Compliance

Compliance | January 12th, 2011

EBSA Extends Comment Period on Definition of Fiduciary

January 12, 2011 (PLANSPONSOR.com) – In its formal notice of a hearing regarding its proposed changes to the definition of fiduciary, the U.S. Labor Department’s Employee Benefits Security...

Compliance | January 12th, 2011

Medical Supply Consultant President Pleads Guilty to Plan Theft

January 12, 2011 (PLANSPONSOR.com) - James K. Edler, Jr. has been sentenced to 40 months in prison for charges arising from three separate indictments.

Compliance | January 11th, 2011

Health Plan TPA Ruled ERISA Fiduciary

January 11, 2011 (PLANSPONSOR.com) – A third-party administrator committed a fiduciary breach when it paid its expenses with funds supposed to be used for benefit claims in a...

Compliance | January 7th, 2011

U.S. Representative Introduces Bill to Repeal Dodd-Frank

January 7, 2011 (PLANSPONSOR.com) – Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.

Compliance | January 7th, 2011

IRS Declares ESOP not Tax Qualified

January 7, 2011 (PLANSPONSOR.com) – The U.S. Tax Court has upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee...

Compliance | January 7th, 2011

Participants Lose Second Attempt in Medtronic Stock Suit

January 7, 2011 (PLANSPONSOR.com) – After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties...

Compliance | January 7th, 2011

Court Allows Ambac Stock Drop Case to Proceed

January 7, 2011 (PLANSPONSOR.com) – Unlike many of his judicial brethren, a federal judge in New York has rejected claims that plan fiduciaries are effectively immunized against stock...

Compliance | January 6th, 2011

Ryan Calls PPACA a “Fiscal Train Wreck”

January 6, 2010 (PLANSPONSOR.com) – The Congressional Budget Office (CBO) may think repealing health care reform would cost billions, but a prominent Republican says it’s...

Compliance | January 6th, 2011

2010 Form M-1 Now Available

January 6, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor’s Employee Benefits Security Administration says the 2010 Form M-1 annual report for multiple employer welfare...

Compliance | January 6th, 2011

CBO: Repealing Health Care Law Would Increase Federal Deficits

January 6, 2011 (PLANSPONSOR.com) - As a result of changes in direct spending and revenues, the Congressional Budget Office expects that enacting the proposed repeal of the health...

Compliance | January 6th, 2011

Ex-Business Owners on the Hook for Plan Losses

January 6, 2011 (PLANSPONSOR.com) – The former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after...

Compliance | January 5th, 2011

An “Extra” Day for Tax Filing?

January 5, 2010 (PLANSPONSOR.com) – Even though April 15 falls on a Friday this year, the Internal Revenue Service (IRS) says that individual taxpayers will...