Compliance Archives | Page 273 of 580

Compliance | April 22nd, 2011

Council Finds Misunderstandings about Limited Scope Audits

April 22, 2011 (PLANSPONSOR.com) – The 2010 ERISA Advisory Council studied Employee Benefit Plan Auditing and Financial Reporting Models and found that deficiencies in limited scope audits of...

Compliance | April 22nd, 2011

Council Offers Recommendations for Retirement Plan Audits

April 22, 2011 (PLANSPONSOR.com) – A report from the 2010 ERISA Advisory Council on a study of Employee Benefit Plan Auditing and Financial Reporting Models says the Council...

Compliance | April 21st, 2011

Fiduciaries Showing no Compliance with 404(c) Breached Duties

April 21, 2011 (PLANSPONSOR.com) – A U.S. appeals court has found that where Employee Retirement Income Security Act § 404(c) does not apply, fiduciaries can be liable for...

Compliance | April 21st, 2011

EEOC Ordered to Pay Fees for Company that Prevailed in Lawsuit

April 21, 2011 (PLANSPONSOR.com) - The Equal Employment Opportunity Commission (EEOC) has been sanctioned by a federal court in Michigan and ordered to pay more than $750,000 in...

Compliance | April 21st, 2011

PBGC Takes on Plan of Former Bank Holding Company

April 21, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation will cover the retirement benefits of nearly 2,600 employees and retirees of FBOP Corp. of Oak Park, Illinois.

Compliance | April 20th, 2011

ERIC Urges PBGC to Create Stakeholder Advisory Group

April 20, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) has recommended the Pension Benefit Guaranty Corporation (PBGC) create a stakeholder advisory group.

Compliance | April 19th, 2011

Universities Ask for Pass on Municipal Adviser Registration Rule

April 19, 2011 (PLANSPONSOR.com) - Penn State and other institutions across the state and country are asking the U.S. Securities and Exchange Commission to reconsider new rules they...

Compliance | April 18th, 2011

Georgia Legislature Passes Illegal Immigrant Legislation

April 18, 2011 (PLANSPONSOR.com) - The Georgia state legislature passed immigration reform legislation (HB87) on April 14.

Compliance | April 18th, 2011

Abusive Retirement Plans Make IRS “Dirty Dozen” List

April 18, 2011 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has compiled its annual list of “dirty dozen” tax scams, including “abusive” retirement plans.

Compliance | April 15th, 2011

Obama Signs Repeal of HCR 1099 Reporting Requirement

April 15, 2011 (PLANSPONSOR.com) – President Obama has signed legislation rolling back a Form 1099 tax reporting provision included in last year's health care reform law.

Compliance | April 15th, 2011

States Must Face the Truth about Pensions to Fix Debts

April 15, 2011 (PLANSPONSOR.com) – Witnesses speaking before the U.S. House Committee on Oversight and Government Reform say current pension accounting practices are not giving states a true...

Compliance | April 15th, 2011

Governors Say Pension Reform an Answer to Government Debt

April 15, 2011 (PLANSPONSOR.com) – In a hearing this week before the U.S. House Committee on Oversight and Government Reform, the governors of Vermont and Wisconsin suggested pension...

Compliance | April 15th, 2011

ASPPA Asks for Retirement Plan Exemption from Adviser Rules

April 15, 2011 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) expressed concern over how the application...

Compliance | April 14th, 2011

Court Rules Death Benefits Should Go to Estranged Ex

April 14, 2011 (PLANSPONSOR.com) – A federal court has found a deceased woman’s estranged ex-husband is due her employer-sponsored life insurance benefits.

Compliance | April 14th, 2011

ERIC Suggests Ways DoL Can Reduce Regulatory Burden

April 14, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) has submitted comments to the Department of Labor (DoL) in response to a Request for Information (RFI) on...

Compliance | April 14th, 2011

Administrator Busted for Bogus Retirement Plans Scam

April 14, 2011 (PLANSPONSOR.com) - A federal court has permanently barred William Alexander and his two companies, Retirement Plan Services Inc. and Lyons Pensions Inc., from selling or...

Compliance | April 13th, 2011

Court Finds Wellness Program Incentives not Illegal

April 13, 2011 (PLANSPONSOR.com) – A federal court has dismissed a lawsuit which alleged that financial incentives to participate in a voluntary wellness program as part of a...

Compliance | April 13th, 2011

MN Agency Must Pay for Age Bias in Early Retirement Program

April 13, 2011 (PLANSPONSOR.com) - A federal judge has entered a consent decree requiring the Minnesota Department of Human Services (DHS) to pay $467,165 to resolve an age...

Compliance | April 12th, 2011

New Budget Deal Repeals Health Care Law Provisions

April 12, 2011 (PLANSPONSOR.com) - The last-minute agreement reached last week on funding the government through the end of the fiscal year rolls back two provisions in the...

Compliance | April 12th, 2011

Missouri AG Files Brief in Support of Health Law Challenge

April 12, 2011 (PLANSPONSOR.com) – The now-Democratic Missouri Attorney General has filed a friend-of-the-court brief supporting 26 states’ challenge that the individual mandate in the new health care...