HELP Committee Details Employer Mandate in Health Reform
July 2, 2009 (PLANSPONSOR.com) - Employers would have to offer health insurance coverage to employees or be assessed a penalty under a revamped health care reform bill put...
Compliance
High Court Accepts Xerox ERISA Case for Review
July 1, 2009 (PLANSPONSOR.com) - U.S. Supreme Court justices have agreed to consider an appeal of an Employee Retirement Income Security Act (ERISA) violations case involving the method...
Anheuser-Busch Sued Over QDIA Selection
July 1, 2009 (PLANSPONSOR.com) - Anheuser-Busch has been hit with a federal court lawsuit alleging the beermaker and a trustee improperly designated an overly risky qualified default investment...
Franken Thrust into Pension, Health Reform Debates
July 1, 2009 (PLANSPONSOR.com) - The newest U.S. Senator - Democrat Al Franken of Minnesota - will help ponder significant reforms in both the pension and health care...
SEC Votes on New Exec Comp Disclosure Proposals
July 1, 2009 (PLANSPONSOR.com) - The Securities and Exchange Commission voted on Wednesday to propose sweeping new disclosure rules about a company's leadership and compensation practices.
GASB Issues Guidance on Multi-employer OPEB Plans
June 29, 2009 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) has issued an exposure draft of a proposed statement that addresses issues related to the use of...
EBSA Fiduciary Program Heads to "Hotlanta"
June 29, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is taking its compliance seminar series to Atlanta.
High Court Tosses City's Move to Invalidate Promotion Exam
June 29, 2009 (PLANSPONSOR.com) - In a case that could impact employment practices around the country, a divided U.S. Supreme Court on Monday declared that the city of...
Target-Date Hearing Webcast Now Online
June 29, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has posted on its Web site the archived Webcast of the June 18,...
Fired Exec Not Entitled to Severance, Stock Plan Benefits
June 26, 2009 (PLANSPONSOR.com) - A federal appellate court has upheld a lower court decision supporting a Tulsa, Oklahoma, convenience store chain's decision to fire its real estate...
7th Circuit Panel Limits Ruling's 404(c) Effects
June 26, 2009 (PLANSPONSOR.com) - Faced with pressure to take another look at its February 2009 decision in a widely watched 401(k) excessive fee case, a federal appellate...
Federal Employees Could Get Sick Leave Credit under Bill Passed by House
June 26, 2009 (PLANSPONSOR.com) - Legislation that would allow federal employees under the Federal Employees Retirement System (FERS) to get credit in their pension calculation for unused sick...
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...
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...
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...
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...