Lincoln Allowed ‘Causation’ Defense in Stock Drop Matter
February 14 2011 (PLANSPONSOR.com) – A federal judge in Pennsylvania has ruled that Lincoln National Corp. can use as a defense in a stock drop case that its...
Compliance
EBSA Releases New Batch of ERISA Advisory Opinions
February 14, 2011 (PLANSPONSOR.com) – Federal regulators have issued a series of new advisory opinions from correspondents asking for interpretations of the Employee Retirement Income Security Act...
Newly Introduced Bill Would Repeal Limits on FSAs, HSAs
February 11, 2011 (PLANSPONSOR.com) - U.S. Senator Kay Bailey Hutchison (R-Texas) has introduced The Patients’ Freedom to Choose Act, a bill that would repeal two provisions in the...
Court Gives Final Approval in RadioShack Fiduciary Breach Case
February 11, 2011 (PLANSPONSOR.com) – A federal judge in Texas has given final approval to a $2.4-million settlement of a class-action suit alleging RadioShack used Putnam mutual funds...
Cycle A Determination Application Period Open to Controlled Groups
February 11, 2011 (PLANSPONSOR.com) - The 12-month on-cycle submission period for Cycle A determination letter applications and opinion and advisory letter applications for most pre-approved plans started on...
EBSA Sets New 408(b)(2) Deadline for January 2012
February 11, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has delayed by six months the applicability date of its new 408(b)(2) fee...
IRS Fees Cut for Some EGTRRA Plan Document Filing
February 11, 2011 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has announced that sponsors applying to its Voluntary Correction Program (VCP) to correct the failure of not adopting...
DoL Seeks $1M from Houston Oil Companies for Disputed OT Payments
February 11, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has announced the filing of a lawsuit alleging two Houston companies failed to pay more than $1...
Lactation Supplies Considered Medical Expenses
February 11, 2011 (PLANSPONSOR.com) – Payments for breast pumps and supplies helping lactation are now considered medical care, the Internal Revenue Service (IRS) has announced.
Public Pension Transparency Bill Reintroduced in the House
February 11, 2011 (PLANSPONSOR.com) - U.S. Representative Devin Nunes (R-California) and Senator Richard Burr (R-North Carolina) announced the reintroduction of the Public Employee Pension Transparency Act in the...
Another Health Care Reform Challenge to Get Expedited Review
February 10, 2011 (PLANSPONSOR.com) – A challenge to the health care reform law by a Michigan-based Christian advocacy group will get accelerated review in a U.S. appeals court.
DoL Obtains Restitution for Arkion Life Sciences 401(k) Plan
February 10, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained a consent judgment ordering Arkion Life Sciences LLC and its corporate officers to restore $193,795 in...
PBGC Gets Pension Funding from Peterbilt Parent
February 9, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation has reached an agreement with PACCAR Inc. that strengthens a pension plan covering more than 1,200 retirees and...
DoL Started Attorney Referral System for FLSA Claims
February 7, 2011 (PLANSPONSOR.com) - Beginning on December 13, 2010, when Fair Labor Standards Act or Family and Medical Leave Act complainants are informed that the Wage and...
State AGs Back HCR in Appellate Court Brief
February 7, 2011 (PLANSPONSOR.com) – Nine state attorneys general have filed a friend of the court brief backing the controversial health statute.
Retirement Income Disclosure Bill Makes a Comeback
February 4, 2011 (PLANSPONSOR.com) – With a growing interest in the subjects of retirement income and transparency, bipartisan legislation to provide more disclosure about retirement...
Congressional Quartet Backs DoL Fiduciary Proposal
February 4, 2011 (PLANSPONSOR.com) – A quartet of key Democratic legislators has weighed in on the proposed redefinition of “fiduciary.”
DOJ Opposing HCR Reform Challenge Expedited Review Request
February 4, 2011 (PLANSPONSOR.com) – The U.S. Justice Department will oppose a request by Virginia Attorney General Ken T. Cuccinelli to have the U.S. Supreme Court hear health...
HELP Panel Witnesses Back Auto Features, More Education
February 3, 2011 (PLANSPONSOR.com) – Witnesses appearing Thursday before the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) told lawmakers that while the retirement income sufficiency...
SIFMA Asks DoL to Reconsider Fiduciary Definition Change
February 3, 2011 (PLANSPONSOR.com) - The Securities Industry and Financial Markets Association (SIFMA) has asked the Department of Labor (DoL) to reconsider its proposed rule that would redefine...