Compliance

Compliance | February 11th, 2011

Newly Introduced Bill Would Repeal Limits on FSAs, HSAs

February 11, 2011 (PLANSPONSOR.com) - U.S. Senator Kay Bailey Hutchison (R-Texas) has introduced The Patients’ Freedom to Choose Act, a bill that would repeal two provisions in the...

Compliance | February 11th, 2011

Court Gives Final Approval in RadioShack Fiduciary Breach Case

February 11, 2011 (PLANSPONSOR.com) – A federal judge in Texas has given final approval to a $2.4-million settlement of a class-action suit alleging RadioShack used Putnam mutual funds...

Compliance | February 11th, 2011

Cycle A Determination Application Period Open to Controlled Groups

February 11, 2011 (PLANSPONSOR.com) - The 12-month on-cycle submission period for Cycle A determination letter applications and opinion and advisory letter applications for most pre-approved plans started on...

Compliance | February 11th, 2011

EBSA Sets New 408(b)(2) Deadline for January 2012

February 11, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has delayed by six months the applicability date of its new 408(b)(2) fee...

Compliance | February 11th, 2011

IRS Fees Cut for Some EGTRRA Plan Document Filing

February 11, 2011 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has announced that sponsors applying to its Voluntary Correction Program (VCP) to correct the failure of not adopting...

Compliance | February 11th, 2011

DoL Seeks $1M from Houston Oil Companies for Disputed OT Payments

February 11, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has announced the filing of a lawsuit alleging two Houston companies failed to pay more than $1...

Compliance | February 11th, 2011

Lactation Supplies Considered Medical Expenses

February 11, 2011 (PLANSPONSOR.com) – Payments for breast pumps and supplies helping lactation are now considered medical care, the Internal Revenue Service (IRS) has announced.

Compliance | February 11th, 2011

Public Pension Transparency Bill Reintroduced in the House

February 11, 2011 (PLANSPONSOR.com) - U.S. Representative Devin Nunes (R-California) and Senator Richard Burr (R-North Carolina) announced the reintroduction of the Public Employee Pension Transparency Act in the...

Compliance | February 10th, 2011

Another Health Care Reform Challenge to Get Expedited Review

February 10, 2011 (PLANSPONSOR.com) – A challenge to the health care reform law by a Michigan-based Christian advocacy group will get accelerated review in a U.S. appeals court.

Compliance | February 10th, 2011

DoL Obtains Restitution for Arkion Life Sciences 401(k) Plan

February 10, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained a consent judgment ordering Arkion Life Sciences LLC and its corporate officers to restore $193,795 in...

Compliance | February 9th, 2011

PBGC Gets Pension Funding from Peterbilt Parent

February 9, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation has reached an agreement with PACCAR Inc. that strengthens a pension plan covering more than 1,200 retirees and...

Compliance | February 7th, 2011

DoL Started Attorney Referral System for FLSA Claims

February 7, 2011 (PLANSPONSOR.com) - Beginning on December 13, 2010, when Fair Labor Standards Act or Family and Medical Leave Act complainants are informed that the Wage and...

Compliance | February 7th, 2011

State AGs Back HCR in Appellate Court Brief

February 7, 2011 (PLANSPONSOR.com) – Nine state attorneys general have filed a friend of the court brief backing the controversial health statute.

Compliance | February 4th, 2011

Retirement Income Disclosure Bill Makes a Comeback

February 4, 2011 (PLANSPONSOR.com) – With a growing interest in the subjects of retirement income and transparency, bipartisan legislation to provide more disclosure about retirement...

Compliance | February 4th, 2011

Congressional Quartet Backs DoL Fiduciary Proposal

February 4, 2011 (PLANSPONSOR.com) – A quartet of key Democratic legislators has weighed in on the proposed redefinition of “fiduciary.”

Compliance | February 4th, 2011

DOJ Opposing HCR Reform Challenge Expedited Review Request

February 4, 2011 (PLANSPONSOR.com) – The U.S. Justice Department will oppose a request by Virginia Attorney General Ken T. Cuccinelli to have the U.S. Supreme Court hear health...

Compliance | February 3rd, 2011

HELP Panel Witnesses Back Auto Features, More Education

February 3, 2011 (PLANSPONSOR.com) – Witnesses appearing Thursday before the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) told lawmakers that while the retirement income sufficiency...

Compliance | February 3rd, 2011

SIFMA Asks DoL to Reconsider Fiduciary Definition Change

February 3, 2011 (PLANSPONSOR.com) - The Securities Industry and Financial Markets Association (SIFMA) has asked the Department of Labor (DoL) to reconsider its proposed rule that would redefine...

Compliance | February 3rd, 2011

ERIC: Fiduciary Redefinition Could Discourage Assistance to Participants

February 3, 2011 (PLANSPONSOR.com) – In its comments to the Department of Labor on proposed regulations to change the definition of “fiduciary,” the ERISA Industry Committee (ERIC) warned...

Compliance | February 3rd, 2011

PBGC Deal Adds $4M to AGF Pension

February 3, 2011 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has worked out an agreement to add $4 million in additional funding for the pensions of 9,000...