Settlement Reached in PFF Bancorp Suit
May 2, 2011 (PLANSPONSOR.com) - A court has approved a $3 million settlement of a case accusing PFF Bancorp Inc of continuing to purchase and invest in company...
Compliance
Court Finds Disability Denial Appeal Is Untimely
May 2, 2011 (PLANSPONSOR.com) – A federal appellate court has dismissed a claim by an employee who was denied disability benefits because her appeal of the denial was...
Finistar Options Backdating Suit Reinstated
May 2, 2011 (PLANSPONSOR.com) – The 9th U.S. Circuit Court of Appeals has reinstated a lawsuit brought by Finistar shareholders alleging stock options backdating.
Court Says Spouse Trumps Beneficiary Designation of Children
May 2, 2011 (PLANSPONSOR.com) – A federal court has granted retirement plan benefits of a deceased participant to his spouse, even though he had listed his children as...
ERIC Outlines Suggestions for Reducing Regulatory Burdens
April 29, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) urged the Treasury Department to be more responsive to easing the regulatory burden on sponsors...
ASPPA Recommends Streamlined Participant Communications
April 29, 2011 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) has recommended that the Treasury Department simplify the required employee communication items for retirement...
Law Firm Discusses Common 409A Errors
April 29, 2011 (PLANSPONSOR.com) – In the April 2011 edition of the Trucker Huss Benefits Report, attorneys from the firm list some common Internal Revenue Code Section 409A...
IRS Starts Higher Ed 403(b) Compliance Check
April 29, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has begun its 403(b) Universal Availability Higher Education Project.
Pot Using Employee Granted Workers’ Comp
April 28, 2011 (PLANSPONSOR.com) – The Montana Supreme Court has ruled that a bear park employee’s marijuana use was not a contributing factor to him being injured on...
OSHA to Crack Down on Employee Texting and Driving
April 27, 2011 (PLANSPONSOR.com) – The Occupational Safety and Health Administration (OSHA) has launched its “Distracted Driving Initiative.”
Court Denies Mother’s Claim to Deceased Son’s Benefits
April 27, 2011 (PLANSPONSOR.com) – A federal court has upheld an employer’s decision to grant death benefits to the beneficiary designated by a former employee, though his mother...
Pension Plan Participant Sues over Alternative Investments
April 27, 2011 (PLANSPONSOR.com) – A recently filed lawsuit claims that Weyerhaeuser Company, its investment managers, and other fiduciaries to its pension plans breached their fiduciary duties by...
Uncle Sam Retiring Social Security…Checks
April 26, 2011 (PLANSPONSOR.com) - The U.S. Department of the Treasury is retiring the paper Social Security check for millions of baby boomers and others...
DoL Urges 6th Circuit to Reverse Ruling in Stock Drop Case
April 26, 2011 (PLANSPONSOR.com) – In an amicus brief, the U.S. Department of Labor has asked the 6th U.S. Circuit Court of Appeals to reverse a federal district...
Council Recommends More Audit Relief for 403(b)s
April 26, 2011 (PLANSPONSOR.com) – The ERISA Advisory Council has recommended that the Department of Labor provide administrators of 403(b) plans with an additional year to file their...
High Court Denies Expedited Review of Health Care Law
April 25, 2011 (PLANSPONSOR.com) - The U.S. Supreme Court has refused to bypass the lower courts and take up a challenge to the constitutionality of the national health...
Law Firm Supports Making ESOP Valuators Fiduciaries
April 22, 2011 (PLANSPONSOR.com) – Unlike other commenters on the Department of Labor’s proposed redefinition of fiduciary, the law firm of Lewis, Feinberg, Lee, Renaker & Jackson supports...
Lawmakers Introduce Legislation to Promote ESOPs
April 22, 2011 (PLANSPONSOR.com) – Congressman Ron Kind (D-Wisconsin) has introduced the "Promotion and Expansion of Private Employee Ownership Act of 2011."
ERIC Responds to Support for PBGC Setting Premiums
April 22, 2011 (PLANSPONSOR.com) – In a letter-to-the-editor of the Washington Post, ERISA Industry Committee (ERIC) President Mark Ugoretz said the group takes issue with a Post editorial...
Employee’s State Claim over Health Plan not ERISA Preempted
April 22, 2011 (PLANSPONSOR.com) – The 10th U.S. Circuit of Appeals has determined that a former employee who won damages in a previous Employee Retirement Income Security Act...