Fiduciary Breach Case Filed Too Late
June 29, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that a woman who sued over allegations of a fiduciary breach in connection with her deceased...
Compliance
Legislation Pending to Permit 401(k) Rollovers to Roths
June 29, 2010 (PLANSPONSOR.com) – A new Senate proposal would allow certain employees to roll over amounts from their (401)k retirement plans to a Roth savings account.
CT Court Kills Workers’ Comp Suit
June 29, 2010 (PLANSPONSOR.com) – A Connecticut appellate court has ruled that a state corrections officer injured in a fight with an inmate can’t sue an independent...
Groups Ask for 403(b) Termination Distribution Clarification
June 29, 2010 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) have requested clarifying guidance relating to...
Justices Stay Out of SF Health Law Controversy
June 28, 2010 (PLANSPONSOR.com) – Justices on the U.S. Supreme Court have turned away a request to review a federal appellate court ruling backing a long-disputed health...
SPD Language Not a Valid Plan Terms Change
June 28, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that a summary plan description (SPD) could not unilaterally grant a benefit plan administrator the right...
Court Approves Settlement in Revenue-Sharing Suit
June 28, 2010 (PLANSPONSOR.com) - A federal judge has approved a $13.8 million revenue-sharing based settlement between a provider and the 401(k) plans it supports,...
Consulting Firm Charged with Ponzi Scheme
June 25, 2010 (PLANSPONSOR.com) - A Jacksonville, Florida, retirement benefits consulting firm is facing charges it defrauded government employees through an alleged Ponzi scheme, according to the Securities...
Obama Signs Pension Relief Bill
June 25, 2010 (PLANSPONSOR.com) – President Obama has signed into law legislation providing pension funding relief for multi-employer and single employer defined benefit plans.
House Passes “Doc Fix” Bill With Pension Relief
June 25, 2010 (PLANSPONSOR.com) – The House of Representatives has, by a margin of 417-to-1, passed a bill containing pension relief.
Federal Judge Gives Agencies Go Ahead on Mental Health Rules
June 24, 2010 (PLANSPONSOR.com) – Secretary of Labor Hilda L. Solis has announced a ruling by a federal judge in Washington that regulators have “good cause” to forego...
360 Sponsors at least Partly Done on IRS 401(k) Survey
June 23, 2010 (PLANSPONSOR.com) – Some 360 of the 1,200 plan sponsor receiving the 401(k) Compliance Check Questionnaire had at least partially completed the document by mid-June, the...
PBGC Takes on Supermarket Chain’s Pension Plans
June 23, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for three underfunded pension plans covering over 3,700 former employees and retirees of bankrupt...
DoL Includes Non-Traditional Families in FMLA Interpretation
June 23, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has clarified the definition of "son and daughter" under the Family and Medical Leave Act to ensure that...
Court Approves $7.8M Settlement with AA Capital Partners
June 22, 2010 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has approved a global settlement agreement providing for recovery of an additional $7.8...
PBGC Takes on Plan of Michigan Metal Parts Supplier
June 22, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering more than 4,800 former workers and retirees of...
Proposed Rules under Health Care Reform Law to be Published
June 22, 2010 (PLANSPONSOR.com) - More proposed rules under the new health care reform law are coming.
IRS Provides Relief to Storm-Affected Employers
June 21, 2010 (PLANSPONSOR.com) - The Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans that were affected by the storms and other severe...
KY Court Allows Claim for Benefits for Pilot Killed while Commuting to Work
June 18, 2010 (PLANSPONSOR.com) – The Kentucky Supreme Court has ruled that an administrative law judge must reconsider worker’s compensation benefits for the wife and minor child of...
U.S. Supreme Court Sends Cases Back to NLRB
June 18, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court has ruled that the National Labor Relations Board (NLRB) did not have authority to issue nearly 600 decisions in...