Court Says Health Care Law Won’t Interfere with Religious Beliefs
February 23, 2011 (PLANSPONSOR.com) – A federal judge has dismissed a lawsuit by a group of individuals who claim the mandate in the new health reform law to...
Compliance
IRS Provides Guidance on 403(b) Plan Terminations
February 22, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has provided guidance clarifying how the section 403(b) plan termination provisions apply.
North Dakota Pension Proposal Falls Short
February 22, 2011 (PLANSPONSOR.com) – A proposal that would have closed its state pension fund to new workers fell short by a single vote in...
ASPPA Again Requests Audit Relief for 403(b)s
February 22, 2011 (PLANSPONSOR.com) - ASPPA and the National Tax Sheltered Accounts Association (NTSAA), a division within ASPPA made up of 403(b) plan professionals, have renewed their appeal...
ERIC Argues Stock Drop Dismissal Should Stand on Appeal
February 18, 2011 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) has urged a federal appellate court not to disturb a lower court decision throwing out a stock drop...
DoL Releases Fiduciary Definition Hearing Agenda
February 18, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has released a meeting agenda for its public hearing on a proposal to redefine the definition of...
Senate Passes Repeal of HCR 1099 Rule
February 18, 2011 (PLANPSONSOR.com) - The U.S. Senate has approved legislation that would repeal the health care reform law requirement that employers furnish 1099 statements whenever they do...
PBGC Takes on Relizon Company Pension
February 18, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) is stepping in to protect the underfunded pension plan covering nearly 2,500 employees and retirees of The...
Alaska’s Parnell Says ‘No Thanks” to Federal Health Insurance Exchange $$
February 18, 2011 (PLANSPONSOR.com) – Alaska Governor Sean Parnell has announced that Alaska will not apply for federal grants to implement health insurance exchanges.
Judge Declares Plan Trustees Liable for Nearly $1M in Diverted Funds
February 17, 2011 (PLANSPONSOR.com) – A federal judge in Connecticut has ruled that both trustees of the James T. Farrell III Money Purchase Pension Plan are liable to...
House Panel OKs 1099 Rule Repeal
February 17, 2011 (PLANSPONSOR.com) – The U.S. House Ways and Means committee on Thursday approved two separate pieces of legislation to repeal the Form 1099 reporting provisions enacted...
DoL Investigating Missing Contributions to Health Clinic 403(b)
February 15, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has opened an inquiry into the employee retirement plan of a taxpayer-funded mental health clinic in Baltimore.
White House Proposes Risk-Based PBGC Premiums
February 14, 2011 (PLANSPONSOR.com) – The White House’s latest budget blueprint released Monday calls for pension insurance premiums charged by the Pension Benefit Guaranty Corp. (PBGC) to go...
Court Rejects Immune Deficiency as ADA Protected
February 14, 2011 (PLANSPONSOR.com) – A federal judge in New York has turned away arguments by a former senior hedge fund analyst that the type of immune deficiency...
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...
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...