Bill Would Waive Some 401(k) Withdrawal Penalties
May 18, 2009 (PLANSPONSOR.com) - Participants who are undergoing specific financial hardships would get some relief on 401(k) penalties under new legislation.
Compliance
IRS Opens Door for Safe Harbor Contribution Cuts
May 18, 2009 (PLANSPONSOR.com) - The Internal Revenue Service has proposed rules that would permit employers affected by substantial business hardship to decide mid-year to reduce or suspend...
Officials of Defunct Triangle Labs to Restore Plan Benefits
May 18, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained court judgments ordering that $97,317 in benefits be restored to the 401(k) retirement fund of now-defunct...
Indiana Employer Wins Mixed Ruling in Benefits Case
May 18, 2009 (PLANSPONSOR.com) - An Indiana manufacturer has received a mixed ruling from a federal judge in a lawsuit alleging its misdeeds in the handling of its...
PBGC to Takeover Foamex Pension Plan
May 18, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension plan covering some 5,500 employees and retirees of...
U.S. High Court Rules for Employer in Pre-Pregnancy Discrimination Act Case
May 18, 2009 (PLANSPONSOR.com) - The U.S. Supreme Court has ruled for the employer in a closely watched discrimination case over retroactive pension rights under the Pregnancy Discrimination...
PBGC, LandAmerica Work out Deal to Preserve Cash Balance Plan
May 15, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) and LandAmerica Financial Group Inc. of Glen Allen, Virginia, have announced an agreement to protect the company's...
Proposed COLI Deduction Limit could Impact NQDC Programs
May 15, 2009 (PLANSPONSOR.com) - Employers who have relied on corporate owned life insurance (COLI) to fund either non-qualified deferred compensation benefits or other post retirement benefits not...
Retiree Health Care Waiver not Taxable Income
May 15, 2009 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has ruled that an arrangement under which employees could give up the right to get retiree health benefits...
IRS Publishes New HSA Contribution Limits
May 15, 2009 (PLANSPONSOR.com) - The Internal Revenue Service has provided the 2010 inflation-adjusted amounts for Health Savings Plans (HSAs).
Supreme Court Turns Away USERRA Decision Appeal
May 14, 2009 (PLANSPONSOR.com) - The U.S. Supreme Court has turned aside a request to review a 6th U.S. Circuit Court of Appeals ruling finding that an employer...
IRS Distributes Pension Withholding Procedures
May 14, 2009 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has put out new withholding adjustment procedures for pension plans - to make sure those receiving pensions are...
CA Employer Wins Arbitration Dispute
May 14, 2009 (PLANSPONSOR.com) - The California Court of Appeal has ruled that an employer did not necessarily waive its right to arbitrate workplace claims by participating in...
Former PBGC Head Draws Scrutiny
May 14, 2009 (PLANSPONSOR.com) - The former head of the nation's private pension plan insurer is drawing fire over his interactions with financial services firms during a period...
Employer Loses Privilege in Defamation Case
May 14, 2009 (PLANSPONSOR.com) - Employers facing a potential defamation suit from an employee can't necessarily hide behind a qualified privilege by saying they thought the disputed statement...
"Change" May Include Employer-sponsored Programs
May 13. 2009 (PLANSPONSOR.com) - The Senate Finance Committee held a hearing on financing health care reform - and the current deductions for employer-sponsored programs are on the...
Obama Administration Reported Pondering Widespread Bank Pay Curbs
May 13, 2009 (PLANSPONSOR.com) - Fresh from efforts to regulate compensation practices at financial services firms receiving federal bailout money, Obama administration officials are reportedly now pondering ways...
PBGC, Health System Reach Agreement to Preserve Pensions
May 13, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced an agreement that will preserve a pension plan covering 3,800 workers and retirees at Wyoming Valley...
EBSA/SEC to Hold Target-Date Fund Hearing
May 12, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Securities and Exchange Commission will jointly hold a one-day hearing on...
Employer Cleared in Firing Dispute
May 12, 2009 (PLANSPONSOR.com) - A federal judge in Oregon has cleared an employer of wrongdoing in connection with allegations a former employee was fired in an effort...