PBGC Takes Over GA Manufacturer's Plan
August 10, 2007 (PLANSPONSOR.COM) - The nation's private-sector pension insurer has taken over the pension plan covering more than 1,400 workers and retirees at a Clarkesville, Georgia, button...
Compliance
EBSA Seems to be Cracking Down on Service Provider Gifts
August 9, 2007 (PLANSPONSOR.com) - The International Foundation of Employee Benefit Plans (IFEBP) has reported on what appears to be stricter enforcement by some offices of the Department...
EBSA Seems to be Cracking Down on Multiemployer Plan Service Provider Gifts
August 9, 2007 (PLANSPONSOR.com) - The International Foundation of Employee Benefit Plans (IFEBP) has reported on what appears to be stricter enforcement by some offices of the Department...
DoL Sets Co. Stock Notice Violation Penalty Rule
August 9, 2007 (PLANSPONSOR.com) - Federal regulators have released a final rule giving the government the ability to fine plan administrators up to $100 per day per violation...
DoL Sues Orlando Firm over $2.5M in Inappropriate Plan Loans
August 9, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) has filed suit against an Orlando company and the fiduciaries of its profit sharing plan, claiming they...
IRS Extends Transitional Relief for Indian Tribal Plans
August 9, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued Notice 2007-67 extending the time Indian Tribal Governments (ITG) have to amend their plans to satisfy...
Former Brocade CEO Gets 10 Guilty Verdicts for Backdating Charges
August 8, 2007 (PLANSPONSOR.com) - Former Brocade Communications CEO Gregory Reyes was convicted Tuesday on 10 felony counts relating to the backdating of stock options in the first...
Widow Gets OK to Pursue Wrongful Benefits Denial Claim
August 8, 2007 (PLANSPONSOR.com) - A federal judge in Delaware has cleared the way for a woman whose husband was killed in a car accident while on a...
IRS Clarifies 409A NQDC Rules' Impact on Teacher Comp
August 8, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued new publications to explain how the 409A nonqualified deferred comepsnation rules may apply to school district...
Judge Formally Blocks MA Benefits Discrimination Probe
August 7, 2007 (PLANSPONSOR.com) - A Boston federal judge has issued an injunction blocking an investigation by the Massachusetts Commission Against Discrimination (MCAD) into whether an employer illegally...
Court: Participant Can Still Sue Despite PBGC as DB Plan Trustee
August 6, 2007 (PLANSPONSOR.com) - A federal appellate court has ruled that a defined benefit plan participant can still pursue a fiduciary breach claim against the plan's investment...
Court: Participant Can Still Sue Despite PBGC as DB Plan Trustee
August 6, 2007 (PLANSPONSOR.com) - A federal appellate court has ruled that a defined benefit plan participant can still pursue a fiduciary breach claim against the plan's investment...
IRS Puts Out Updated Cafeteria Benefit Plan Proposed Regs
August 3, 2007 (PLANSPONSOR.COM) - Employers offering cafeteria plan benefits are getting new guidance with the release of new proposed reorganized and updated regulations for the plans from...
San Diego Illegal Pension Challenge too Late: Judge
August 3, 2007 (PLANSPONSOR.com) - Superior Court Judge Jeffrey Barton has dealt another blow to San Diego City Attorney Michael Aguirre's quest to roll back certain city pension...
Bankruptcy Court to Decide Oneida/PBGC "Termination Fee" Dispute
August 1, 2007 (PLANSPONSOR.com) - A bankruptcy judge must decide whether flatware maker Oneida Ltd is exempt from paying about $6.9 million in "termination fees" to the Pension...
Cashed-Out Participant Has Standing in Employer Stock Case
August 1, 2007 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals has decided the Employee Retirement Income Security Act (ERISA) gives a cashed-out former employee the right...
PBGC Commends Towers Automotive for Keeping Pension Obligations
August 1, 2007 (PLANSPONSOR.com) - The interim director of the Pension Benefit Guaranty Corporation (PBGC) has praised Tower Automotive for emerging from bankruptcy with its pension plan still...
Court Denies Reimbursement of Losses from 401(k) Withdrawal Delay
July 31, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Arkansas has denied a former 401(k) participant's request to be reimbursed for losses to...
Nike Settles Discrimination Charges for $7.6M
July 31, 2007 (PLANSPONSOR.com) - Nike Inc. has agreed to a $7.6 million settlement in a class action case charging the company with racial discrimination at one of...
U.S. House Passes Measure Lifting Pay Lawsuit Time Limit
July 31, 2007 (PLANSPONSOR.com) - The U.S. House of Representatives voted Tuesday along party lines to effectively strip the time limits on when workers can sue for pay...