CA Police Agency Cleared in Page Text Message Audit
June 17, 2010 (Thursday PLANSPONSOR.com) – U.S. Supreme Court justices on Thursday ruled a California police department was within its rights to audit the text messages on a...
Compliance
SEC Releases Target-Date Fund Disclosure Proposal
June 16, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) unanimously approved proposed rule amendments to enhance the information provided to target-date fund investors.
PBGC Releases Guidance on Comprehensive Premium Filing Relief
June 16, 2010 (PLANSPONSOR.com) – The nation’s private-sector pension insurer has issued guidance about relief it is making available to plans intending to use the alternative premium funding...
EBSA Expands Allowable Litigation Settlements
June 16, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) on Wednesday released an amendment to an existing class exemption regarding assets accepted...
EBSA Proposes PTE Change for In-House Asset Managers
June 16, 2010 (PLANSPONSOR.com) – A proposed amendment of a prohibited transaction exemption (PTE) would expand the number of allowable transactions by in-house managers of large employee benefit...
EBSA Schedules Florida Benefits Seminar
June 16, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is offering a free workshop for employee benefit plan professionals, including clients of...
Suit over Health Plan Denial Charge Cleared to Move Forward
June 16, 2010 (PLANSPONSOR.com) – A federal judge in Virginia has cleared the way for a remodeling firm’s only female worker to move forward with her suit alleging...
Agencies Issue Regulations on Grandfathered Health Plans
June 14, 2010 (PLANSPONSOR.com) – The Internal Revenue Service, jointly with the Department of Labor and Department of Health and Human Services, have issued proposed regulations relating to...
Administration Estimates Project Big Shifts in Workplace Health Care
June 14, 2010 (PLANSPONSOR.com) – President Obama’s promise that those who like their current health care coverage can keep it could be in jeopardy –...
Fee Disclosure Not in Senate Tax Extenders Bill
June 14, 2010 (PLANSPONSOR.com) – Some of the pension changes incorporated in pending legislation in the House may not make it to the Senate version.
Court Moves Forward Claims of Defaulted Participant
June 11, 2010 (PLANSPONSOR.com) – A federal court judge has refused to dismiss claims by a 401(k) participant that plan fiduciaries breached their duties when they transferred his...
Employee Arrested for Pulling Fire Alarm Can Sue for Defamation
June 10, 2010 (PLANSPONSOR.com) - A federal judge has refused to dismiss a former Parker McCay law librarian's suit alleging the firm defamed and falsely imprisoned her by...
Home Depot Cleared in Stock Drop Suit
June 10, 2010 (PLANSPONSOR.com) – A federal judge in Georgia has cleared Home Depot of wrongdoing in a stock drop lawsuit.
EBSA Issues Final Rule on DROs
June 10, 2010 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefit Security Administration has issued a final rule clarifying certain issues relating to the timing and order of...
PBGC Announces Pension Funding Agreement with Reynolds Packaging
June 10, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced an agreement with Reynolds Packaging Group that strengthens a defined benefit plan covering more than 300...
Settlement of Fannie Mae Stock Suit Gets Preliminary Approval
June 9, 2010 (PLANSPONSOR.com) – A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee Retirement Income Security Act (ERISA) action against the...
Alliant Tagged for Pre PPA Whipsaw Calculation
June 9, 2010 (PLANSPONSOR.com) – Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger...
AT&T Cleared in Cash Balance Suit
June 9, 2010 (PLANSPONSOR.com) – A federal judge in New Jersey has ruled that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age...
PBGC Unveils Premium Filing Checkbox Relief
June 8, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) announced on Tuesday that it will provide relief to certain premium filers who used the available premium...
Failure to Mention Benefit Option Explained in SPD no Fiduciary Breach
June 8, 2010 (PLANSPONSOR.com) – The U.S. District Court for the Western District of Wisconsin has found that an employer did not breach its fiduciary duties by failing...