Michael Vick Sued for Prohibited Pension Transfers
March 25, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor has filed a lawsuit in federal district court alleging that former National Football League (NFL) player Michael Vick...
Compliance
Eight AIG Stock Drop Cases Melded into One
March 24, 2009 (PLANSPONSOR.com) - A federal judge has consolidated eight employee stock drop cases against American International Group Inc. (AIG).
Pfizer, Pharmacia Stock Drop Case Moves Forward
March 18, 2009 (PLANSPONSOR.com) - A federal judge in New York has allowed current and former Pfizer Inc. and Pharmacia Corp. employees to move forward with their fiduciary...
GOP Congressmen Offer Savings Proposal
March 24, 2009 (PLANSPONSOR.com) - A group of Republican Congressmen have proposed a plan they say offers a shot in the arm for American savings.
Alcoa Retiree Health Benefit Cutback Suit Will Go To Trial
March 24, 2009 (PLANSPONSOR.com) - U.S. District Judge Thomas W. Phillips of the U.S. District Court for the Eastern District of Tennessee has refused to grant summary judgment...
Delphi Fiduciary Breach Suits Dismissed Against State Street
March 24, 2009 (PLANSPONSOR.com) - A federal judge in Michigan has ruled that State Street Bank and Trust Co. was acting within its scope as a directed 401(k)...
HELP Committee Hearing on Advice Focused on Conflicts of Interest
March 24, 2009 (PLANSPONSOR.com) - In his opening remarks before testimony during a hearing before the U.S. House Committee on Health, Education, Labor, and Pensions (HELP), Representative Robert...
Wachovia Securities to Pay $1M to Former Adviser in USERRA Case
March 23, 2009 (PLANSPONSOR.com) - The U.S. District Court for the District of Connecticut has ordered Wachovia Securities to reinstate a former adviser and pay him back pay...
ERISA Breach Suit Filed a Month Late
March 20, 2009 (PLANSPONSOR.com) - A federal appellate court has ruled that a fiduciary breach suit by a trustee of a Virginia tractor sales and services company's 401(k)...
DoL Delays Investment Advice Rules Implementation
March 20, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) has delayed the effective date of its final rules on providing retirement plan participant investment advice.
DoL Announces Model Notices for New COBRA Subsidy
March 19, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor has released model notices Secretary of Labor Hilda L. Solis says will "enable employers to quickly spell out...
Mangled by Madoff? The IRS Offers Tax Tips for Reporting Those Losses
March 17, 2009 (PLANSPONSOR.com) - There's been a lot of talk of late about so-called "Ponzi schemes", like the $50 billion one perpetrated on investors by Bernie Madoff.
IRS Issues Interim Rules for Pension Funding Relief
March 17, 2009 (PLANSPONSOR.com) - The Internal Revenue Service has issued Notice 2009-22, which provides interim rules regarding asset valuation methods that are permitted to be used by...
U.S. House Divestment Bill Debated at Subcommittee Session
March 16, 2009 (PLANSPONSOR.com) - A New York lawmaker asserted at a recent U.S. House subcommittee meeting that a bill allowing state and local governments to sell off...
Most Fiduciary Breach Claims Dismissed in Waste Management Stock Case
March 16, 2009 (PLANSPONSOR.com) - A federal judge has thrown out most of the fiduciary breach claims in a suit involving allegations State Street Bank & Trust Co....
Court Rules Former Participant Has No Standing for ERISA Claims
March 16, 2009 (PLANSPONSOR.com) - The U.S. District Court for the District of Minnesota has ruled that a former Wells Fargo employee who took a distribution of her...
Court Affirms No Benefits for Death of Unlicensed, Intoxicated Teenage Driver
March 16, 2009 (PLANSPONSOR.com) - The 6th U.S. Circuit Court of Appeals has affirmed an accidental death plan's decision, and a lower court's ruling, that a plan participant...
Releases Signed by Former Employees Do Not Bar ERISA Claims
March 16, 2009 (PLANSPONSOR.com) - The U.S. District Court for the District of Idaho has found that a release and waiver signed by former service station employees may...
Seeking Form 5500 Schedule C Suggestions
Seeking Form 5500 Schedule C Suggestions Nevin E. Adams
Legislation Would Add Auto Enrollment Feature to TSP
March 13, 2009 (PLANSPONSOR.com) - Tacked onto a U.S. House bill aimed at regulating tobacco products is legislation to make changes to the Federal Thrift Savings Plan (TSP).