Sooner State Takes on PPACA Individual Mandate – Alone
January 14, 2011 (PLANSPONSOR.com) – With a change in state leadership, the Sooner State has announced its intention to challenge the constitutionality of the federal...
Compliance
Buckeye State to Buck Health Care Legislation
January 14, 2011 (PLANSPONSOR.com) - Ohio Attorney General Mike DeWine has officially authorized action seeking to add Ohio to the growing roster of states challenging...
ASPPA Suggests Additional Target-Date Fund Disclosures
January 14, 2011 (PLANSPONSOR.com) – In its comments on proposed target-date fund disclosure regulations, the American Society of Pension Professionals and Actuaries (ASPPA) and the National Association of Independent...
Industry Group Says Hybrid Plan Rules Should Encourage Plan Creation
January 13, 2011 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) has submitted to the Treasury Department and Internal Revenue Service (IRS) a series of six comment letters on...
SPARK Calls for Simplification of Target-Date Disclosure Rules
January 13, 2011 (PLANSPONSOR.com) – In a letter to the Employee Benefits Security Administration (EBSA), the SPARK Institute expressed concern that some of the proposed target-date fund disclosures...
EBSA Extends Comment Period on Definition of Fiduciary
January 12, 2011 (PLANSPONSOR.com) – In its formal notice of a hearing regarding its proposed changes to the definition of fiduciary, the U.S. Labor Department’s Employee Benefits Security...
Medical Supply Consultant President Pleads Guilty to Plan Theft
January 12, 2011 (PLANSPONSOR.com) - James K. Edler, Jr. has been sentenced to 40 months in prison for charges arising from three separate indictments.
Health Plan TPA Ruled ERISA Fiduciary
January 11, 2011 (PLANSPONSOR.com) – A third-party administrator committed a fiduciary breach when it paid its expenses with funds supposed to be used for benefit claims in a...
U.S. Representative Introduces Bill to Repeal Dodd-Frank
January 7, 2011 (PLANSPONSOR.com) – Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.
IRS Declares ESOP not Tax Qualified
January 7, 2011 (PLANSPONSOR.com) – The U.S. Tax Court has upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee...
Participants Lose Second Attempt in Medtronic Stock Suit
January 7, 2011 (PLANSPONSOR.com) – After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties...
Court Allows Ambac Stock Drop Case to Proceed
January 7, 2011 (PLANSPONSOR.com) – Unlike many of his judicial brethren, a federal judge in New York has rejected claims that plan fiduciaries are effectively immunized against stock...
Ryan Calls PPACA a “Fiscal Train Wreck”
January 6, 2010 (PLANSPONSOR.com) – The Congressional Budget Office (CBO) may think repealing health care reform would cost billions, but a prominent Republican says it’s...
2010 Form M-1 Now Available
January 6, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor’s Employee Benefits Security Administration says the 2010 Form M-1 annual report for multiple employer welfare...
CBO: Repealing Health Care Law Would Increase Federal Deficits
January 6, 2011 (PLANSPONSOR.com) - As a result of changes in direct spending and revenues, the Congressional Budget Office expects that enacting the proposed repeal of the health...
Ex-Business Owners on the Hook for Plan Losses
January 6, 2011 (PLANSPONSOR.com) – The former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after...
An “Extra” Day for Tax Filing?
January 5, 2010 (PLANSPONSOR.com) – Even though April 15 falls on a Friday this year, the Internal Revenue Service (IRS) says that individual taxpayers will...
Fees the Focus of EBSA Regulatory Agenda
January 4, 2011 (PLANSPONSOR.com) – In a live Web chat discussing the pension initiatives appearing in the Department of Labor’s Employee Benefits Security Administration’s (EBSA)
Nevada High Court Reinstates Casino Worker Civil Suit
January 4, 2011 (PLANSPONSOR.com) – The Nevada Supreme Court has revived a lawsuit filed by an employee of a Las Vegas casino against a casino security guard, saying Nevada...
GOP Announces Plans to Repeal Health Care Law
January 4, 2011 (PLANSPONSOR.com) – Among the bills and resolutions scheduled for consideration in the next couple of weeks by House Republicans is one to repeal the health...