IRS Announces 2011 Benefit Limits
October 28, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) on Thursday announced that the 2011 deferral limit for 401(k), 403(b) or 457(b) plans and the federal government’s...
Compliance
Some SunTrust Stock Drop Claims Thrown Out
October 28, 2010 (PLANSPONSOR.com) – A federal judge in Georgia has rejected claims SunTrust Banks breached its fiduciary duty by keeping company stock as an investment option in...
Treasury Moving to Electronic Payroll Savings Bonds
October 25, 2010 (PLANSPONSOR.com) - The U.S. Department of the Treasury has ended the sale of paper U.S. Savings Bonds through employer-sponsored payroll plans, effective September 30, 2010,...
Ruling Backing HCR Headed for Appellate Court
October 22, 2010 (PLANSPONSOR.com) – A federal judge in Michigan has cleared the way for a Christian public interest law firm to appeal an earlier order upholding the...
NY Court Allows Facebook and MySpace Data as Evidence
October 22, 2010 (PLANSPONSOR.com) – The New York Supreme Court in Suffolk County has granted an office chair maker’s motion to use a worker’s Facebook and MySpace account...
PBGC Takes Tire Company Pension
October 22, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering more than 600 former workers and retirees of...
Cash Balance Plaintiff to get Attorney’s Fees
October 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for...
Former EBSA Secretary Raises Questions on Fiduciary Definition Change
October 21, 2010 (PLANSPONSOR.com) – The former Assistant Secretary of the Department of Labor’s Employee Benefit Security Administration (EBSA) said the new fiduciary definition proposal by the DoL...
EBSA Answers Questions on Proposed Fiduciary Definition Change
October 21, 2010 (PLANSPONSOR.com) – In a press call on the Department of Labor’s newly proposed revised definition of fiduciary under the Employment Retirement Income Security Act (ERISA),...
BREAKING NEWS: DoL Broadens Fiduciary Net
October 21, 2010 (PLANSPONSOR.com) – For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary...
PBGC Takes MI Auto Supplier Plan under Its Wing
October 20, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering 570 former workers and retirees of FormTech Industries,...
NQDC Plan Sponsors Reminded of 409A Compliance Deadline
October 21, 2010 (PLANSPONSOR.com) – Employers with a non-qualified deferred compensation plan (NQDCP) that has not been amended to comply with Section 409A of the tax code have...
PBGC Takes Ohio Manufacturer’s Plan
October 20, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering more than 840 former workers and retirees of...
Employer in Stock Drop Case Gets 2nd Chance
October 20, 2010 (PLANSPONSOR.com) – A federal judge in Missouri has reversed himself and given a St. Peters, Missouri-based silicon wafer manufacturer another chance to argue that a...
PBGC Assumes Pension Liability for Bakery Workers
October 19, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) will assume responsibility for the pensions of almost 1,500 current and former employees of Interstate Bakeries Corp....
IRS Issues Rules on Hybrid Retirement Plans
October 18, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has issued proposed and final regulations concerning hybrid retirement plans.
Pomeroy Calls for Support on Seniors $250-Payment Bill
October 15, 2010 (PLANSPONSOR.com) – U.S. Representative Earl Pomeroy (D-North Dakota) has used the occasion of the announcement about no 2011 Social Security cost-of-living adjustment to call for...
Court Finds Private School Failed on COBRA Notice Mandate
October 15, 2010 (PLANSPONSOR.com) – A Puerto Rico private school failed in its duty to inform four former employees of their continuing health coverage rights under COBRA, a...
Court Green Lights FL HCR Challenge
October 14, 2010 (PLANSPONSOR.com) – A federal judge ruled Thursday that parts of a legal challenge to the health-care reform law by 20 states can move forward.
EBSA Releases Final Participant Fee Disclosure Rule
October 14, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) on Thursday released its long-awaited final rule governing a wide variety of investment option disclosures, including fees...