Court Dismisses Remaining State Street Stock Drop Claim
December 13, 2010 (PLANSPONSOR.com) – A federal judge in Massachusetts has thrown out the remaining claim in a stock drop lawsuit against State Street Corp.
Compliance
Insights for the IRS?
December 13, 2010 (PLANSPONSOR.com) - One of the 2010-2011 projects for the IRS' Advisory Committee on Tax Exempt and Government Entities (ACT) is to assist the IRS in...
DoL: Bankruptcy-Appointed Trustee Can Bring ERISA Action
December 10, 2010 (PLANSPONSOR.com) – In his second attempt to bring a suit against a custodian used by a rogue plan administrator, bankruptcy-appointed trustee John C. McLemore is...
President Signs Federal Telework Legislation
December 10, 2010 (PLANSPONSOR.com) – President Obama has signed a law mandating federal agencies to allow employees to telework.
DoL Calls for Stock Drop Ruling Reversal
December 10, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has asked a federal appeals court to overturn a lower court ruling that cleared ING of wrongdoing...
DoL Disputes Home Depot’s Win in Stock Drop Suit
December 10, 2010 (PLANSPONSOR.com) – In an Amicus Brief, the U.S. Department of Labor said a court that cleared Home Depot of wrongdoing in a stock drop suit...
Arkansas Court Hands Legal Victory to Workers’ Comp Applicant
December 10, 2010 (PLANSPONSOR.com) – The Arkansas Supreme Court has ruled that a nursing home employee was entitled to workers’ compensation benefits after breaking her arm in a...
Company President to Restore Plan for Loan Repayments
December 10, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained a consent judgment and order for Barstow Truck Parts and Equipment Co. and its president, James...
TX Drug Rep Wins Worker’s Comp Appeal
December 9, 2010 (PLANSPONSOR.com) – The Texas Supreme Court has ruled that a worker injured in a car accident is entitled to worker’s compensation coverage.
IRS Describes Multi-Employer Amortization Extension Procedure
December 8, 2010 (PLANSPONSOR.com) – A new Internal Revenue Service (IRS) revenue procedure (2010-52) sets out in detail the procedures by which multi-employer plans can request a five-...
PBGC Takes NY Hospital Plan
December 8, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) is assuming responsibility for the underfunded pension plan covering almost 500 workers and retirees of bankrupt North...
Court Tosses Suit over 401(k) Plan Deferral Limits
December 8, 2010 (PLANSPONSOR.com) – A federal judge in New Jersey has declared that a 401(k) participant has no legal right to sue his employer over the company’s...
222 Mini-Med Health Plan Sponsors Approved for Waivers
December 7, 2010 (PLANSPONSOR.com) – The U.S. Department of Health and Human Services has approved 222 applications by mini-med plan sponsors for waivers from annual limit requirements in...
NY 403(b) Fee Suit Dismissed – Again
December 7, 2010 (PLANSPONSOR.com) – A federal judge in New York has thrown out a lawsuit by two school teacher participants in a 403(b) program alleging the program...
403(b) Webcast: IRS Audit Results
December 7, 2010 (PLANSPONSOR.com) – In a recent PLANSPONSOR Webcast, sponsored by MetLife, Daniel S. Gardner, Senior Employee Plan Specialist for Tax Exempt and Government Entities, Internal Revenue...
High Court to Hear Giant Wal-Mart Class Action
December 6, 2010 (PLANSPONSOR.com) – U.S.Supreme Court justices on Monday agreed to hear the controversial class action gender bias suit against Wal-Mart involving 1.5 million women employees.
GOP Congressmen Introduce Bill to Enhance Public Pension Transparency
December 6, 2010 (PLANSPONSOR.com) – A group of Republican congressmen have introduced legislation its authors say would enhance public pension transparency – and establish a...
Bolivia Moves to Nationalize Pensions
December 6, 2010 (PLANSPONSOR.com) – Apparently the trend toward raising retirement ages is not universal.
Business Mileage Rate up One Cent for 2011
December 3, 2010 (PLANSPONSOR.com) - The Internal Revenue Service issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business,...
Tax Officials Distribute Small Business Health Credit Guidance
December 2, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) on Thursday released final guidance for small-sized employers eligible to claim the new small business health care tax credit...