IRS Issues Guidance About Annuities in Retirement Plans
February 2, 2012 (PLANSPONSOR.com) – The Internal Revenue Service issued two pieces of guidance to clarify how certain rules apply when a retirement plan offers an annuity to...
Compliance
Treasury Proposals Pave Way for Offering Lifetime Income Options
February 2, 2012 (PLANSPONSOR.com) – The U.S. Treasury Department announced proposals designed to reduce regulatory burdens and make it easier for retirees to choose to receive their benefits as...
Los Angeles Files Lawsuit Against Northern Trust for Pension Loss
February 2, 2012 (PLANSPONSOR.com) – Los Angeles City Attorney Carmen A. Trutanich filed a multimillion-dollar lawsuit against Northern Trust, alleging the company squandered city pension assets by placing...
DoL Issues Final Rule on Fee Disclosure
February 2, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday.
IRS Provides Guidance on HSAs for Users of Indian Health Service
February 1, 2012 (PLANSPONSOR.com) – The Internal Revenue Service issued guidance about whether individuals who are eligible for services at an Indian Health Services (IHS) facility are also...
States Again Ask High Court to Uphold Health Care Law
January 30, 2012 (PLANSPONSOR.com) – Eleven state attorneys general have again filed a brief in the U.S. Supreme Court in...
ERISA Claim Based on Wal-Mart Gender Discrimination Dismissed
January 26, 2012 (PLANSPONSOR.com) – A federal court dismissed a claim that Wal-Mart Stores breached its fiduciary duties in underpaying retirement plan contributions based on wages that were...
Court Finds No Proof of Benefits Interference by Duke Energy
January 26, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals has found no proof that Duke Energy interfered with the early retirement benefits of a laid...
Groups Ask IRS not to Abandon 403(b) Prototype Program
January 23, 2012 (PLANSPONSOR.com) – Industry groups sent a comment letter to the Internal Revenue Service to support the inclusion of 403(b) plans in the prototype program for...
Religious Employers Given More Time for Contraception Rule
January 20, 2012 (PLANSPONSOR.com) – The Obama administration is giving certain religious employers more time to comply with a health insurance contraception rule.
Repeal of Long-Term Care Provision of Health Reform Heads to House
January 19, 2012 (PLANSPONSOR.com) - The House Ways and Means Committee voted to repeal a voluntary long-term care insurance program.
Repeal of Long-Term Care Provision of Health Reform Heads to House
January 19, 2012 (PLANSPONSOR.com) - The House Ways and Means Committee voted to repeal a voluntary long-term care insurance program.
Plan Must Restore Misplaced Assets Although not Recovered
January 17, 2012 (PLANSPONSOR.com) – A federal appellate court has found that a profit sharing plan must pay back over $1 million in assets wrongly transferred from a...
Best Practices for 403(b)s Subject to Fee Disclosure Rules
January 17, 2011 (PLANSPONSOR.com) – During a workshop at the National Tax-Sheltered Accounts Association (NTSAA) latest 403(b) Compliance Resolution Summit, industry representatives identified fee disclosure issues unique to...
States File Brief in Support of Health Reform Law
January 17, 2011 (PLANSPONSOR.com) – California Attorney General Kamala D. Harris has filed a friend-of-the-court brief in the U.S. Supreme Court supporting the constitutionality of federal health care...
High Court Finds Ministerial Exception to Bias by Church Employer
January 17, 2011 (PLANSPONSOR.com) – The U.S. Supreme Court has ruled that a teacher fired by a church-run school is barred from suing the church for discrimination.
HHS Deems Rate Hikes in Five States “Unreasonable”
January 13, 2012 (PLANSPONSOR.com) - Health insurance premium increases in five states have been deemed “unreasonable” by the U.S. Department of Health and Human Services, HHS Secretary Kathleen...
EBSA Announces Voluntary Correction Program Events
January 13, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.
EBSA Publishes 2011 Form M-1 for MEWAs
January 13, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration released the 2011 Form M-1 annual report for multiple employer welfare arrangements (MEWAs).
IRS Answers New Question About Form 8955-SSA
January 11, 2012 (PLANSPONSOR.com) – A new FAQ from the Internal Revenue Service addresses when a plan administrator may answer “yes” to Question 8 on the new Form...