Compliance

Compliance | August 3rd, 2010

CT High Court Blocks Subpoenaed Documents Release

August 3, 2010 (PLANSPONSOR.com) – The Connecticut Supreme Court has blocked a move by state Attorney General Richard Blumenthal to publicize confidential subpoenaed business documents from a Florida...

Compliance | August 3rd, 2010

PSNC 2010: Washington Update

August 3, 2010 (PLANSPONSOR.com) – What changes can plan sponsors and advisers look for from the government soon?

Compliance | August 2nd, 2010

EBSA Unveils Online ERISA Exemption Listing

August 2, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has launched an online index for locating individual exemptions granted under the Employee...

Compliance | August 2nd, 2010

Monsanto Cash Balance Plan Cleared of Age-Bias Wrongdoing

August 2, 2010 (PLANSPONSOR.com) – A provision in Monsanto Co.'s cash balance pension plan that cut off interest credits once participants reached age 55 did not discriminate against...

Compliance | July 30th, 2010

DoL Wants a Post-PPACA Look at Welfare Regs

July 30, 2010 (PLANSPONSOR.com) – With the passage of health care reform, the Labor Department wants to take another look at proposed regulations on welfare...

Compliance | July 30th, 2010

DoL Says no Extension to Form 5500 Deadline

July 30, 2010 (PLANSPONSOR.com) - The Department of Labor has decided not to grant a blanket extension for filers of Form 5500 and Form 5500-SF.

Compliance | July 30th, 2010

The IRS to Issue a How-To for PRA Funding Relief Elections

July 30, 2010 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) said it will be issuing detailed guidance about the special funding rules for single-employer defined benefit plans in the...

Compliance | July 29th, 2010

Court Finds Directed Custodian not a Fiduciary under ERISA

July 29, 2010 (PLANSPONSOR.com) – A custodian that transferred retirement plan assets at the direction of plan trustees is not liable under the Employee Retirement Income Security Act...

Compliance | July 29th, 2010

Court Blocks AZ Domestic Partner Benefits Limit

July 29, 2010 (PLANSPONSOR.com) – A federal judge in Arizona, which bans gay marriage, has blocked a state law limiting state-provided health and accident insurance to spouses of...

Compliance | July 29th, 2010

Bank Did not Violate ERISA by Seizing Plan Sponsor’s Bank Account

July 29, 2010 (PLANSPONSOR.com) – A claim that Sovereign Bank breached fiduciary duties under the Employee Retirement Income Security Act (ERISA) when it seized an employer’s bank account which...

Compliance | July 29th, 2010

Preliminary Approval Given to Settlement of WaMu Cash Balance Suit

July 29, 2010 (PLANSPONSOR.com) – A federal judge has given preliminary approval to a $20-million settlement of claims against Washington Mutual concerning its conversion to a cash balance...

Compliance | July 28th, 2010

EBSA Announces Fiduciary Seminar in Philadelphia

July 28, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is taking its “Getting It Right – Know Your Fiduciary Responsibilities” seminar to...

Compliance | July 28th, 2010

Court Dismisses Cash Balance ADEA Charges

July 28, 2010 (PLANSPONSOR.com) – An employer’s cash balance plan did not cut older employees’ accrual rate because of age so it did not violate the Age Discrimination...

Compliance | July 28th, 2010

Court Rejects Nationwide’s Counterclaim Attempt in Revenue Sharing Suit

July 28, 2010 (PLANSPONSOR.com) – A federal judge has denied Nationwide Financial’s move to certify a class of counterclaim defendants in a suit in which it is accused...

Compliance | July 27th, 2010

Solis Opposes ERISA Statute of Limitations Argument

July 27, 2010 (PLANSPONSOR.com) – The three-year statute of limitations under the Employee Retirement Income Security Act (ERISA) kicks off only when someone suing under the law first...

Compliance | July 27th, 2010

DoL Sues Medical Group, Trustees, and Accountant for Misusing Plan Assets

July 27, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has sued Robert S. Caputo, his medical group, trustees of the group’s pension plan, the plan’s accounting firm,...

Compliance | July 27th, 2010

Court Allows Use of Facebook, MySpace Communications

July 27, 2010 (PLANSPONSOR.com) – A federal judge has agreed to allow a Florida-based self-storage company being sued for sexual harassment to have copies of two female plaintiffs’...

Compliance | July 23rd, 2010

State Judges Can Rule on QDRO Cases

July 23, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that state courts can decide whether domestic relations orders (DRO) meet the requirements for being considered qualified...

Compliance | July 22nd, 2010

SEC Shakes Up Things for Advisers

July 22, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has proposed two significant changes that may impact adviser/plan sponsor relationships.

Compliance | July 22nd, 2010

Regulators Issue Rules for Group Health Plans on Claims and Appeals

July 22, 2010 (PLANSPONSOR.com) – Federal regulators have issued interim final regulations implementing the requirements regarding internal claims and appeals and external review processes for group health plans...