November 26, 2007 (PLANSPONSOR.com) - A federal judge in Wisconsin has ruled that former American Family Insurance Group workers who claim they were coerced to take lump sum distributions before their normal retirement age cannot sue their employer's defined benefit plans.
November 21, 2007 (PLANSPONSOR.com) - A unit of the U.S. Labor Department says it obtained 16 indictments and five convictions of union officers and employees that have embezzled union funds last month.
November 21, 2007 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) has issued a new statement that requires endowments to report their real estate investments at fair value.
November 21, 2007 (PLANSPONSOR.COM) - The nation's high court has agreed to hear a case involving a California law that bars employers from using state funds to keep their workforce union free.
November 20, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has announced a proposed amendment to an existing class exemption that would expand the categories of assets under the exemption that plans can accept to settle litigation with related parties, if the transaction is otherwise beneficial to the employee benefit plan.
November 20, 2007 (PLANSPONSOR.com) - The Internal Revenue Service has issued Revenue Ruling 2007-71 providing the table of covered compensation for the 2008 year for use in determining contributions to defined benefit plans and permitted disparity.
November 19, 2007 (PLANSPONSOR.com) - The UK's Pensions Regulator has issued a supplementary e-learning module, published as an additional learning tool to help trustees understand the "winding up" process.
Here's an interesting case study from our friends at Reish Luftman Reicher & Cohen: "Recently, a 401(k) plan trustee requested our advice regarding a failure of the plan service provider to allocate participant accounts in the manner described in participant enrollment forms."
November 16, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor announced a settlement requiring Union Labor Life Insurance Co. (ULLICO) of Washington, D.C., to pay back nearly $16.7 million in fees and compensation to benefit plans that invested in a pooled separate account holding plan assets for the benefit of employee benefit plan investors.
November 16, 2007 (PLANSPONSOR.COM) - The federal workplace safety agency has issued a final rule mandating that personal protective equipment (PPE) workers are required to have must be paid for by the employer in nearly all instances.
November 15, 2007 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation's (PBGC) insurance program for single-employer pension plans reported a deficit of $13.1 billion in fiscal year 2007, according to the agency's Annual Management Report submitted to Congress.
November 15, 2007 (PLANSPONSOR.com) - A federal judge in Kentucky has ruled that cash balance plan participants who sued more than five years after receiving lump sum distributions waited to long to go to court.
November 15, 2007 (PLANSPONSOR.com) - To aid plan sponsors in satisfying the requirements of the IRS's proposed regulations for qualified automatic contribution arrangements (QACAs) and eligible automatic contribution arrangements (EACAs), the IRS has published a sample "Automatic Enrollment Notice" for a hypothetical QACA that permits EACA withdrawals on its Web site that satisfies notice requirements under Code sections 401(k)(13) and 414(w).
November 15, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service and the Pension Benefit Guaranty Corp. (PBGC) announced the publication of revisions to the Form 5500 annual return/report for plan year 2009.
November 15, 2007 (PLANSPONSOR.com) - Two former Quaker Oats Co. employees fighting to receive additional pension benefits they say were promised them by Quaker have lost a second legal battle.
November 13, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued out a reminder to low- and moderate-income workers that they may be eligible for a "saver's credit" for their contributions to an IRA or defined contribution savings plan.
November 13, 2007 (PLANSPONSOR.com) - A federal appellate court has thrown out a lower court ruling dismissing a sexual harassment case by a male university official against his female supervisor, saying that the employee may not be able to be blamed for seeking police protection from the supervisor's advances.
November 13, 2007 (PLANSPONSOR.com) - While the Final Regulations on Qualified Default Investment Alternatives (QDIAs) under Participant Directed Individual Account Plans answered many questions posed by commenters after the proposed regulations were issued, more questions are emerging concerning implementation of the rules.
November 12, 2007 (PLANSPONSOR.com) - A measure passed out of the U.S. House of Representatives would extend to 90 days from the current 60 the advance warning of impending layoffs an employer is required to provide.
November 9, 2007 (PLANSPONSOR.com) - A federal judge has cleared the way for a legal battle between a defined benefit plan sponsor and its former investment manager over whether the plan was too heavily invested in certain stocks.