Supermarket Stock Drop Case Remains Alive
December 29, 2010 (PLANSPONSOR.com) – A federal judge in Pennsylvania has cleared the way for a 401(k) participant to pursue claims trustees violated their fiduciary duties by imprudently...
Compliance
IRS Corrects Hybrid DB Plan Rule
December 28, 2010 (PLANSPONSOR.com) – Saying that a previous version of final regulations on hybrid defined benefit plans contain errors “that may prove to be misleading and are...
Court Finds Severance Plans Not ERISA Governed
December 28, 2010 (PLANSPONSOR.com) – A federal judge in Massachusetts has ruled that Alcatel-Lucent USA did not breach its Employee Retirement Income Security Act (ERISA) fiduciary duties through...
Regulators Put Out RFI for Value-Based Health Coverage Data
December 27, 2010 (PLANSPONSOR.com) – Federal regulators have issued a request for information (RFI) on how group health plans and health insurers can use value-based insurance design (VBID)...
Canadians Design New Private-Section Pension
December 27, 2010 (PLANSPONSOR.com) – Canadian provincial finance ministers have agreed on a framework for the Pooled Registered Pension Plan (PRPP), a private-sector retirement plan for small- and...
IRS Releases New FSA/HRA Guidance for 2011
December 23, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has put out new guidance allowing continued use of health flexible spending arrangement (FSA) and health reimbursement arrangement (HRA)...
House Abandons Bill to Extend Relief from DB Funding Rule
December 23, 2010 (PLANSPONSOR.com) - The U.S. House adjourned Wednesday without action on a bill passed by the Senate that would have created a one-year extension for relief...
Regulators Publish New Set of HCR FAQs
December 23, 2010 (PLANSPONSOR.com) – Federal regulators have issued the latest in a series of FAQs dealing with implementation of the market reform provisions of the Affordable Care...
DoL Wants Input on Break Time for Nursing Mothers
December 23, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor has issued a Request for Information from the public regarding employers’ requirement to provide reasonable break time for...
NLRB Proposes Workplace Notice Rule
December 23, 2010 (PLANSPONSOR.com) – The National Labor Relations Board (NLRB) has proposed a rule requiring employers to display a workplace notice informing employees of their rights to...
IRS Offers Deduction Guidance on Payments to Insurance Providers by Highly Compensated
December 22, 2010 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has provided guidance on how to apply a section of the tax code that limits...
IRS Pushes Back PPACA Nondiscrimination Compliance Date
December 22, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has published a notice pushing back the timing for compliance with certain nondiscrimination requirements of...
Employer Hit with $6K ERISA Fine
December 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has levied a $5,880 fine against an Illinois health care company for its delay in furnishing a summary...
EBSA Sets 2011 Hearing on Fiduciary Definition Change
December 22, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a March 2011 hearing on a proposed rule changing the scope...
MA Announces 2011 Health Coverage Penalties
December 21, 2010 (PLANSPONSOR.com) – The Massachusetts Department of Revenue (DoR) has posted the proposed 2011 penalty schedule for those who are able to afford the purchase of health insurance...
HHS Releases Insurance Rate Review Proposal
December 21, 2010 (PLANSPONSOR.com) – Federal regulators on Tuesday proposed rules requiring insurers to publicly justify “unreasonable” rate increases starting in 2011.
9th Circuit Clears NEA in Annuity Sales Flap
December 21, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that the National Education Association (NEA) cannot be held liable for a fiduciary breach because of its...
Court Approves $8.5M Settlement for Schering-Plough Participants
December 21, 2010 (PLANSPONSOR.com) – A federal judge has given final approval to an $8.5 million settlement of a long-running stop drop lawsuit.
OK Lawmakers Form Two Pension Study Panels
December 20, 2010 (PLANSPONSOR.com) – Oklahoma state lawmakers have formed two study panels to come up with ways to deal with the state’s $16-billion pension shortfall.
What the Tax Relief Bill Means for You
December 20, 2010 (PLANSPONSOR.com) – While much of the public discussion focused on the expiration of the so-called Bush era tax cuts, the newly signed tax...