IRS Issues HSA Trustee/Custodian Reminder
August 11, 2005 (PLANSPONSOR.com) - Federal tax officials have issued a reminder about the rules under which trustees or custodians can be appointed for a health savings account...
Compliance
Sprint Settles $29M Suit with Plan Participants Claiming Fiduciary Breach
August 11, 2006 (PLANSPONSOR.com) - A US District Judge gave his nod to a settlement by Sprint Nextel Corp. to shell out $25 million to more than 85,000...
Court: USERRA Doesn't Preclude Workplace Arbitration
August 10, 2006 (PLANSPONSOR.com) - A federal appellate court ruled employer arbitration policies may be used to settle employee complaints including potential violations of laws barring discrimination against...
Texas Lawmaker Ponders Quarterly Public Pension Reports
August 10, 2006 (PLANSPONSOR.com) - Two Texas lawmakers are studying whether to require Lone Star State public pension systems to report their financial conditions more frequently as a...
Court Denies Expectation of Privacy for Workplace Internet Access
August 9, 2006 (PLANSPONSOR.com) - The 9th US Circuit Court of Appeals has confirmed a lower court ruling that an employee accused of receiving child pornography had no...
Tax Officials Put Out Protected Benefits Guidance
August 9, 2006 (PLANSPONSOR.com) - Federal officials have released final rules to help explain how a federal tax code section, dealing with protected benefits, is affected by rules...
Pension Reform Influences Automatic Enrollment Designs
August 9, 2006 (PLANSPONSOR.com) - The Pension Protection Act, now passed by both the House and Senate and waiting for President Bush's signature, contains a number of potentially...
Appellate Cash Balance Ruling Applauded for being Succinct, Clear
August 8, 2006 (PLANSPONSOR.com) - Several retirement services industry observers on Tuesday applauded a federal appellate court ruling throwing out a decision involving IBM that declared cash balance...
Calif. Supreme Court: Employee's "At Will" Contract has Clear Meaning
August 7, 2006 (PLANSPONSOR.com) - The California Supreme Court reversed an appellate court decision and ruled Thursday that employers do not need a reason to fire employees who...
IBM Cash Balance Discrimination Ruling Reversed
August 7, 2006 (PLANSPONSOR.com) - The 7th U.S. Circuit Court of Appeals has overturned a district court's decision that IBM discriminated against older workers when it converted from...
Judge Agrees Lack of SPD Caused Coverage Lapse
August 4, 2006 (PLANSPONSOR.com) - The US District Court for the Western District of Virginia ruled that an employer breached its fiduciary duties by not providing a Summary...
DOL Says 12b-1 Fees Not 'Sales Commissions' Under PTE 77-3
August 4, 2006 (PLANSPONSOR.com) - An advisory from the Department of Labor said that unrelated brokers of a 401(k) plan's self-directed brokerage account can collect 12b-1 fees for...
ERISA Claim is Time-barred in Spite of Disclosure Violation
August 4, 2006 (PLANSPONSOR.com) - The 9th US Circuit Court of Appeals ruled that, though a pension plan violated its duties under the Employee Retirement Income Security Act...
Deloitte Finds Sponsors Focused on Funding Volatility in Pension Reform
August 4, 2006 (PLANSPONSOR.com) - The majority of respondents (72%) to Deloitte Consulting LLP's 2006 Global Rewards Pension Survey, when asked about provisions of the Pension Protection Act...
Employee Terminated for Cause will not Receive Severance
August 3, 2006 (PLANSPONSOR.com) - The US District Court for the District of Minnesota has ruled in favor of U.S. Bancorp for denying severance benefits to an employee...
IRS Issues Final Coverage Testing Regs for Tax-Exempt ERs
August 3, 2006 (PLANSPONSOR.com) - The Internal Revenue Service has issued final regulations regarding Section 410 coverage requirements for 401(k) plans under the Employee Retirement Income Security Act...
Employee Awarded Workers Comp for Injuries from Helpful Coworkers
August 1, 2006 (PLANSPONSOR.com) - The Connecticut Supreme Court ruled that a man injured by co-workers trying to prevent him from hurting himself or others during a seizure...
Court Upholds Workers' Comp Award to Illegal Immigrant
August 1, 2006 (PLANSPONSOR.com) - The Appellate Division for the Third Judicial Department of the New York State Supreme Court has upheld a Workers' Compensation Law Judge (WCLJ)...
Employment After Bankruptcy Could Botch Relief Grant
August 1, 2006 (PLANSPONSOR.com) - A decision by the 5th Circuit Court of Appeals says a bankruptcy court can consider a debtor's employment status even after he files...
Abortion Ad Signing Not Protected Job Activity
July 31, 2006 (PLANSPONSOR.com) - A former Wilmington, Delaware, English and religion teacher at a private Catholic school lost her bid to regain her job when a federal...