Baucus Says His Reform Bill Will Cost Under $1T
June 26, 2009 (PLANSPONSOR.com) - Senate Finance Committee Chairman Max Baucus (D - Montana) said in a statement that the Congressional Budget Office told his committee its health...
Compliance
Citigroup Denial of COBRA to Resigned Employee Upheld by Court
June 26, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Western District of New York has agreed with Citigroup's decision not to continue COBRA medical coverage for...
5th Circuit Gives Pension Funds New Shot at Securities Suit
June 26, 2009 (PLANSPONSOR.com) - The 5th U.S. Circuit Court of Appeals has rejected a district court's decision denying class certification and granting summary judgment to Flowserve Corporation...
Smith Barney Fails to Get Pension Case Moved out of Court
June 25, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Southern District of Florida has declined to enforce arbitration clauses contained in account agreements between the City...
Fiduciaries May Need to Report Foreign Plan Investments
June 25, 2009 (PLANSPONSOR.com) - Retirement plan fiduciaries may have another acronym to worry about - FBAR - which is another name for the Report of Foreign Bank...
Miller 401(k) Fee Disclosure-Advice Bill Heads for House Floor
June 24, 2009 (PLANSPONSOR.com) - A closely-watched U.S. House bill mandating comprehensive 401(k) fee disclosures and dealing with plans providing investment advice made it out of committee on...
SEC Reportedly Set to Unveil Money Market Curbs
June 24, 2009 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) is expected to unveil tighter proposed restrictions for money-market mutual funds, according to people who have been...
SEC Proposes Money Market Funds Improvements
June 24, 2009 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has voted unanimously to propose rule amendments designed to significantly strengthen the regulatory framework for money market...
Pomeroy Shares Pension Funding Reform Thoughts
June 23, 2009 (PLANSPONSOR.com) - North Dakota Democratic U.S. Representative Earl Pomeroy on Tuesday unveiled a wide variety of possible approaches to helping defined benefit pension plans make...
IRS Finalizes List of 403(b) Documents Declared Out-of-Date
June 23, 2009 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has finalized its list of guidance documents issued in the last 45 years dealing with 403(b) plans declared...
ERIC: Health Reform Proposals Could Harm Employer-Sponsored System
June 23, 2009 (PLANSPONSOR.com) - In testimony before the House Education and Labor Committee, Michael Stapley, President and Chief Executive Officer of Deseret Mutual and Vice Chair of...
PBGC Takes Plans from Defunct VA Textile Firm
June 22, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than 6,000 former workers and retirees of Dan River...
Baucus Reportedly Considering Ways to Tax Health Benefits
June 22, 2009 (PLANSPONSOR.com) - FOX Business claims to have obtained a five-page presentation, prepared by the chairman of the Senate Finance Committee, Senator Max Baucus (D-Montana), that...
IRS Adds Tools to Help Prepare for Plan Audits
June 19, 2009 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has recently added updated tools to its Employee Plan Team Audit (EPTA) Web site.
Common Law Spouse Wins Right to Plan Distributions
June 19, 2009 (PLANSPONSOR.com) - Once two 401(k) plan administrators learned a dead participant's common-law spouse was legally validating her marital status, the plans should have postponed distribution...
EBSA Brings its Compliance Seminar to Chicago
June 19, 2009 (PLANSPONSOR.com) - Chicagoland plan sponsors, fiduciaries, and providers can bone up on their fiduciary responsibilities next week.
House Dems Roll Out Health Care Proposal
June 19, 2009 (PLANSPONSOR.com) - The chairmen of the three committees with jurisdiction over health policy in the U.S. House of Representatives - all Democrats - have unveiled...
Motorola Protected by 404(c) in Company Stock Suit
June 19, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has ruled that Motorola Inc. and fiduciaries of its 401(k) plan did not...
PBGC Takes Lehman Brothers Pension Plan
June 19, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) today announced it has assumed responsibility for the pension plan of more than 22,000 workers and retirees...
Pomeroy Puts Out Health Reform Bill
June 18, 2009 (PLANSPONSOR.com) - U.S. Representative Earl Pomeroy waded into the health care reform debate with a proposed bill that he says supports health systems that reward...