EBSA to Hold Fiduciary Workshop in S.C.
July 5, 2012 (PLANSPONSOR.com) - The Department of Labor’s Employee Benefits Security Administration (EBSA) announced a workshop in South Carolina for retirement plan fiduciaries.
Compliance
EBSA to Host COBRA Workshop in Boise
July 3, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is offering a COBRA workshop in Boise, Idaho.
Caveat Obliges Sponsor in Multi-Employer Plan to Withdrawal Liability
July 3, 2012 (PLANSPONSOR.com) – An employer failed to win its argument that it was exempt from withdrawal liability to a multi-employer pension plan for an operating unit...
Despite Funding Relief, DB Contributions May Stay Above Minimum
July 3, 2012 (PLANSPONSOR.com) - Contribution activity could remain above the minimum requirement despite a bill that gives defined benefit (DB) plan sponsors funding relief, a report contends....
New Rules Affect U.S. Employers with Puerto Rico Employees
June 29, 2012 (PLANSPONSOR.com) – Changes are coming for U.S. employers that provide retirement benefits to employees in Puerto Rico.
Plan Sponsors Should Take Action Following PPACA Ruling
June 28, 2012 (PLANSPONSOR.com) – Although guidance is still needed following the Supreme Court’s decision to uphold the Patient Protection and Affordable Care act (PPACA), plan sponsors should...
Supreme Court Finds PPACA Individual Mandate Constitutional
June 28, 2012 (PLANSPONSOR.com) - The Supreme Court issued its highly-anticipated ruling on President Obama's health reform law, upholding the individual health insurance coverage mandate as permissible under Congress’s...
Supreme Court to Revisit Reimbursement of Benefits Issue
June 28, 2012 (PLANSPONSOR.com) - The U.S. Supreme Court agreed to determine whether an employee benefits plan is subject to equitable limitations when it demands reimbursement of benefits...
GASB Approves New Pension Reporting Standards
June 26, 2012 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) approved two new standards for the accounting and financial reporting of public employee pensions by state and...
DOL Sues LifeCare of Alabama
June 26, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) is suing a private ambulance service and its CEO for allegedly mishandling retirement funds.
IRS Issues Guidance for Extensions of Form 8955-SSA
June 21, 2012 (PLANSPONSOR.com) – Proposed regulations from the Internal Revenue Service (IRS) would add Form 8955-SSA to the list of forms covered by the income tax regulations...
IRS Proposes Anti-Cutback Relief for DB Sponsors in Bankruptcy
June 21, 2012 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has issued proposed regulations that would provide guidance under the anti-cutback rules of section 411(d)(6) of the Internal...
EBSA Offers Compliance Workshop in Florida
June 21, 2012 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefit Security Administration (EBSA) is offering a free workshop in Jacksonville, Florida.
Key Deadline Approaching Under 409A
June 20, 2012 (PLANSPONSOR.com) - The deadline for amending affected deferred compensation arrangements to comply with the Code Section 409A documentation requirements that apply for payments contingent on...
DOL Secures 401(k) Funds from Government Contractor
June 18, 2012 (PLANSPONSOR.com) – The former CEO of a defunct Southern California electrical contractor has agreed to restore more than a half-million dollars in 401(k) funds to...
Public Pension Fund Not Eligible for Bankruptcy Protection
June 18, 2012 (PLANSPONSOR.com) – A federal bankruptcy judge has issued a tentative ruling in favor of dismissing the bankruptcy case of the Northern Mariana Islands Retirement Fund.
Court Finds Custodian Not an ERISA Fiduciary
June 18, 2012 (PLANSPONSOR.com) – A bankruptcy trustee has standing to sue the custodian of 401(k) plan assets from which a plan administrator embezzled, but the custodian is...
Company Erred in Cutting Off Retiree Supplement Payment
June 15, 2012 (PLANSPONSOR.com) – An employer’s benefits committee abused its discretion when it eliminated an early retirement supplemental payment from retirees’ benefits.
Adviser Shares Checklist for 403(b) Fiduciary Best Practices
June 15, 2012 (PLANSPONSOR.com) – At the recent PLANSPONSOR National Conference, an adviser shared fiduciary best practices for 403(b) plans.
403(b) Written Plan Failures and Examinations
June 15, 2012 (PLANSPONSOR.com) - Monika Templeman, Director of Employee Plans Examinations at the Internal Revenue Service (IRS), discussed the temporary guidance the agency has given to examination...