Tellabs Wins Ruling in Company Stock Suit
June 4, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Illinois has ruled that Tellabs Inc. and fiduciaries of its retirement plan did not...
Compliance
NH Same Sex Marriage Bill Signed into Law
June 4, 2009 (PLANSPONSOR.com) - The New Hampshire legislature approved revisions to a same-sex marriage bill on Wednesday, and Governor John Lynch promptly signed the legislation, the New...
Getting Govt. Bailout Funds Doesn't Trigger 409A 'Change in Control'
June 4, 2009 (PLANSPONSOR.com) - Companies with a non-qualified deferred compensation plan (NQDC) under 409A can't make a payment under the plan based on getting government bailout funds.
Remainder of 2006 JPMorgan Cash Balance Class Action Settled
June 2, 2009 (PLANSPONSOR.com) - Class action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan and...
Starbucks Wins Legal Battle as Court Throws Out $86M Tip Ruling
June 2, 2009 (PLANSPONSOR.com) - Starbucks, the popular national coffee shop chain, walked away with a legal victory Tuesday when a California appellate court threw out a lower...
Pension Plans to Remain under GM Sponsorship during Bankruptcy
June 1, 2009 (PLANSPONSOR.com) - General Motors Corp.'s two defined benefit pension plans remain ongoing under GM's sponsorship although the auto giant has entered Chapter 11 bankruptcy protection.
Okla. High Court Reinstates Workers' Comp. Suit
June 1, 2009 (PLANSPONSOR.com) - The Oklahoma Supreme Court has ruled an employer's worker's compensation carrier is open to lawsuit for bad faith in a disability coverage dispute.
Kennedy Health Reform Measure Mandates Employer Coverage Contribution
June 1, 2009 (PLANSPONSOR.com) - U.S. Senator Edward Kennedy (D-Massachusetts) is expected as early as this week to unveil a sweeping health-care reform plan requiring every American to...
401(k) Loan Not a "Necessary Expense": 9th Circuit
May 29, 2009 (PLANSPONSOR.com) - The repayment of a 401(k) loan may be a real debt obligation, but it's not a "necessary expense" for bankruptcy purposes, according to...
PBGC Seizes Circuit City Pension Program
May 28, 2009 (PLANSPONSOR.com) - Faced with an abandonment by the now-defunct electronics retailer Circuit City, the nation's private-sector pension insurer has seized the pension plan governing nearly...
IRS Releases Stimulus Package Employer Tax Credit Guidance
May 28, 2009 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued guidance to employers about a Work Opportunity Tax Credit (WOTC) extended by the American Recovery and...
Gregoire Signs Bill Recognizing Domestic Partners in WA
May 27, 2009 (PLANSPONSOR.com) - Washington Governor Christine Gregoire signed into law S.B. 5688, which essentially makes state-registered domestic partnerships the equivalent of marriages.
PBGC Takes over Auto Parts Maker's Plan
May 26, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension plan covering 532 workers and retirees of Contech...
ERISA Council Session Scheduled June 11
May 26, 2009 (PLANSPONSOR.com) - The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will meet June 11 in Washington...
IRS Sets Out Limits for Employer-Owned Life Insurance Expense
May 26, 2009 (PLANSPONSOR.com) - The Internal Revenue Service has, in Notice 2009-48, set limits on expenses for employer-owned life insurance that policyholders can deduct from their gross...
CA High Court Ruling Creates Mixed System for Same-sex Couples
May 26, 2009 (PLANSPONSOR.com) - The California Supreme Court on Tuesday upheld Proposition 8, the voter-approved law restoring a ban on same-sex marriages, but left intact the more...
More Details Given on EBSA/SEC Hearing on Target-dates
May 22, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Securities and Exchange Commission (SEC) have provided more information regarding a...
1st Circuit Tweaks Benefits Denial Case Law
May 15, 2009 (PLANSPONSOR.com) - After tweaking their standard for how federal judges should handle employee benefits denial cases involving a conflicted plan administrator, federal appellate judges have...
Lawmakers Claim to 'Equalize Tax Treatment of Health Care' in New Proposal
May 21, 2009 (PLANSPONSOR.com) - U.S. Senators Tom Coburn, (R-Oklahoma) and Richard Burr (R-North Carolina) and U.S. Representatives Paul Ryan (R-Wisconsin) and Devin Nunes (R-California) introduced health care...
EBSA Again Extends Effective Date of Advice Rule
May 21, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has announced publication of a notice further extending the applicability and effective dates...