Employer ACA Readiness Checkup
October 23, 2014 (PLANSPONSOR.com) - There are several Patient Protection and Affordable Care Act (ACA) provisions that employers need to act on now.
Compliance
Retirement Plan Deferral Limit to Increase in 2015
October 23, 2014 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for retirement plans, as well as other retirement-related items for...
AICPA Asks EEOC to Leave Mandatory Retirement Policies Intact
October 22, 2014 (PLANPSONSOR.com) - The American Institute of Certified Public Accountants (AICPA) has asked the Equal Employment Opportunity Commission (EEOC) to reject staff appeals to investigate and...
Social Security Announces COLA, Wage Base Increase
October 22, 2014 (PLANSPONSOR.com) - The Social Security Administration (SSA) has announced a 1.7% benefit increase for 2015.
PBGC Issues Guidance About Funding Relief Effect on Reporting
October 20, 2014 (PLANPSONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) issued guidance about the effect of pension funding relief passed earlier this year on certain reporting requirements.
PBGC to Take Over Manufacturing Firm's Retirement Plan
October 17, 2014 – (PLANSPONSOR.COM) – The Pension Benefit Guaranty Corporation (PBGC) will pay retirement benefits for more than 4,500 current and future retirees at Reichhold Inc.
Court Dismisses Stock Drop Case Against UBS
October 17, 2014 (PLANSPONSOR.com) – A federal district court judge has found a participant in the UBS Savings and Investment Plan (SIP) lacks standing to sue regarding the...
How a Plaintiff's Attorney Views the Supreme Court Fee Case
October 17, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court announced early this month that it would review parts of an important 401(k) fee litigation case, Tibble v. Edison,...
IRS Posts Reminder About Two Compliance Issues
October 16, 2014 (PLANSPONSOR.com) – The Internal Revenue Service (IRS)'s review of Virgin Island plan sponsors signaled a need to remind all plan sponsors about two important issues.
PBGC Outlines Online Premium Payment Process
October 15, 2014 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corp. (PBGC) has issued certain instructions for ensuring premium payments are received and posted accurately.
Appellate Court Upholds DC to DB Transfer Elimination
October 13, 2014 (PLANSPONSOR.com) – Another federal appeals court has ruled employers may eliminate retirement plan transfer provisions allowing employees to move assets from a defined contribution plan...
Company Used Insurance as Excuse to Fire Older Workers
October 10, 2014 (PLANSPONSOR.com) – Spartanburg, South Carolina-based Atchison Transportation Services has settled an age discrimination charge by the Equal Employment Opportunity Commission (EEOC).
Regulators Issue Final Rules for ACA Excepted Benefits
October 9, 2014 (PLANSPONSOR.com) - The Departments of Health and Human Services (HHS), Labor (DOL) and the Treasury have issued final rules about benefits that may be exempt...
Court Moves Forward Citigroup 401(k) Excessive Fee Suit
October 9, 2014 (PLANSPONSOR.com) – Participants in the Citigroup 401(k) plan can move forward with their claims plan fiduciaries violated the Employee Retirement Income Security Act (ERISA) by...
Experts See Big Stakes in SCOTUS Review of Tibble
October 6, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court’s decision to review parts of Tibble v. Edison International could have broad ramifications for plan sponsors and fiduciaries of...
EEOC Files Another Lawsuit over Wellness Program
October 6, 2014 (PLANSPONSOR.com) – The Equal Employment Opportunity Commission (EEOC) is charging another company with violating the Americans with Disabilities Act (ADA) by its wellness program practices.
The Who, What and When of RMDs
October 3, 2014 – (PLANSPONSOR.com) - The premise behind having required minimum distributions (RMDs) is that Congress wants the RMD’s primary purpose to be for retirement, not a...
IRS Puts Out Updated Compliance Aids
October 3, 2014 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has announced updated Web pages, checklists and fix-it guides to aid employers in operating their plans and correcting...
Supreme Court Will Hear Tibble v. Edison Case
October 2, 2014 (PLANSPONSOR.com) – The law firm of Schlichter, Bogard & Denton says the U.S. Supreme Court has agreed to review the closely followed 401(k) fee litigation...
Court Finds John Hancock Not a Fiduciary in Fee Case
October 2, 2014 (PLANSPONSOR.com) - John Hancock has ultimately been found not to be a fiduciary in a case alleging it charged excessive fees for investments offered in...