Ex-Pats Get Tax Guidance from IRS
February 13, 2007 (PLANSPONSOR.com) - The Internal Revenue Service and U.S. Treasury have released guidance on the estimated tax penalty for citizens or residents of the United States...
Compliance
High Court to Decide Home Health Aide FLSA Exemption
February 13, 2007 (PLANSPONSOR.com) - A case now pending before the U.S. Supreme Court may decide whether home-health care agencies are required to pay their workers the minimum...
Court Upholds ADA Ruling Against Employer Who Reneged on Job Offer
February 13, 2007 (PLANSPONSOR.com) - The 8th U.S. Circuit Court of Appeals said that Titan Distribution Inc. wrongfully refused to hire an applicant based on a physical examination...
Plan Loans Repayments Count for Bankruptcy Repayment
February 12, 2007 (PLANSPONSOR.com) - A University of Toledo employee who took a loan from her profit-sharing retirement plan account before filing for U.S. Bankruptcy Court liquidation must...
DoL Gets outside Fiduciary for FL Plan
February 12, 2007 (PLANSPONSOR.com) - The Department of Labor (DoL) has gotten a court-appointed independent fiduciary to manage a Fernandina Beach, Florida executive search firm's pension plan.
PPA Allows Investment Managers of Pension Plans to Cross Trade
February 9, 2007 (PLANSPONSOR.com) - The Department of Labor (DoL) has announced that investment managers of Employee Retirement Income Security Act (ERISA) plans can execute cross-trades if certain...
Segal Sums Up PPA Requirements on Individual Benefit Statements
February 9, 2007 (PLANSPONSOR.com) - Segal has issued a reminder that the Department of Labor's (DoL) guidance on new requirements for individual benefit statements force plan sponsors to...
CPA Ordered to Pay $5,000 Restitution for Fiduciary Breach
February 8, 2007 (PLANSPONSOR.com) - A California CPA firm was ordered by a federal district court in Atlanta to make a restitution payment of $5,000 to the employee...
IRS Offers a Partial Backdating Solution
February 8, 2007 (PLANSPONSOR.com) - Internal Revenue Service officials have announced an initiative aimed at providing relief for rank-and-file employees affected by their companies' issuance of backdated and...
Firm Cleared of Wrongdoing in Early Retirement Benefits Cut Dispute
February 8, 2007 (PLANSPONSOR.com) - A Pennsylvania heavy plate and structural fabricator was within its rights when it reduced a worker's benefits by forcing the employee to resign...
Bush Budget Includes Employer Health Coverage Tax Changes
February 6, 2007 (PLANSPONSOR.com) - President Bush's latest budget proposal includes an end to the tax-exempt status of employer-provided health insurance payments.
MI City Council Broadens Definition of Employment Discrimination
February 6, 2007 (PLANSPONSOR.com) - The Lansing, Michigan City Council has passed an ordinance banning employment discrimination based on "irrelevant characteristics," including a person's source of income and...
9th Circuit Clears Road for Wal-Mart Gender Discrimination Class Action
February 6, 2007 (PLANSPONSOR.com) - A potentially huge gender discrimination lawsuit against retailer Wal-Mart Stores can move forward as a class action, a federal appellate court ruled Tuesday,...
NASD Fines Fidelity Broker-Dealers $3.75M for Recordkeeping Failures
February 5, 2007 (PLANSPONSOR.com) - The National Association of Securities Dealers (NASD) has fined four Fidelity broker-dealers a combined $3.75 million for faltering on some of their recordkeeping...
NQDC Provision Survives Senate Vote
February 2, 2007 (PLANSPONSOR.com) - U.S. Senators may have overwhelmingly approved a bill that includes a provision limiting non-qualified deferred compensation programs (NQDC), but the NQDC provision may...
Michigan Court Rebuffs Appeal for Same-Sex Domestic Partner Benefits
February 2, 2007 (PLANSPONSOR.com) - The Michigan Court of Appeals ruled Thursday that a 2004 amendment barring same-sex marriages prevents public employers from offering health benefits to same-sex...
Southwest's Fiduciary Breach Case Against Brinson Goes Forward
February 2, 2007 (PLANSPONSOR.com) - U.S. District Judge Sidney Fitzwater of the U.S. District Court for the Northern District of Texas has refused to dismiss a lawsuit brought...
DoL Sets Out Fiduciary Adviser Selection/Monitoring Guidelines
February 2, 2007 (PLANSPONSOR.com) - While plan sponsors and other fiduciaries must exercise prudence in choosing a fiduciary investment adviser and periodically monitor the adviser's abilities and qualifications,...
Employer Cleared of Retaliation Charges
February 1, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Kansas ruled that Deluxe Financial Services , Inc. did not fire a machine operator at...
OSHA Reminds Employers to Post Illnesses and Injuries Form
February 1, 2007 (PLANSPONSOR.com) - Employers are required by the Occupational Safety and Health Administration (OSHA) to post a summary of the total number of job-related injuries and...