Court Ruling Could Open Door for Tax Refunds on Severance Payments
April 12, 2010 (PLANSPONSOR.com) – A recent ruling by a federal court could mean the Internal Revenue Service owes companies, and their laid off workers, a tax refund...
Compliance
Court Finds Early Retirement Incentive Discriminatory
April 12, 2010 (PLANSPONSOR.com) – A federal court judge has found the Minnesota Department of Corrections violated federal age discrimination law by maintaining an early retirement incentive plan...
Court Clears Path for Stock Drop Class Action
April 9, 2010 (PLANSPONSOR.com) – A former Comcast Corp. employee is qualified to serve as a class representative in a stock drop lawsuit against Comcast Corp., a federal...
Court Tosses Co. Stock Imprudence Claim
April 9, 2010 (PLANSPONSOR.com) – A federal judge in Georgia has thrown out claims by 401(k) participants that Beazer Homes USA breached its fiduciary duties by offering company...
Wells Fargo Wins Some, Loses Some in Self-dealing Case
April 9, 2010 (PLANSPONSOR.com) – A federal court judge has certified as a class action a lawsuit against Wells Fargo over offering mutual funds from one of its...
PwC Cleared of Anti-cutback Claims over BofA Plan Transfers
April 9, 2010 (PLANSPONSOR.com) – A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act anti-cutback rule by...
EEOC Gets New Chair and Commissioner
April 8, 2010 (PLANSPONSOR.com) - Jacqueline A. Berrien, the former Associate Director-Counsel of the NAACP Legal Defense and Educational Fund (LDF), was sworn in April 8 as the...
Lawyer Disqualification Move Rebuffed in 401(k) Suit
April 8, 2010 (PLANSPONSOR.com) – A federal judge in West Virginia has ruled that lawyers simultaneously representing plan administrators and plan participants do not necessarily have a legal...
Advisory Council Calls for Retirement Commission
April 8, 2010 (PLANSPONSOR.com) –The Advisory Council on Employee Welfare and Pension Benefit Plans has called for the creation of a presidential commission to define a new national...
Court Finds Principal not a Fiduciary in Case Involving Rollover of 401(k) Accounts
April 8, 2010 (PLANSPONSOR.com) - A federal district court recently denied class certification in a lawsuit relating to the rollover of funds from 401(k) plans nationwide for which...
IRS Announces Form for Claiming HIRE Tax Exemption
April 7, 2010 (PLANSPONSOR.com) - The Internal Revenue Service has released a new form that will help employers claim the special payroll tax exemption that applies to many...
EBSA Enforcement Data Posted to the Web
April 7, 2010 (PLANSPONSOR.com) – The Employee Benefits Security Administration (EBSA) is one of a number of Department of Labor (DoL) agencies participating in a new Web site...
HHS Secretary Takes First Step to Establish High-risk Insurance Pools
April 5, 2010 (PLANSPONSOR.com) - U.S. Department of Health and Human Services (HHS) Secretary Kathleen Sebelius has issued a letter to governors and independent insurance commissioners asking each...
Bank Worker Who Witnessed Murder Entitled to Worker's Comp
April 2, 2010 (PLANSPONSOR.com) – An Ohio appellate court has ruled that a bank employee is eligible for workers compensation benefits for psychological injuries resulting from witnessing a...
Michigan of Two Minds on Healthcare Bill
April 2, 2010 (PLANSPONSOR.com) – State officials in Michigan appear to be of two minds on healthcare reform.
60-day Rollover Requirement Doesn't Apply to Check Made to New Plan
April 1, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has ruled that the 60-day rollover requirement is not applicable to a plan distribution check made payable to a...
9th Circuit Rejects Cost-sharing of Stock-based Compensation
March 31, 2010 (PLANSPONSOR.com) - In a reversal of a previous opinion the 9th U.S. Circuit Court of Appeals has held that stock option compensation costs need not...
Changes Included in Final Healthcare Law
March 30, 2010 (PLANSPONSOR.com) – Now that healthcare reform is officially the law of the land, employers will be scrambling to better understand what they have...
High Court Sides with Investors in Fee Case
March 30, 2010 (PLANSPONSOR.com) – The U.S. Supreme Court has ordered a federal appellate court to take another look at its ruling that mutual fund managers can only be...
S.C. Johnson Cleared for Cash Balance Backloading
March 30, 2010 (PLANSPONSOR.com) – S.C. Johnson & Sons Inc. was cleared of wrongdoing in connection with allegations it backloaded its cash balance pension plan.