IRS Launches Online Search Tool for Tax-Exempts
March 16, 2012 (PLANSPONSOR.com) - The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information...
Compliance
Pension Funding Measure Addresses Low Interest Rates
March 15, 2012 (PLANSPONSOR.com) – The U.S. Senate passed a highway bill that includes a provision for pension relief.
Tips for Preparing for 408(b)(2)
March 15, 2012 (PLANSPONSOR.com) - A webcast by The Spark Institute examined details of the Department of Labor’s (DoL) final 408(b)(2) regulation.
Court Dismisses Claim Against Solis for PPA Provision
March 14, 2012 (PLANSPONSOR.com) – A federal district court dismissed claims by defined benefit plan participants over the removal of an early retirement provision due to the plan’s...
IRS Reminds Small Employers about Health Care Tax Credit
March 13, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) is encouraging small employers that provide health insurance coverage to their employees to check out the small business...
UAW Sues Company for Lost Pension Benefits
March 9, 2012 (PLANSPONSOR.com) – The United Auto Workers (UAW) filed a lawsuit against American Axle and Manufacturing for the loss of pension and other benefits for 100...
IRS Calls for Recommendations for Guidance Priority List
March 8, 2012 (PLANSPONSOR.com) - The Department of Treasury and the Internal Revenue Service invite public comment on recommendations for items that should be included on the 2012-2013...
Court Dismisses Claims of Improper Investment Selection
March 8, 2012 (PLANSPONSOR.com) – A federal court dismissed a 401(k) plan participant’s claims that plan fiduciaries inappropriately selected plan funds and allowed excessive fees.
Settlement Entered in Kraft Excessive Fees Case
March 7, 2012 (PLANSPONSOR.com) – Kraft Foods Global agreed to pay $9.5 million to settle a lawsuit over excessive fees for its 401(k) plan investments.
Fla. Judge Rules Public Employee Pay Cut Unconstitutional
March 7, 2012 (PLANSPONSOR.com) – A Florida Circuit Court judge ruled the decision to cut public employee salaries by...
EBSA to Host VFCP Advanced Workshop
March 6, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting a voluntary fiduciary correction program (VFCP) advanced workshop.
IRS Addresses Agreements to Rehire Retirees
March 5, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) issued a private letter ruling concluding that defined benefit (DB) plan participants who stop working for their employer...
DoL Extends Comment Period for MEWAs Rule
March 1, 2012 (PLANSPONSOR.COM) – The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) announced a two-week extension of the comment period for its proposed rule requiring...
Northern Trust Loses Attempt to Transfer Blame to Pension Boards
February 28, 2012 (PLANSPONSOR.com) – A federal district court dismissed a claim by Northern Trust Company that pension funds’ boards are responsible for losses incurred from participating in...
PBGC Puts Pension Insurance Data Tables Online
February 27, 2012 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) released its 2010 pension insurance data tables.
N.J. Court Finds Public Employee Need not Return Pension Overpayment
February 24, 2012 (PLANSPONSOR.com) – An appellate court in New Jersey found a public worker did not intend to mislead the state and does not need to repay...
Tribune Workers Have Retirement Savings Restored
February 24, 2012 (PLANSPONSOR.com) – The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock...
Payroll Tax Cut Extended, IRS Issues Revised Form
February 23, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut.
Defunct Company Ordered to Restore Retirement Plan Assets
February 23, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners...
Appellate Court Reopens Case Against State Street by GM Participants
February 23, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.