Don't Get Left Behind By Money Market Fund Reform
A survey of institutional asset managers highlights persistent uncertainty and lack of preparedness around pending SEC money market reforms.
Compliance
9th Circuit Weighs In on Successor Withdrawal Liability
The appellate court determined a district court did not properly review successorship factors.
Participant Could Get Relief for Difference in Document and SPD
A court found a pension plan’s SPD materially conflicted with the plan document, so a participant who expected to receive certain benefits can seek relief.
Two Alternatives in Guidance About State-Run Plans
DOL says the proposed rule has been sent to the Office of Management and Budget.
Is Your Plan Adviser Helping You with Compliance?
Retirement plan sponsors are usually not experts in compliance, while advisers and consultants are, so sponsors may want to rethink how they engage advisers.
PBGC Issues Final Rule for eFiling Multiemployer Plan Notices
Certain notices to the PBGC must now be filed electronically.
Health Plan Compliance Issues to Consider
Mercer has published the top 10 compliance-related issues health benefit plan sponsors should address in planning for the upcoming year.
IRS Clarifies Rules for Hardship-Related eFiling Waivers
The IRS published procedures for plan sponsors to request a waiver of the electronic filing requirements for Form 8955-SSA and Form 5500-EZ.
Legislators Hear Arguments About Fiduciary Reform
Hearings before two House Financial Services subcommittees add more commentary to the debate about the DOL's proposed fiduciary rule.
PBGC Issues Final Rules for Reportable Events
PBGC anticipates about 94% of plans and sponsors will be exempt from many reporting requirements.
School Settles Age Bias Suit
The EEOC charged the school with discriminating against an employee after finding out he was previously retired from another job.
The Challenges of Picking a QDIA
Clarifying regulations could help plan sponsors choose plan investments, the GAO says.
Final Rules for DB Minimum Required Contributions Issued
The guidance also contains final excise tax regulations applicable to both single-employer and multiemployer defined benefit plans.
DOL Accuses ESOP Fiduciaries of Prohibited Transactions
A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.
Court Questions Ability to Recover Pension Overpayments
Questions about whether funds can be identified in the participant’s possession and when the statute of limitations started to accrue have pushed forward an ERISA lawsuit.
IRS Offers Up Rules for MPRA-Related Benefit Reductions
The IRS published temporary regulations and proposed final regulations governing the process of reducing benefit payments by distressed multiemployer retirement plans under MPRA.
DOL Seeks More than $1.6M in Losses for Profit Sharing Plan
A health care company filed no annual reports, did not perform valuations and took more than $1.6 million in improper distributions in violation of ERISA, the DOL alleges. ...
IRS Issues Guidelines for Cooperative and Small Charities Pensions
The Cooperative and Small Employer Charity Pension Flexibility Act specifies funding requirements for certain pensions that were not immediately affected by PPA funding rules.
Webcast to Cover Updates to IRS Employee Plans Programs
The agency is hosting a free webcast in which the determination letter program and new pre-approved plan document programs will be discussed.