Medtronic Wins Company Stock Suit
March 19, 2010 (PLANSPONSOR.com) – A federal court has ruled that Medtronic Inc. did not breach its fiduciary duties by continuing to offer company stock as a retirement...
Compliance
Court Finds 45-day Timing for Lump-sum Payments Reasonable
March 19, 2010 (PLANSPONSOR.com) – The U.S. District Court for the District of Columbia has ruled that U.S. Airways policy to pay retired pilots lump-sum benefits 45 days...
Court Dismisses Most Claims in State Street Stock Suit
March 19, 2010 (PLANSPONSOR.com) – A federal court has dismissed most claims against State Street Corporation and its retirement plan fiduciaries regarding the offering of company stock as...
New Law Offers Tax Incentives for Hiring
March 18, 2010 (PLANSPONSOR.com) – The Hiring Incentives to Restore Employment (HIRE) Act was enacted into law on Thursday.
House Passes up Pension Funding Relief
March 17, 2010 (PLANSPONSOR.com) - Pension plan funding relief provisions have been left out of a jobs bill approved by the House Ways and Means Committee.
Court Rules AT&T Doesn't Have to Pay Benefit Mistakenly Reported
March 17, 2010 (PLANSPONSOR.com) – A federal court has found AT&T is not bound to provide a lump-sum benefit a service provider mistakenly told a retiree he would...
Have You Been Duped by the "Dirty" Dozen?
March 16, 2010 (PLANSPONSOR.com) – As the April 15 tax filing deadline nears, the Internal Revenue Service has issued its 2010 “dirty dozen” list of tax...
UK Pensioners Living Abroad Lose Appeal for Pension Increases
March 16, 2010 (PLANSPONSOR.com) - More than half a million UK pensioners living in other countries will continue to have their pensions frozen, a European Court has ruled.
Employee's Own Testimony Can Help Prove FMLA Eligibility
March 16, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that an employee's own testimony can be used in conjunction with medical evidence to prove eligibility for...
Senate Passes Bill to Expand 401(k) Roth Access, But…
March 16, 2010 (PLANSPONSOR.com) - A legislative amendment could make it easier for participants to do a Roth conversion within a 401(k) plan – but not...
TIAA Traditional Annuity not Exempt from Reporting
March 16, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor has issued an Advisory Opinion saying the Traditional Annuity offered by TIAA-CREF is not a fully allocated contract...
CO Increases Opportunity for Plans to Use Auto Enrollment
March 12, 2010 (PLANSPONSOR.com) - Colorado has enacted legislation to allow wage deductions for automatic enrollment in an employee retirement plan.
Ford Didn't Interfere with Benefits by Classifying Visteon Employees as Rehires
March 12, 2010 (PLANSPONSOR.com) – A federal appeals court has ruled that Ford Motor Company did not interfere with the retirement plan benefits of employees reacquired from two...
Ford Didn't Interfere with Benefits by Classifying Visteon Employees as Rehires
March 12, 2010 (PLANSPONSOR.com) – A federal appeals court has ruled that Ford Motor Company did not interfere with the retirement plan benefits of employees reacquired from two...
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...
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...
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.
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.
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.
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...