Cogent Research shows there has been a shift in advisors commitment to their current fund companies. In its 2011 Advisor Brandscape report, the research firm reported on advisor trends and product usage among 1,643 retail investment advisors across all major distribution channels.