US House Approves Compromise Bill with HSA Revisions
December 8, 2006 (PLANSPONSOR.com) - The US House on Friday approved a tax package hammered out with Senate negotiators that would enhance the appeal of health savings accounts...
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Senate Bill Would Extend Mental Health Parity Provisions
December 8, 2006 (PLANSPONSOR.com) - A broader tax bill offered by the two top members of the US Senate Finance Committee would extend for another year a law...
Appellate Court Rules Options Taxable When Exercised
December 7, 2006 (PLANSPONSOR.com) - In the first time it has considered the issue, a federal appeals court has ruled that an employee's nonqualified stock options from his...
Court OKs Class Action in Aon 401(k) Company Stock Suit
December 6, 2006 (PLANSPONSOR.com) - A federal judge in Chicago has certified as a class action a lawsuit against Aon Corp. over allegations 401(k) participants lost ten of...
DoL Makes 2006 M-1 Form Available
December 6, 2006 (PLANSPONSOR.com) - The US Department of Labor's Employee Benefits Security Administration (EBSA) will make available Thursday the 2006 Form M-1 annual report for multiple employer...
PPF Rebuffs Risk-Based Pension Insurance Levy
December 5, 2006 (PLANSPONSOR.com) - UK pension plans that favor potentially riskier investments will not get hit with higher insurance premiums to the Pension Protection Fund (PPF), regulators...
PBGC Puts Out 2007 Maximum Benefit Payments
December 5, 2006 (PLANSPONSOR.com) - The nation's private-sector defined benefit pension insurer announced Tuesday the maximum annual benefit for participants in plans terminating in 2007 is $49,500 for...
A.G. Edwards Excessive 401(k) Fee Suit Passes First Hurdle
December 4, 2006 (PLANSPONSOR.com) - A federal judge has cleared the way for a former employee of A.G. Edwards to continue pressing forward with his Employee Retirement Income...
NASD Fines Jefferies $5.5M for 'Improper Gifts' to Fidelity Traders
December 4, 2006 (PLANSPONSOR.com) - The NASD announced Monday it has slapped Jefferies & Company with a $5.5-million fine for providing "improper gifts and entertainment" to Fidelity stock...
Court Rejects Antitrust Objections over Companies' Canadian Drug Blockade
December 4, 2006 (PLANSPONSOR.com) - The 8th US Circuit Court of Appeals said that pharmaceutical companies did not violate antitrust laws when they banded together to try and...
EBSA Asks for a Hand in Developing 401(k), IRA Advice Regs
December 1, 2006 (PLANSPONSOR.com) - As federal regulators continue filling in the detailed framework for the Pension Protection Act's (PPA) provisions, they are now asking for public comment...
DoL: Teacher Dental Plan Included under FMLA
December 1, 2006 (PLANSPONSOR.com) - The US Department of Labor (DoL) has sided with a teachers' union in asserting that benefits under a stand-alone, self-insured group dental plan...
DoL Says Stock Windfall Belongs to Participants
December 1, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) announced it is suing the Iowa Association of Business and Industry over a stock windfall that the organization...
DoL Provides Multiemployer Plan Election Model Notice
November 30, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) has announced that a model notice, which may be used by employee benefit plans electing to be treated...
GAO Urges Congress to Consider 401(k) Plan Fee Disclosure
November 30, 2006 (PLANSPONSOR.com) - A report from the Government Accountability Office (GAO) urges Congress to amend the Employee Retirement Income Security Act (ERISA) to require more comprehensive...
Judge Freezes McGuire's Unexercised Options
November 30, 2006 (PLANSPONSOR.com) - A federal judge has frozen outgoing UnitedHealth Group CEO William McGuire's unexercised stock options and pending retirement plan benefits until a special review...
IRS Issues Guidance on Employer Stock Account Diversification
November 30, 2006 (PLANSPONSOR.com) - The Treasury Department and IRS have issued Notice 2006-107 providing transition guidance on the provision of the Pension Protection Act of 2006 (PPA)...
Guidance Provides Relief for 409A Income Reporting
November 30, 2006 (PLANSPONSOR.com) - The Treasury Department and the Internal Revenue Service (IRS) have issued Notice 2006-100 providing guidance to executive compensation plan sponsors and participants on...
Recent Pension Laws Clarify Non-Qualified Plan Issues
November 29, 2006 (PLANSPONSOR.com) - A white paper released by National Retirement Partners, LLC and The Baker Companies discusses how the American Jobs Creation Act of 2004 (AJCA)...
Ireland Increases Paid Maternity Leave to 26 Weeks
November 29, 2006 (PLANSPONSOR.com) - Up to 43,000 mothers in Ireland will qualify for an extra month of paid maternity leave starting in March 2007 under a new...