Compliance

Compliance | May 7th, 2010

IRS Issues Interim Report on Nonprofit Colleges and Universities Compliance Check

May 7, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has published an interim report on the Colleges and Universities Compliance Project initiated by the Exempt Organizations (EO) function...

Compliance | May 7th, 2010

Democrats Put Forth Immigration Reform Proposal

May 7, 2010 (PLANSPONSOR.com) – A group of democratic senators have announced the Real Enforcement with Practical Answers for Immigration Reform (REPAIR) Proposal, a 26-page framework for immigration reform.

Compliance | May 6th, 2010

DoL, SEC Offer TDF Primer

May 6, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor’s Employee Benefits Security Administration and the U.S. Securities and Exchange Commission have published what was...

Compliance | May 6th, 2010

DoL: No Safe Harbor in Fiduciary Breach Case

May 6, 2010 (PLANSPONSOR.com) – Secretary of Labor Hilda L. Solis has warned a federal appellate court that protections for plan participants could be harmed if it does...

Compliance | May 6th, 2010

Court Gives Baxter 404(c) Protection in Stock Drop Suit

May 5, 2010 (PLANSPONSOR.com) – Baxter International has been cleared of wrongdoing in connection with a 401(k) stock drop lawsuit.

Compliance | May 5th, 2010

PBGC Takes Auto Parts Firm’s Plans

May 5, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for two underfunded pension plans covering more than 1,300 former employees and retirees of...

Compliance | May 4th, 2010

GOP Group Opposes Administration Proposals for Retirement Plans

May 4, 2010 (PLANSPONSOR.com) - The House GOP Savings Recovery Solutions Group wrote to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner to oppose proposals that would...

Compliance | May 4th, 2010

Council to Investigate Retirement Plan Disparities for Minorities and Women

May 4, 2010 (PLANSPONSOR.com) – After hearing testimony in the previous year regarding disparities for women and minorities regarding their access to and utilization of retirement plans, specifically...

Compliance | May 4th, 2010

ERISA Advisory Council to Review Audit Rules and Financial Reporting Model

May 4, 2010 (PLANSPONSOR.com) - The 2010 ERISA Advisory Council will study whether the audit requirement and financial reporting model contained in the Employee Retirement Income Security Act...

Compliance | May 3rd, 2010

IRS Published Average Premiums for Use in Employer Health Care Credit

May 3, 2010 (PLANSPONSOR.com) – Internal Revenue Service Revenue Ruling 2010-13 publishes the State average premium rates for the small group market for purposes of calculating the section...

Compliance | May 3rd, 2010

Supermarket Chain Agrees to PBGC Pension Funding Deal

May 3, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) on Monday announced a $17.5-million funding agreement to bolster a Milwaukee, Wisconsin-based supermarket chain’s pension program.

Compliance | April 30th, 2010

PBGC Takes Over Alabama Bank Pension Plan

April 30, 2010 (PLANSPONSOR.com) – The nation’s private sector pension insurer has taken over an underfunded pension program from a Montgomery, Alabama, banking company.

Compliance | April 29th, 2010

COBRA Subsidy Challenge Gets Derailed

April 29, 2010 (PLANSPONSOR.com) – A federal judge in Washington has ruled that employees suing to force an employer to allow a Consolidated Omnibus Budget Reconciliation Act (COBRA)...

Compliance | April 29th, 2010

Unisys, Fidelity Win Excessive Fee Case Dismissal

April 29, 2010 (PLANSPONSOR.com) – A federal court has dismissed charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement savings plan to pay...

Compliance | April 29th, 2010

Court Tosses Workplace Lawsuit Waiver

April 29, 2010 (PLANSPONSOR.com) – A federal appellate court has struck down an employment lawsuit waiver signed by a Michigan couple when they applied for paramedics jobs in...

Compliance | April 28th, 2010

Aon Agrees to Pay $1.8M to Settle Stock Drop Suit

April 28, 2010 (PLANSPONSOR.com) – Aon Corp. has agreed to pay $1.8 million to settle a lawsuit alleging 401(k) participants lost tens of millions of dollars when Aon’s...

Compliance | April 27th, 2010

DoL to Amend Target-Date QDIA Rules

April 27, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has announced plans to change a 2007 mandate to require that employers give participants more target-date fund...

Compliance | April 27th, 2010

IRS Issues Notice on Employer Health Coverage for Children under 27

April 27, 2010 (PLANSPONSOR.com) - The Internal Revenue Service announced that the new health reform law immediately allows employers with cafeteria plans to permit employees to begin making...

Compliance | April 27th, 2010

NovaStar Settles Stock Drop Suit for $925K

April 27, 2010 (PLANSPONSOR.com) – The U.S. District Court for the Western District of Missouri has approved a $925,000 settlement of a lawsuit claiming NovaStar Financial continued to...

Compliance | April 26th, 2010

Wal-Mart Gender Discrimination Case Can Move Forward

April 26, 2010 (PLANSPONSOR.com) – A federal judge in California did a perfectly acceptable job in certifying as a class action a gender discrimination case against Wal-Mart, a...