Legal

A reduction in tax incentives for 401(k) plans would have a negative effect on retirement security because it would discourage savings and reduce the number of employers offering plans, according to a new report by The Principal.

Plan sponsors are increasingly looking for investment advisors who can shoulder some of the fiduciary burden related to offering employee retirement plans. More frequently they are turning to companies that offer fiduciary coverage under section 3(21)(A) of the Employee Retirement Income Security Act.

More than a thousand public-sector workers and retirees rallied Tuesday at the Rhode Island Statehouse in opposition to a proposed overhaul of the state's vastly underfunded pension system.

More than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis on Monday that not only thanked her for Phyllis Borzis decision to withdraw the DOLs proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when its reproposed in...

The IRS and the Department of Treasury are requesting comments on possible standards for determining if a retirement plan is a governmental plan under section 414(d) of the Internal Revenue Code.

The Principal announced this week that it is rolling out revised materials with fee disclosures for its plan sponsors ahead of the U.S. Department of Labors fee disclosure deadline of April 1, 2012.