Early Retiree Reinsurance Program to End
April 1, 2011 (PLANSPONSOR.com) - The Centers for Medicare & Medicaid Services (CMS) announced that, due to the overwhelming response, the Early Retiree Reinsurance Program will no longer...
Compliance
New FAQ Focuses on Grandfathered Status
April 1, 2011 (PLANSPONSOR.com) – The Employee Benefits Security Administration (EBSA) has issued its sixth set of answers to “frequently asked questions” (FAQs) about the...
ERISA Class Exemption Change for INHAMs Released
March 31, 2011 (PLANSPONSOR.com) – Federal regulators have released a final amendment to Prohibited Transaction Exemption 96-23 that broadens the transactions allowed for employee benefit plans whose assets...
AR Legislators Approve Elimination of Adult Child Coverage State Tax
March 31, 2011 (PLANSPONSOR.com) - The Arkansas Legislature has approved a bill allowing employers to extend health care coverage to employees' adult children without employees being taxed on...
Court Dismisses Pension Funds’ Lawsuit against Freddie Mac
March 31, 2011 (PLANSPONSOR.com) – The U.S. District Court for the Southern District of New York has dismissed a lawsuit filed by a group of pension funds against...
Northrop Grumman Plaintiffs Win Class Certification
March 30, 2011 (PLANSPONSOR.com) – A federal judge in California has certified as a class plaintiffs suing Northrop Grumman Corporation in an excessive 401(k) plan fee case.
COBRA Workshop to be Held in Chicago
March 30, 2011 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration is offering a workshop on COBRA and HIPAA compliance.
DoL Announces ERISA Responsibilities Workshop
March 30, 2011 (PLANSPONSOR.com) - The Department of Labor’s Employee Benefits Security Administration (EBSA) is offering an “Understanding Your Responsibilities Under ERISA” workshop.
PRIAC, SSgA Lawsuit to Move Forward
March 30, 2011 (PLANSPONSOR.com) – The long-running legal battle between Prudential Retirement Insurance and Annuity Co. (PRIAC) and State Street Bank and Trust Co. over State Street’s stewardship...
IRS Issues W-2 Health Cost Reporting Guidance
March 29, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has issued interim employer guidance about reporting on employees’ W-2 the cost of the health insurance coverage they sponsor...
Supreme Court Hears Arguments in Giant Wal-Mart Bias Case
March 29, 2011 (PLANSPONSOR.com) – The U.S. Supreme Court on Tuesday began hearing arguments in a class action gender bias suit against Wal-Mart that could involve up to...
Breach Claims against Investment Consultants Allowed to Proceed
March 29, 2011 (PLANSPONSOR.com) – The trustees of a Nevada supply company’s 401(k) plan can proceed with their suit that alleges a plan consultant committed a fiduciary breach...
High Court to Review EEOC Case for Church School Employee
March 29, 2011 (PLANSPONSOR.com) – The U.S. Supreme Court has agreed to review a case in which a teacher at a church-run school claims she was discriminated against...
Sister’s Bid for Plan Account Payout Tossed by Judge
March 29, 2011 (PLANSPONSOR.com) – A federal judge in Connecticut has rebuffed efforts by the sister of a deceased plan participant to get a payout of her...
Court Moves Forward Retirees’ Case for Lifetime Benefits
March 29, 2011 (PLANSPONSOR.com) – In a case it had originally dismissed, a federal district court has now ruled that a trial is in order to determine if...
Stock-Drop Case against UBS Tossed
March 29, 2011 (PLANSPONSOR.com) – A federal judge in New York has thrown out a stock-drop lawsuit against UBS AG and UBS Financial Services Inc.
AL Retirement Program for Older Public Workers Repealed
March 29, 2011 (PLANSPONSOR.com) – Alabama Governor Robert Bentley has signed a bill killing the state’s Deferred Retirement Option Program (DROP).
403(b) Errors Ineligible for IRS Voluntary Correction Program
March 29, 2011 (PLANSPONSOR.com) – The Internal Revenue Service said recently, it has received several Voluntary Correction Program submissions for 403(b) retirement plan failures that are currently ineligible...
Fiduciary Definition Change Comment Period Set to Close April 12
March 28, 2011 (PLANSPONSOR.com) – Federal regulators have announced that the deadline for public comment about whether the term “fiduciary” should be expanded has now been set for...
Dental Benefits Provider Pleads Guilty to Fraud
March 28, 2011 (PLANSPONSOR.com) - Jonathan Hogge of Munster, Indiana, was sentenced to 84 months’ imprisonment and ordered to pay $254,425.57 in restitution following pleading guilty to one...