Compliance

Compliance | March 12th, 2010

Court Moves Forward Claims against Northern Trust over ESOP

March 12, 2010 (PLANSPONSOR.com) – A federal court judge has moved forward claims by a participant in the Northern Trust Company Thrift Incentive Plan that plan fiduciaries breached...

Compliance | March 11th, 2010

DoL Recovers More than $12M for CA Company ESOP Participants

March 11, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained consent judgments providing for restitution of more than $12 million by plan officials and service providers...

Compliance | March 11th, 2010

VA Lawmakers Approve Ban on Mandatory Health Coverage

March 11, 2010 (PLANSPONSOR.com) – Virginia's General Assembly has approved legislation banning mandated health insurance coverage.

Compliance | March 10th, 2010

Senate Passes COBRA Subsidy Extension

March 10, 2010 (PLANSPONSOR.com) - The U.S. Senate has approved legislation that would further extend COBRA health insurance premium subsidies, Business Insurance reports.

Compliance | March 10th, 2010

Senate Passes Pension Funding Relief

March 10, 2010 (PLANSPONSOR.com) – The U.S. Senate has passed S.Amdt. 3430, which would allow defined benefit pension plan sponsors to spread out funding their shortfalls.

Compliance | March 9th, 2010

Senate Bill Would Permit Roth Conversion Within 401(k)s

March 9, 2010 (PLANSPONSOR.com) – A bill making its way through the U.S. Senate could make it possible to do a conversion to a Roth IRA...

Compliance | March 8th, 2010

Employer Can Reduce Monthly Pension to Fix Error

March 8, 2010 (PLANSPONSOR.com) – A federal court has ruled that an employer did not breach its fiduciary duties by decreasing a retiree's monthly pension check to recover...

Compliance | March 5th, 2010

Court Dismisses Claims against Amgen in Stock Drop Case

March 5, 2010 (PLANSPONSOR.com) – A federal court has found no evidence that Amgen, Inc. breached its fiduciary duties by continuing to offer company stock in its retirement...

Compliance | March 5th, 2010

DoL Provides Spanish Version of CHIP Notice

March 5, 2010 (PLANSPONSOR.com) - The Department of Labor's Employee Benefits Security Administration has posted a Spanish version of the Model Notice for employers to use to regarding...

Compliance | March 4th, 2010

IRS Updates Rates Used in DB Plan Funding Calculations

March 4, 2010 (PLANSPONSOR.com) – The Internal Revenue Service has issued Notice 2010-24, updating weighted average interest rates, yield curves, and segment rates used in funding calculations for...

Compliance | March 4th, 2010

IRS Updates Rates Used in DB Plan Funding Calculations

Compliance | March 4th, 2010

DoL Sues ESOP Trustee over Stock Purchase

March 4, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee Stock Ownership Plan (ESOP) for alleged violations of...

Compliance | March 3rd, 2010

Obama Signs COBRA Subsidy Extension

March 3, 2010 (PLANSPONSOR.com) – President Obama has signed a measure extending federal subsidies of COBRA health care premiums through the end of March.

Compliance | March 3rd, 2010

Obama Signs COBRA Subsidy Extension

March 3, 2010 (PLANSPONSOR.com) – President Obama has signed a measure extending federal subsidies of COBRA health care premiums through the end of March.

Compliance | March 3rd, 2010

PBGC Takes over Pension for Vehicle Assembler

March 3, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension plan covering more than 5,800 employees and retirees...