Latest News

Compliance |

IRS Increasing Focus on Large DB, DC Plans

March 19, 2004 (PLANSPONSOR.com) - The US Internal Revenue Service (IRS) is directing more attention to its Employee Plan Team Audits (EPTA) program in preparation of increased scrutiny...
Benefits |

Mass. Canadian Drug Bill Passes First Stage

March 18, 2004 (PLANSPONSOR.com) - A Massachusetts bill aimed at making cheaper prescriptions drugs from Canada available to state residents has cleared its first legislative hurdle.
Benefits |

Methodists Bless Drug Discounts

March 18, 2004 (PLANSPONSOR.com) - An arm of the United Methodist Church has a solution to high priced prescription drugs for its members - free pharmacy discount cards.
Investing |

Jobless Claims Fall

March 18, 2004 (PLANSPONSOR.com) - The number of jobless workers requesting first-time unemployment benefits saw a significant dip last week.
Benefits |

Task Force on Drug Importation Created

March 17, 2004 (PLANSPONSOR.com)-A new Task Force on Drug Importation, composed of 13 people named by Health and Human Services (HHS) Secretary Tommy G. Thompson, has been created...
Compliance |

Court Says Release Not a COBRA Notice

March 17, 2004 (PLANSPONSOR.com)—A federal court in New York ruled that a company owed an employee who became a qualified beneficiary a formal COBRA notice within the specified...
Compliance |

DoL, ULLICO Reach Settlement

March 16, 2004 (PLANSPONSOR.com) - A consent judgement has been reached in a case of pension plan assets used by the fund's advisor and life insurance company to...
Compliance |

401(k) Committee Members May Have Breached Duties

March 16, 2004 (PLANSPONSOR.com)佩(k) administrative plan committee members may have breached their fiduciary duties by "encouraging" plan participants to examine financial reports that, unbeknownst to the participants, contained...