Compliance

Compliance | November 23rd, 2010

Employer Cleared of Bias against Employee with Drinking Problem

November 23, 2010 (PLANSPONSOR.com) – A New Jersey appellate court has cleared a county employer of discrimination charges against a senior electrician who had his driver’s license suspended...

Compliance | November 23rd, 2010

IRS: No Mandatory Withholding for In-plan Roth Rollovers

November 23, 2010 (PLANSPONSOR.com) – Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding...

Compliance | November 23rd, 2010

IRS Provides Guidance on 457 Plan Emergency Distributions

November 23, 2010 (PLANSPONSOR.com) - The Internal Revenue Service has provided guidance on circumstances for which an eligible deferred compensation plan under Section 457(b) of the Internal Revenue...

Compliance | November 22nd, 2010

Bias Suit against Defense Department Reinstated

November 22, 2010 (PLANSPONSOR.com) – A federal appellate court has breathed new life into an age discrimination lawsuit against the Defense Department’s Contract Management Agency.

Compliance | November 19th, 2010

SEC Proposes New Rules for Advisers

November 19, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has voted to propose new rules to “strengthen the SEC's oversight of investment advisers...

Compliance | November 19th, 2010

GAO Warns Lawmakers about Retirement Age Increases

November 19 2010 (PLANSPONSOR.com) – Government auditors have warned Congress that boosting the Social Security retirement age would unduly harm poor and minority Americans as well as raise...

Compliance | November 19th, 2010

Employee Stock Reporting Deadlines Approaching

November 19 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has released final versions of Form 3921 and 3922 on which employers are required to report information relating...

Compliance | November 19th, 2010

Senators File Brief in Health Reform Challenge

November 19, 2010 (PLANSPONSOR.com) - Senate Minority Leader Mitch McConnell (R-Kentucky) and 32 other GOP senators filed a brief on Thursday in favor of a court case challenging...

Compliance | November 19th, 2010

SEC OKs Hedge Fund, Private Equity Disclosure Mandate

November 19, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has approved a rule that mandates hedge fund and private equity managers to register with the agency...

Compliance | November 19th, 2010

NH Retirement System Appealing Order to Release Retiree Names

November 19, 2010 (PLANSPONSOR.com) – The New Hampshire Retirement System has filed an appeal of a court ruling that it disclose the names of pension recipients.

Compliance | November 19th, 2010

Savings Plan Embezzler Indicted

November 19, 2010 (PLANSPONSOR.com) - A federal indictment unsealed this week in the District of Minnesota alleges that a 62-year-old New Prague, Minnesota man embezzled...

Compliance | November 18th, 2010

Widow Loses SERP Benefits Bid

November 18, 2010 (PLANSPONSOR.com) – The widow of a participant in Diebold Inc.'s supplemental executive retirement plan (SERP) did not meet the plan’s definition of “spouse,” so she...

Compliance | November 17th, 2010

EBSA Releases DB Funding Notice Proposed Rule

November 17, 2010 (PLANSPONSOR.com) – Federal regulators have released a proposed rule clarifying section 101(f) of the Employee Retirement Income Security Act (ERISA) mandating annual defined benefit plan...

Compliance | November 16th, 2010

Can a Postcard Furnish an SPD Solution?

November 15, 2010 (PLANSPONSOR.com) – Plan sponsors hoping for a simpler, easier way to satisfy the obligation to furnish summary plan descriptions (SPDs) to participants...

Compliance | November 16th, 2010

EBSA Cracking Down on Contributions not Deposited

November 16, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration announced a series of enforcement actions to protect more than $7 million for workers...

Compliance | November 15th, 2010

PBGC Sets New Interest Rate Assumptions

November 15, 2010 (PLANSPONSOREurope.com) – The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule updating the benefit payments interest assumptions for terminated, single-employer plans for December...

Compliance | November 15th, 2010

Feds Ease HCR Grandfathering Rule

November 15, 2010 (PLANSPONSOR.com) – Federal regulators on Monday amended health-care reform rules allowing all insured group health plans to keep their grandfathered status even if they change...

Compliance | November 15th, 2010

PBGC Reports $23B Deficit

November 15, 2010 (PLANSPONSOR.com) - In FY 2010, the Pension Benefit Guaranty Corporation (PBGC) took in $2.3 billion in premiums and had $7.8 billion in investment income (total...

Compliance | November 12th, 2010

Baucus Plans Bill to Repeal 1099 HCR Clause

November 12, 2010 (PLANSPONSOR.com) – A top U.S. Senate Democrat on Friday pledged to repeal a provision of the new health care law that requires businesses to file...

Compliance | November 11th, 2010

Court Condones Use of Prior Year Stock Valuation for Plan Distributions

November 11, 2010 (PLANSPONSOR.com) – The U.S. District Court for the Southern District of New York has ruled in favor of an employer sued for its use of...