Groups Urge Court to Review Kraft Fee Case Ruling
May 19, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to rehear a case for which it held that...
Compliance
Legislation Aims to SEAL 401(k) “Leakage”
May 18, 2011 (PLANSPONSOR.com) – Two US Senators have introduced a bipartisan bill designed to cut down on the “leakage” from defined contribution plans due...
Legislation Addresses Retirement Plan Leakage
May 18, 2011 (PLANSPONSOR.com) - Workers will be limited in tapping their 401(k) retirement plans for loans under legislation introduced by Senators Herb Kohl (D-WI) and Mike Enzi...
Duke Energy Settles Cash Balance Suit for $30M
May 18, 2011 (PLANSPONSOR.com) – A federal judge in South Carolina has approved a $30 million settlement of a lawsuit against Duke Energy over its conversion to a...
Supreme Court Sends Back Cash Balance Notice Decision
May 16, 2011 (PLANSPONSOR.com) – The U.S. Supreme Court has sent back for further proceedings a lower court decision that ordered CIGNA Corp. to reform its cash balance...
HHS Grants PPACA Waivers to 221 More Plans, Two States
May 16, 2011 (PLANSPONSOR.com) – The Obama Administration has approved another 221 one-year waivers from the provisions of the Patient Protection and Affordable Care Act...
IRS Announces HSA Limits for 2012
May 16, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has announced the 2012 inflation adjusted deduction limitations for annual contributions made to a health savings account (HSA) under...
Bill Would Help Pilots Get More PBGC Benefits
May 13, 2011 (PLANSPONSOR.com) - U.S. Senator Daniel K. Akaka (D-Hawaii) and Congressman George Miller (D-California) have introduced the Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act.
Benefits Committee Can be Sued for Benefits Misrepresentation
May 13, 2011 (PLANSPONSOR.com) – A Mars, Inc. retiree can pursue fiduciary breach claims against the Mars Benefit Plans Committee, but not against the company, for misrepresenting the...
Cuban Former Wal-Mart Employees Can Sue over Bias
May 11, 2011 (PLANSPONSOR.com) - Former Wal-Mart Stores Inc. warehouse workers of Cuban origin may pursue a lawsuit accusing the retailer of discrimination and retaliation.
PBGC Negotiates Pension Funding for EGS Electrical Group Plan
May 11, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation announced an agreement with EGS Electrical Group, LLC to improve funding for a pension plan covering more than...
Whistleblower Need not Contact SEC Directly to Claim Protections
May 10, 2011 (PLANSPONSOR.com) - The U.S. District Court for the Southern District of New York has ruled that a whistleblower need not personally contact the Securities and...
VT Lawmakers Approve Tax Conformity to PPACA
May 9, 2011 (PLANSPONSOR.com) - Vermont lawmakers have approved a bill that would enable employers to offer coverage to employees’ adult children up to age 26 without the...
Groups Urge Legislators not to Disrupt Public Pension Oversight
May 6, 2011 (PLANSPONSOR.com) – Organizations testifying before a U.S. House panel contended that public pensions are faring better than recent reports say, and that current transparency measures...
Court Rejects 404(c) Defense in Certifying Stock Drop Suit Class
May 6, 2011 (PLANSPONSOR.com) – A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a...
DE Governor Signs Pension Reform
May 5, 2011 (PLANSPONSOR.com) – Delaware Governor Jack Markell has signed legislation designed to reign in state retiree pension and health care costs.
Uninsured Can Move Forward in HCR Challenge
May 5, 2011 (PLANSPONSOR.com) – A federal court has moved forward claims of uninsured plaintiffs in a challenge to the federal health care reform law, while saying the...
Plan Participants Denied Share of Motorola Securities Suit Settlement
May 5, 2011 (PLANSPONSOR.com) – Motorola 401(k) Profit-Sharing Plan participants are excluded from the class specified in a securities lawsuit brought against the company, and so they cannot...
Pension Funds Sue Washington Post
May 3, 2011 (PLANSPONSOR.com) – The Iron Workers Local No. 25 Pension Fund has been named lead plaintiff in a class action suit claiming losses due to misleading...
Regulators Seek Employer Input on PPACA Provisions
May 3, 2011 (PLANSPONSOR.com) - The Treasury Department and Internal Revenue Service have requested public comment on issues relating to the shared responsibility provisions included in the Affordable...