With Time to Prepare, 22c-2 Deadline Passed without Fanfare
October 31, 2007 (PLANSPONSOR.com) - With an extended time to prepare, the final kick-in date for the anti-market timing rule 22c-2 came and went earlier this month with...
Compliance
PBGC Benefit Limit Rises 4.5% for 2008
October 30, 2007 (PLANSPONSOR.com) - The nation's private-sector pension insurer has raised the annual maximum benefit level for participants retiring at 65 in underfunded plans terminating in 2008...
Convenience Store Manager Loses OT Legal Battle
October 30, 2007 (PLANSPONSOR.com) - A former convenience store manager has been dealt a legal setback in her battle to win back pay for overtime hours worked.
Appellate Court Upholds Business Owner's Conviction for Hiring Illegal Aliens
October 29, 2007 (PLANSPONSOR.com) - A federal appellate court has upheld the felony convictions and prison terms for a Florida business owner and his accountant who had been...
OK Gun Policy Law Violates OSHA's 'General Duty' Clause
October 29, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Oklahoma said that a state law that prohibits employers from forbidding weapons at the...
Judge Refuses Reconsideration Request on Deere Fee Suit Dismissal
October 26, 2007 (PLANSPONSOR.COM) - Sticking to his earlier contention that Deere & Co. was not obligated to disclose the revenue sharing arrangements in its 401(k) plan, a...
NY Law Firm Settles Sexual Orientation Discrimination Suit
October 26, 2007 (PLANSPONSOR.com) - New York law firm Sullivan & Cromwell reached a settlement with a former first year mergers and acquisitions associate who claimed that the...
Rangel Bill Would Tax Stock Option Exercise in S Corps. with ESOPs
October 26, 2007 (PLANSPONSOR.com) - U.S. Representative Charles Rangel (D-New York) has unveiled a bill requiring the recognition of ordinary income on the exercise of stock options in...
NY Adjusts Stock Option Allocation Rules for Part-year Residents
October 26, 2007 (PLANSPONSOR.com) - The New York State Department of Taxation and Finance has modified amended rules for the tax treatment of stock option grants for nonresidents...
Ohio Panel Approves Maternity Leave Rule
October 26, 2007 (PLANSPONSOR.COM) - A new state rule approved this week by the Ohio Civil Rights Commission requires companies with four or more employees to grant women...
MO Firm Committed COBRA Notice Violation
October 26, 2007 (PLANSPONSOR.COM) - A federal judge in Missouri has ruled that a Missouri manufacturer failed to provide a former employee's wife with the required notice of...
Kohl to Unveil Senate Version of 401(k) Fee Disclosure Legislation
October 25, 2007 (PLANSPONSOR.com) - The Chairman of the Senate Special Committee on Aging said at a hearing Wednesday that consumers have a basic right "to clearly know...
Reaction to Final QDIA Regs by Industry Professionals is Positive
October 25, 2007 (PLANSPONSOR.com) - Industry professionals are generally pleased with the final QDIA rules and mostly say the regulation addresses issues they had raised with the Department...
Ways and Means Committee to Hear Testimony on DC Plan Fees
October 24, 2007 (PLANSPONSOR.com) - The U.S. House Ways and Means Committee will hold an October 30 hearing to discuss the fees charged to participants enrolled in defined...
IRS Extends 409A Tax Reporting Guidance to 2007
October 24, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued interim guidance generally extending to 2007 the 409A tax reporting guidance that was applicable to 2005...
That "Harassment Complaint Update" from the EEOC? Uh-huh.
October 23, 2007 (PLANSPONSOR.com) - Just in time for trick-or-treat, scammers are now pretending to be the U.S. Equal Employment Opportunity Commission (EEOC).
More Details of Final QDIA Regulation Emerge
October 23, 2007 (PLANSPONSOR.COM) - Saying it was "probably the most important regulation issued resulting from the Pension Protection Act of 2006," Bradford Campbell, Assistant...
Lawmaker Proposes Penalty-Free Retirement Account Withdrawals for Mortgage Payments
October 22, 2007 (PLANSPONSOR.com) - Minnesota Senator Norm Coleman has proposed legislation that would allow individuals who are 60 days late on their mortgage payments to dip into...
PBGC Takes on Brazilian Air Carrier's Pension Plans
October 22, 2007 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) is taking over two pension plans that cover the 800 U.S. employees of Brazilian air carrier Varig...
Employer and Clinic Liable after HIV Results Sent by Fax
October 22, 2007 (PLANSPONSOR.com) - In a 4-3 decision, the Supreme Court of Florida has decided an employer and medical clinic can be held liable for emotional distress...