Senate and House Agree on Payroll Tax Cut for 2012
February 16, 2012 (PLANSPONSOR.com) – The U.S. Senate and House of Representatives have agreed on a plan to extend the social security payroll tax cut and expand unemployment...
Compliance
Court Finds 401(k) Loan Payoff Frees Income to Pay Creditors
February 16, 2012 (PLANSPONSOR.com) – A federal appellate court has found income that becomes available to bankrupt debtors after their 401(k) loans are fully repaid is “projected disposable...
Do non-ERISA 403(b) Plan Sponsors Have Fiduciary Responsibilities?
February 15, 2012 (PLANSPONSOR.com) – Do sponsors of 403(b) plans that are not governed by the Employee Retirement Income Security Act (ERISA) have fiduciary responsibilities to the plan...
IRS to Hold Meetings on Change in Governmental Plan Definition
February 14, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) and Department of Treasury announced they will hold town hall and consultation listening meetings across the country.
Obama Budget Limits Some Retirement Savings Tax Breaks
February 14, 2012 (PLANSPONSOR.com) – Initiatives in President Obama’s budget proposal would impact retirement savings for some workers.
DoL Budget Proposal Calls for Enhancement of MEWAs Program
February 14, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor released its FY 2013 proposed budget on Monday.
Court Says Pension Surplus Doesn’t Belong to Participants
February 14, 2012 (PLANSPONSOR.com) - The disposition of a $43.3-million pension surplus for Manitoba Telecom Services has been the subject of a 14-year legal dispute.
Employer Breached ERISA by Failing to Make Rollover Distribution
February 13, 2012 (PLANSPONSOR.com) – An employer breached his fiduciary duties under the Employee Retirement Income...
Religious Employers not Required to Provide Contraception Coverage
February 10, 2012 (PLANSPONSOR.com) – President Barack Obama announced that religious organizations will not be required to provide free contraception to their employees through their health insurance plans.
EBSA Releases Final Summary of Benefits PPACA Regulations
February 9, 2012 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration (EBSA) released the final regulations under...
DoL Files Lawsuit Against Company for 401(k) Fraud Scheme
February 9, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) filed a lawsuit against Dynasty Construction Inc. and its...
TSP Releases Draft Rules for Roth Option
February 8, 2012 (PLANSPONSOR.com) – The Federal Retirement Thrift Investment Board published a draft of rules on the implementation of a Roth 401(k) option to the Thrift Savings...
DoL Sues Company for Failure to Remit Contributions
February 7, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC...
Plan Sponsors Must be Aware of Changes In 408(b)(2) Final Rule
February 6, 2012 (PLANSPONSOR.com) – Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it...
Court Finds Decision to Spin Off is Unrelated to Benefits
February 6, 2012 (PLANSPONSOR.com) – A ruling that Abbot Laboratories' decision to spin off its hospital division was not motivated by pension benefits has been upheld by a...
Change in Governmental Plan Definition to Affect Charter Schools
February 7, 2012 (PLANSPONSOR.com) - The National Alliance for Public Charter Schools estimates more than 90,000 charter school employees will be impacted by the Internal Revenue Service’s proposal...
Industry Players Mostly Pleased with Final Rule on 408(b)(2)
February 3, 2012 (PLANSPONSOR.com) – Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.
IRS Issues Interim Report about 401(k) Compliance Questionnaire
February 3, 2012 (PLANSPONSOR.com) – The Internal Revenue Service’s (IRS) interim report of responses from its 401(k) Compliance Check Questionnaire offers a view of the 401(k) plan design...
PBGC Director Explains Retirement Security Challenges
February 3, 2012 (PLANSPONSOR.com) - Josh Gotbaum, director of the Pension Benefit Guaranty Corporation (PBGC), told a House subcommittee Thursday that the combination of living longer, the economy,...
PBGC Director Explains Retirement Security Challenges
February 3, 2012 (PLANSPONSOR.com) - Josh Gotbaum, director of the Pension Benefit Guaranty Corporation (PBGC), told a House subcommittee Thursday that the combination of living longer, the economy,...