When you make contributions to your 401(k), the funds that you put into your account are vested immediately and are yours to keep, even if you leave your job the next day. While companies can have different rules for when you get to keep employer contributions, all money you put into the account is 100% your own. But what happens if you make a contribution and see some of the money disappearing days after? Is this a sign of fraud or something that you should be worried about? Let's take a look at a hypo ...

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Department of Labor has been sued by former Morgan Stanley financial advisers for allegedly issuing an illegal advisory opinion sought by the Wall Street bank that could scuttle hundreds of arbitration claims against the bank. In a complaint filed on Tuesday in Manhattan federal court, the plaintiffs said the Labor Department's finding that Morgan Stanley's deferred incentive compensation plan wasn't an employee benefit pension plan under the federal law k ...

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. The U.S. Department of Labor has sided with Morgan Stanley and several FINRA arbitration decisions in a dispute over whether its deferred compensation program should be treated like a pension or a bonus and, if the latter, not be paid if a financial advisor leaves before the end of its vesting period. In an opinion issued Tuesday, the DOL said Morgan Stanley’s deferred incentive compensation prog ...