Boilermakers Pension Under Investigation
May 14, 2012 (PLANSPONSOR.com) – A grand jury is investigating complaints against the International Brotherhood of Boilermakers’ pension and benefits plans.
Compliance
PBGC Takes New York Law Firm Pensions
May 11, 2012 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) will take responsibility for pension plans sponsored by Dewey & LeBoeuf LLP, a law firm based in...
Fee Disclosure Guidance Provides 403(b)s Comfort
May 11, 2012 (PLANSPONSOR (b)lines) – Recent fee disclosure guidance addresses some unanswered questions for 403(b) plans.
Former Detroit Officials Solicited Gifts from Investment Manager
May 9, 2012 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) charged former top Detroit officials in an influence peddling scheme.
EBSA Hosts Fiduciary Seminars in Boston and NYC
May 9, 2012 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration (EBSA) scheduled two “Getting it Right: Know Your Fiduciary Responsibilities” seminars.
ASPPA Submits Recommendations for Lifetime Income Proposals
May 8, 2012 (PLANSPONSOR.com) – In a comment letter to the Internal Revenue Service (IRS), the American Society of Pension Professionals & Actuaries (ASPPA) applauded the agency’s efforts...
DOL Issues Additional Guidance for Participant Fee Disclosures
May 7, 2012 (PLANSPONSOR.com) - The Department of Labor’s Employee Benefits Security Administration (EBSA) issued frequently asked questions about the requirements of new participant fee disclosure rules.
Former Executive of Plan Administrator Allegedly Stole $8M
May 4, 2012 (PLANSPONSOR.com) - A former executive and part owner of an Illinois pension plan administrator was indicted for allegedly defrauding...
ERIC Suggests Changes to Lifetime Income Proposals
May 4, 2012 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) says it welcomes proposals by the U.S. Treasury Department to remove regulatory barriers to lifetime income options.
Groups Suggest Changes to Proposal Encouraging Partial Annuities
May 3, 2012 (PLANSPONSOR.com) – Two pension groups have proposed changes to the Internal Revenue Service’s proposal to encourage partial benefit payments for defined benefit (DB) plan participants.
Japanese Company May Be Liable for Terminated U.S. Pension
May 3, 2012 (PLANSPONSOR.com) – A Japanese company that acquired the now-defunct Metaldyne Corporation may be found liable for termination premiums for Metaldyne’s pension plan.
Covering Non-Profits under State Plan Changes Governmental Status
May 2, 2012 (PLANSPONSOR.com) – Covering employees of non-profit organizations would affect the status of Connecticut’s health plan for public employees, according to the Department of Labor (DOL).
DOL Hosts Fiduciary Responsibilities Seminar in Dallas
May 2, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) is hosting a “Getting It Right – Know Your Fiduciary Responsibilities” seminar in Dallas on May 22.
PBGC Reaches Settlement of Pension Debt with Bendix
May 2, 2012 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) reached a settlement with Bendix Commercial Vehicle Systems LLC.
Employer Cannot Use ERISA to Stop Deferred Compensation Benefits
May 2, 2012 (PLANSPONSOR.com) – An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments under a deferred compensation agreement.
Groups Seek Grace Period for Fee Disclosure Regulations
May 1, 2012 (PLANSPONSOR.com) - A coalition of organizations asked the Department of Labor (DOL) to institute a one-year transition period to comply with new fee disclosure regulations.
ABG Wants Clarity for Advisers about Participant Fee Disclosure
May 1, 2012 (PLANSPONSOR.com) - Alliance Benefit Group (ABG) asked the Department of Labor to clarify certain aspects of the participant fee disclosure regulations that go into effect...
IRS Announces Limitations for Annual HSA Contributions
April 27, 2012 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) issued the 2013 inflation adjusted deduction limitations for annual contributions made to a health savings account (HSA) under...
IRS Requests Comments on Health Care Reform Provisions
April 26, 2012 (PLANSPONSOR.com) – The Internal Revenue Service issued three notices inviting comments on certain provisions of health care law.
Cellular Company Owner Accused of Misusing ESOP
April 25, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants in the Parrot Cellular Employee Stock Ownership Plan...