DOL Seeks Independent Fiduciary for Abandoned Plan
The plan’s recordkeeper refused to make distributions after the former plan fiduciary changed each participant’s address to his own.
Compliance
Conn. Passes Protection for Transferred Pension Assets
Legislation in Connecticut will protect transferred pension assets from creditor claims.
IRS Announces Halt to Certain Lump-Sum Offerings
Effective July 9, DB plan sponsors may no longer offer a lump-sum window to participants who have begun receiving installments.
Report Rounds Up Retirement Reform Needed
A working group established by the Senate Committee on Finance shows support for a number of proposals to reform the American retirement savings system.
Appellate Court Weighs In on Posthumous QDRO
Appeals court rules on the validity of certain posthumous qualified domestic relations orders, and whether divorce settlement agreements qualify as or supersede QDROs.
DOL Reiterates Its Stance on ‘Top Hat’ Plans
The Department of Labor has filed an amicus brief weighing in on a court case regarding a plan’s ‘top hat’ status.
Court Rules Against Reduction in State Pension Payments
A Montana teachers' union claims a reduction in retirees' pension payments is unconstitutional.
Advisory Committee Suggests Additional Guidance for 403(b)s
Seven years after IRS regulations were implemented, 403(b) plans still have trouble with compliance.
Health Plan Sponsors Must Exercise Prudence
Selection of good providers can help avoid lawsuits.
DOL Announces Health Benefits Law Seminars
The DOL will host health benefits law compliance seminars in Nebraska, South Carolina and Pennsylvania.
Tips for Surviving an IRS Plan Audit
An HR director from Vanderbilt University shared tips from her IRS 403(b) plan audit experience with attendees of the NTSA 403(b) Summit.
9th Circuit Confirms Stock Drop Remand
The 9th U.S. Circuit Court of Appeals refused to again revisit an amended decision in a long-running and complicated stock drop suit impacted by the Supreme Court’s Dudenhoeffer...
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
Court Dismisses Part of Great-West Annuity Challenge
A district court in Colorado has granted in part and dismissed in part a motion from Great-West to dismiss a class action lawsuit alleging the company breached fiduciary...
High Court Marriage Decision Will Affect Health Benefits
An expert from PwC says the ruling will have little impact on retirement plans.
Supreme Court ACA Decision Maintains Status Quo
With a high court ruling, there is no more question of whether health premium subsidies will be available in any state.
Senate Joins House in Effort to Defund Fiduciary Rule
A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.
IRS Publishes NQDC Plan Audit Guide
The guide for examinations agents serves as a reminder of NQDC plan rules.
Group Questions EEOC’s Authority on Wellness Program Rule
The HR Policy Association says the proposed rule will discourage wellness program innovation and increase the potential for litigation.
IRS Publishes New VCP Kit for Certain Plans
This kit is for plan sponsors who failed to make timely required contributions to money purchase or target benefit pension plans (defined contribution plans).