Appellate Court Sends Back Kraft Fee Case
April 11, 2011 (PLANSPONSOR.com) – A federal appellate court has thrown out a lower court’s decision in favor of an excessive retirement plan fee lawsuit and sent the...
Compliance
ASPPA Recommends Form 5500 Exclusion of Pre-2009 Contracts
April 8, 2011 (PLANSPONSOR.com) - The American Society of Pension Professionals and Actuaries (ASPPA) recommends that the Department of Labor (DoL) issue regulatory guidance to allow 403(b) contracts...
Court Approves Comp Used to Determine Benefits
April 8, 2011 (PLANSPONSOR.com) – A federal appellate court has ruled that a University medical center used the correct compensation for determining retirement plan benefits due employees, even...
SC Lawmakers Approve Adult Child Coverage Tax Law
April 7, 2011 (PLANSPONSOR.com) – South Carolina legislators have joined other state lawmakers in passing legislation to exempt employees’ adult child health coverage from state taxes.
Court Finds no Bias in Wal-Mart Firing of Anti-Gay Employee
April 6, 2011 (PLANSPONSOR.com) – A federal appellate court has found that the firing of a Wal-Mart employee who chastised a co-worker for being lesbian was not religious...
DoL Seeks Comments on Electronic Disclosure
April 6, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor is soliciting public comments to assist in determining whether and possibly how to expand or modify current rules...
Repeal of HCR 1099 Reporting Requirement Goes to President
April 6, 2011 (PLANSPONSOR.com) - The U.S. Senate has voted to rescind the Form 1099 tax reporting provision included in last year's health care reform law.
9th Circuit Revives Iranian’s Bias Lawsuit against Raytheon
April 5, 2011 (PLANSPONSOR.com) – The 9th U.S. Circuit Court of Appeals has revived a discrimination lawsuit against Raytheon company.
PBGC Asks for Ideas on Regulatory Changes
April 4, 2011 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation is asking for help in identifying regulations for possible modification, streamlining, or repeal.
Court Won't Hit Participants for ERISA Lawyers’ Fees
April 4, 2011 (PLANSPONSOR.com) – A federal judge in Colorado has turned aside an employer’s demand that its lawyers be paid $1.5 million in fees for litigating a...
Court Decides More Facts Needed in Stock Drop Suit
April 4, 2011 (PLANSPONSOR.com) – The U.S. District Court for the District of Maryland has ruled that the presumption of prudence is not enough to dismiss claims a...
Bank Wins Dismissal of Company Stock Suit
April 4, 2011 (PLANSPONSOR.com) – Another court has used the “presumption of prudence” standard to rule for the employer in a case where participants allege a breach of...
New Cash Balance Claims Filed Too Late
April 4, 2011 (PLANSPONSOR.com) – A federal judge in Kentucky has ruled that cash balance plan participants waited too long before filing amended legal claims challenging their plan's...
House to Consider Bill Limiting FSA, HSA Abortion Reimbursements
April 1, 2011 (PLANSPONSOR.com) – A House committee has approved a bill under which employees no longer could receive tax-free reimbursement from their flexible spending accounts or health...
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...
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.