CEO Had no Obligation to Resign as Fiduciary of Health Plan
November 7, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Utah has determined that the CEO of a hotel and casino who also served in...
Compliance
IRS Issues Additional Auto Enrollment Guidance
November 7, 2007 (PLANSPONSOR.com) - The Treasury Department and the Internal Revenue Service (IRS) issued proposed regulations implementing new rules that facilitate the adoption of automatic contribution arrangements...
IRS, States to Share Info From Employment Tax Exams
November 7, 2007 (PLANSPONSOR.com) - The Internal Revenue Service and more than two dozen state workforce agencies say they have entered into agreements to share the results of...
Lump Sum Distribution Mortality Table Released
November 6, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) on Tuesday issued Revenue Ruling 2007-67 indicating the required mortality table defined benefit plan sponsors have to use...
KS State Worker Loses Constitutional Fight over Pension Tax
November 5, 2007 (PLANSPONSOR.com) - An employee of the Kansas Department of Revenue, who has been waging a constitutional fight against a $577 state tax bill based on...
Business Groups Back PPA Pension Funding Rules Delay
November 5, 2007 (PLANSPONSOR.com) - Eight business groups, including several players in the retirement services industry, have expressed their support for a measure delaying new pension funding rules...
Payments to Tenured Profs Ruled Taxable Wages
November 5, 2007 (PLANSPONSOR.com) - The University of Pittsburgh's early retirement payments to formerly tenured professors represent taxable income, not "buyouts," according to a federal appellate court.
Derivative Action Certification not Available for Fiduciary Breach Claim
November 2, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Connecticut has rejected a plan participant's motion to certify her fiduciary breach lawsuit as a...
Court: DB Participant Can't Sue for Excessive Fees
November 1, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Iowa ruled that a defined benefit plan participant had no standing to sue the...
Forced Sale of Employer Stock no Fiduciary Breach
November 1, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of New Jersey has ruled that plan fiduciaries did not breach their fiduciary duties under the...
HEROES Act Headed to House for Consideration
November 1, 2007 (PLANSPONSOR.com) - Legislation to protect the survivor benefits of service members killed in action passed the House Ways and Means Committee on Thursday and is...
That Complaint from the FTC? It's a Fraud.
October 31, 2007 (PLANSPONSOR.com) - Scammers are now trying to get onto your computer - by pretending to be a message from the Federal Trade Commission.
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...
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...
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...