NLRB Proposes Workplace Notice Rule
December 23, 2010 (PLANSPONSOR.com) – The National Labor Relations Board (NLRB) has proposed a rule requiring employers to display a workplace notice informing employees of their rights to...
Compliance
IRS Offers Deduction Guidance on Payments to Insurance Providers by Highly Compensated
December 22, 2010 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has provided guidance on how to apply a section of the tax code that limits...
IRS Pushes Back PPACA Nondiscrimination Compliance Date
December 22, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has published a notice pushing back the timing for compliance with certain nondiscrimination requirements of...
Employer Hit with $6K ERISA Fine
December 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has levied a $5,880 fine against an Illinois health care company for its delay in furnishing a summary...
EBSA Sets 2011 Hearing on Fiduciary Definition Change
December 22, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a March 2011 hearing on a proposed rule changing the scope...
MA Announces 2011 Health Coverage Penalties
December 21, 2010 (PLANSPONSOR.com) – The Massachusetts Department of Revenue (DoR) has posted the proposed 2011 penalty schedule for those who are able to afford the purchase of health insurance...
HHS Releases Insurance Rate Review Proposal
December 21, 2010 (PLANSPONSOR.com) – Federal regulators on Tuesday proposed rules requiring insurers to publicly justify “unreasonable” rate increases starting in 2011.
9th Circuit Clears NEA in Annuity Sales Flap
December 21, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that the National Education Association (NEA) cannot be held liable for a fiduciary breach because of its...
Court Approves $8.5M Settlement for Schering-Plough Participants
December 21, 2010 (PLANSPONSOR.com) – A federal judge has given final approval to an $8.5 million settlement of a long-running stop drop lawsuit.
OK Lawmakers Form Two Pension Study Panels
December 20, 2010 (PLANSPONSOR.com) – Oklahoma state lawmakers have formed two study panels to come up with ways to deal with the state’s $16-billion pension shortfall.
What the Tax Relief Bill Means for You
December 20, 2010 (PLANSPONSOR.com) – While much of the public discussion focused on the expiration of the so-called Bush era tax cuts, the newly signed tax...
IRS Publishes Guidance on DB Funding Relief
December 20, 2010 (PLANSPONSOR.com) - The Internal Revenue Service has published guidance on the special rules on funding relief for single-employer defined benefit plans.
IRS to Hold In-Plan Roth Rollover Phone Forum
December 17, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has announced plans for a telephone forum to discuss recent guidance on in-plan Roth rollovers for...
IRS Releases Pay Withholding Change Guidance
December 17, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding...
IRS Again Delays Rules on Qualified Transportation Fringes
December 16, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has again delayed the effective date of guidance to employers on the use of smartcards, debit or credit cards,...
IRS Allows for Commingling of Retirement Assets in Group Trusts
December 16, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has issued Revenue Ruling 2011-01, modifying the rules for group trusts.
Actuary Group Reinforces Call for Consistent Pension Disclosures
December 16, 2010 (PLANSPONSOR.com) – While not taking a position on a recent bill requiring additional disclosures from public pension funds, the American Academy of Actuaries used the...
IRS Multi-Employer Funding Guidance not Perfect but Still Useful
December 15, 2010 (PLANSPONSOR.com) – In-depth guidance from the Internal Revenue Service (IRS) released over the Thanksgiving Day weekend about the Pension Relief Act (PRA) “stop(ped) short on...
BLS to Offer Guide for HR Data
December 15, 2010 (PLANSPONSOR.com) - The U.S. Bureau of Labor Statistics (BLS) will soon be releasing "Zooming in on Compensation Data - A guide to BLS data for...
Judge Rules for FedEx in Worker Classification Suits
December 15, 2010 (PLANSPONSOR.com) – A federal judge has found that FedEx drivers in a nationwide series of lawsuits claiming the company treats them as employees and owes...