IRS Replaces Form 5500 Schedule SSA
August 16, 2010 (PLANSPONSOR.com) - Beginning with returns for the 2009 plan year, the Schedule SSA has been eliminated as a schedule of the Form 5500 annual return/report...
Compliance
Videotaping Workers Comp Claimant Praying not Invasion of Privacy
August 13, 2010 (PLANSPONSOR.com) – An appellate court in Pennsylvania has found that an investigator who videotaped a workers’ compensation claimant while he was praying did not invade...
Court OKs $16.5M Caterpillar 401(k) Fee Pact
August 12, 2010 (PLANSPONSOR.com) – A federal judge has given final approval to a $16.5-million settlement of an excessive 401(k) fee suit against Caterpillar, Inc.
Former Welder Can Pursue Pregnancy Discrimination Claim
August 12, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that a former welder can pursue claims that her employer discriminated against her because she became pregnant.
PBGC Takes Chicago Sun-Times Pension Plans
August 12, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for seven plans covering almost 2,360 workers and retirees of the Chicago Sun-Times.
Auto IRA Bill Introduced in the House
August 11, 2010 (PLANSPONSOR.com) – Massachusetts Congressman Richard E. Neal has introduced the Automatic IRA Act of 2010 in the U.S. House of Representatives.
Verizon Allowed to Fix Plan Drafting Mistake
August 11, 2010 (PLANSPONSOR.com) – Admitting it was creating “tension” with the plan documents rule in federal benefits law, a federal appellate court has allowed an employer to...
Judge Relieves Zell of Liability for Tribune ESOP Losses
August 11, 2010 (PLANSPONSOR.com) – A federal judge has ruled that Sam Zell, who took the Tribune Company private in an $8.3 billion-stock buyback two years ago, can’t...
EBSA Schedules VFCP Seminar for the Big Apple
August 10, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a free New York City workshop on September 1 about its...
Auto-IRA Bill Introduced With Employer Mandates
August 6, 2010 (PLANSPONSOR.com) – Employers who do not offer a workplace retirement plan will have to establish an automatic IRA for their workers under...
NJ Man Held in Pension Embezzlement Scheme
August 6, 2010 (PLANSPONSOR.com) – Federal agents have arrested a New Jersey man on charges he embezzled $263,000 from his company’s pension fund.
Parties Settle General Dynamics 401(k) Fee Case
August 6, 2010 (PLANSPONSOR.com) – General Dynamics Corporation and Fiduciary Asset Management (FAMCO) have agreed to a $15.1-million settlement of a 401(k) excessive fee lawsuit.
Court Rejects ‘Stray Remarks’ Doctrine in Google Ageism Case
August 6, 2010 (PLANSPONSOR.com) – The California Supreme Court has handed employers a legal setback by ruling that Golden State judges can consider comments made by non-corporate decisionmakers...
Court Certifies Class in J.P. Morgan Securities Lending Suit
August 6, 2010 (PLANSPONSOR.com) – A federal judge in New York has certified as a class action a lawsuit over J.P. Morgan Chase’s investment in structured investment vehicle...
DoL and Treasury to Hold Hearing on Lifetime Income Options
August 5, 2010 (PLANSPONSOR.com) - The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Department of the Treasury have announced a joint public hearing...
Small DC Plans May Need 12b-2 Exemption
August 5, 2010 (PLANSPONSOR.com) – A key issue in coming months is whether the Securities and Exchange Commission (SEC) exempts small defined contribution plans from its proposed rule...
Lawyer Sued for Harassment Gets Damages Award
August 4, 2010 (PLANSPONSOR.com) - An Alameda County, California, jury has rejected the sexual harassment and wrongful termination claims a paralegal made against her former boss, and has...
Paychex Cleared in Revenue Sharing Dispute
August 4, 2010 (PLANSPONSOR.com) – Paychex Inc. may have been able to influence a 401(k) plan’s investment lineup, but the employer still made the ultimate decision about which...
Divorce Decree Naming Child as Life Insurance Beneficiary is a QDRO
August 4, 2010 (PLANSPONSOR.com) – The U.S. District Court for the Northern District of Ohio ruled that a divorce decree naming a couple’s child as sole beneficiary of...
CA High Court Says Minority Preferences in Public Contracting are Banned
August 3, 2010 (PLANSPONSOR.com) - The California Supreme Court has rejected much of San Francisco's legal justification for the continuing use of minority preferences in public contracting.