NY Court Allows Facebook and MySpace Data as Evidence
October 22, 2010 (PLANSPONSOR.com) – The New York Supreme Court in Suffolk County has granted an office chair maker’s motion to use a worker’s Facebook and MySpace account...
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PBGC Takes Tire Company Pension
October 22, 2010 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering more than 600 former workers and retirees of...
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Interview Attire: Pajamas with Slippers?
October 22, 2010 (PLANSPONSOR.com) – Hiring managers often see crazy things, but some of the job applicant outfits reported in a recent poll lend new urgency to the...
Cash Balance Plaintiff to get Attorney’s Fees
October 22, 2010 (PLANSPONSOR.com) – A federal judge in Illinois has ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for...
CalPERS and CIM Group Renew Relationship
October 22, 2010 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) has entered into a letter agreement with CIM Group designating CIM as a strategic investment manager...
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Firm Helps Public DB Sponsors Manage Market Volatility Effects
October 22, 2010 (PLANSPONSOR.com) - Cavanaugh Macdonald Consulting has announced a patented method for determining counter-cyclical employer contributions to public sector defined benefit plans.
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Brown Pushing Twin CA Pension Probes.
October 21, 2010 (PLANSPONSOR.com) – California Attorney General Edmund G. Brown Jr. has asked a court to appoint a monitor to oversee finances and management in the city...
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CalPERS to Post Travel Expense Documents
October 21, 2010 (PLANSPONSOR.com) – The California Public Employees Retirement System (CalPERS) has approved a plan under which all Board members and key staff members will see their...
Former EBSA Secretary Raises Questions on Fiduciary Definition Change
October 21, 2010 (PLANSPONSOR.com) – The former Assistant Secretary of the Department of Labor’s Employee Benefit Security Administration (EBSA) said the new fiduciary definition proposal by the DoL...
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Pharmacy Cooperative in new Deal with CVS Caremark
October 21, 2010 (PLANSPONSOR.com) – National CooperativeRx, a pharmacy benefit purchasing collaborative owned by employers and labor organizations, has worked out a new agreement with CVS Caremark.
EBSA Answers Questions on Proposed Fiduciary Definition Change
October 21, 2010 (PLANSPONSOR.com) – In a press call on the Department of Labor’s newly proposed revised definition of fiduciary under the Employment Retirement Income Security Act (ERISA),...
BREAKING NEWS: DoL Broadens Fiduciary Net
October 21, 2010 (PLANSPONSOR.com) – For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary...
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Web Site Helps Employers Choose Best Retirement Plan
October 21, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) and the American Institute of Certified Public Accountants (AICPA) have launched a Web site to help small...
Sauber Named as Advantus Client Strategies Chief
October 21, 2010 (PLANSPONSOR.com) – Advantus Capital Management, an institutional fixed income and real-estate securities asset manager, has created the Client Strategies Group in its insurance asset management...
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Firm Unveils Precious Metals ETF
October 21, 2010 (PLANSPONSOR.com) – ETF Securities announced that ETFS Precious Metals Basket shares will list on the NYSE Arca on October 22, 2010, trading under the ticker...
Benefits |
DC Plan Loan and Withdrawal Activity Edged Higher in 2010
October 21, 2010 (PLANSPONSOR.com) - A report from the Investment Company Institute with data on almost 24 million defined contribution retirement accounts shows that in the first half...
Benefits |
Retirement Assets Down in Q2 2010
October 21, 2010 (PLANSPONSOR.com) - A new report from the Investment Company Institute shows that between March 2010 and June 2010, retirement assets fell 5.1%, from $16.5 trillion...
DoL Sues Money Managers over Plans’ Madoff Losses
October 21, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has accused four money management firms of violating their fiduciary duties by causing hundreds of millions of...
PBGC Takes MI Auto Supplier Plan under Its Wing
October 20, 2010 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering 570 former workers and retirees of FormTech Industries,...
NQDC Plan Sponsors Reminded of 409A Compliance Deadline
October 21, 2010 (PLANSPONSOR.com) – Employers with a non-qualified deferred compensation plan (NQDCP) that has not been amended to comply with Section 409A of the tax code have...