Court Rejects 404(c) Defense in Certifying Stock Drop Suit Class
May 6, 2011 (PLANSPONSOR.com) – A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a...
Compliance
DE Governor Signs Pension Reform
May 5, 2011 (PLANSPONSOR.com) – Delaware Governor Jack Markell has signed legislation designed to reign in state retiree pension and health care costs.
Uninsured Can Move Forward in HCR Challenge
May 5, 2011 (PLANSPONSOR.com) – A federal court has moved forward claims of uninsured plaintiffs in a challenge to the federal health care reform law, while saying the...
Plan Participants Denied Share of Motorola Securities Suit Settlement
May 5, 2011 (PLANSPONSOR.com) – Motorola 401(k) Profit-Sharing Plan participants are excluded from the class specified in a securities lawsuit brought against the company, and so they cannot...
Pension Funds Sue Washington Post
May 3, 2011 (PLANSPONSOR.com) – The Iron Workers Local No. 25 Pension Fund has been named lead plaintiff in a class action suit claiming losses due to misleading...
Regulators Seek Employer Input on PPACA Provisions
May 3, 2011 (PLANSPONSOR.com) - The Treasury Department and Internal Revenue Service have requested public comment on issues relating to the shared responsibility provisions included in the Affordable...
Settlement Reached in PFF Bancorp Suit
May 2, 2011 (PLANSPONSOR.com) - A court has approved a $3 million settlement of a case accusing PFF Bancorp Inc of continuing to purchase and invest in company...
Court Finds Disability Denial Appeal Is Untimely
May 2, 2011 (PLANSPONSOR.com) – A federal appellate court has dismissed a claim by an employee who was denied disability benefits because her appeal of the denial was...
Finistar Options Backdating Suit Reinstated
May 2, 2011 (PLANSPONSOR.com) – The 9th U.S. Circuit Court of Appeals has reinstated a lawsuit brought by Finistar shareholders alleging stock options backdating.
Court Says Spouse Trumps Beneficiary Designation of Children
May 2, 2011 (PLANSPONSOR.com) – A federal court has granted retirement plan benefits of a deceased participant to his spouse, even though he had listed his children as...
ERIC Outlines Suggestions for Reducing Regulatory Burdens
April 29, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) urged the Treasury Department to be more responsive to easing the regulatory burden on sponsors...
ASPPA Recommends Streamlined Participant Communications
April 29, 2011 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) has recommended that the Treasury Department simplify the required employee communication items for retirement...
Law Firm Discusses Common 409A Errors
April 29, 2011 (PLANSPONSOR.com) – In the April 2011 edition of the Trucker Huss Benefits Report, attorneys from the firm list some common Internal Revenue Code Section 409A...
IRS Starts Higher Ed 403(b) Compliance Check
April 29, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has begun its 403(b) Universal Availability Higher Education Project.
Pot Using Employee Granted Workers’ Comp
April 28, 2011 (PLANSPONSOR.com) – The Montana Supreme Court has ruled that a bear park employee’s marijuana use was not a contributing factor to him being injured on...
OSHA to Crack Down on Employee Texting and Driving
April 27, 2011 (PLANSPONSOR.com) – The Occupational Safety and Health Administration (OSHA) has launched its “Distracted Driving Initiative.”
Court Denies Mother’s Claim to Deceased Son’s Benefits
April 27, 2011 (PLANSPONSOR.com) – A federal court has upheld an employer’s decision to grant death benefits to the beneficiary designated by a former employee, though his mother...
Pension Plan Participant Sues over Alternative Investments
April 27, 2011 (PLANSPONSOR.com) – A recently filed lawsuit claims that Weyerhaeuser Company, its investment managers, and other fiduciaries to its pension plans breached their fiduciary duties by...
Uncle Sam Retiring Social Security…Checks
April 26, 2011 (PLANSPONSOR.com) - The U.S. Department of the Treasury is retiring the paper Social Security check for millions of baby boomers and others...
DoL Urges 6th Circuit to Reverse Ruling in Stock Drop Case
April 26, 2011 (PLANSPONSOR.com) – In an amicus brief, the U.S. Department of Labor has asked the 6th U.S. Circuit Court of Appeals to reverse a federal district...