Court Revives Fifth Third Stock Drop Suit
September 5, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals has revived a lawsuit against Fifth Third Bank concerning company stock holdings in its employee retirement...
Latest News
Guidance Issued About 90-Day Waiting Period
September 5, 2012 (PLANSPONSOR.com) – Regulators have defined the meaning of the 90-day waiting period under the Public Health Service Act and how it applies to employee enrollment...
Pensions Agree to Co-Lead Wal-Mart Bribery Suit
September 5, 2012 (PLANSPONSOR.com) - Lawsuits regarding Wal-Mart Stores' handling of allegations that it paid bribes in Mexico will be consolidated and led by three pension funds.
Products |
MassMutual Claims The Hartford’s Retirement Business
September 4, 2012 (PLANSPONSOR.com) - Massachusetts Mutual Life Insurance Company and The Hartford have entered into a definitive agreement for MassMutual to purchase The Hartford’s Retirement Plans business.
Products |
Acadian Unveils Dividend-Based Equity Strategy
September 4, 2012 (PLANSPONSOR.com) - An alpha-generating investment process that draws on the global dividend-paying universe was developed by Acadian Asset Management LLC.
Court Finds Withdrawal Liability Calculation Suspect
September 4, 2012 (PLANSPONSOR.com) – A federal appellate court found a multiemployer pension plan’s determination of a participating employer’s withdrawal liability was excessive.
Benefits |
Advisers and Annuities Boost Retirement Confidence
September 4, 2012 (PLANSPONSOR.com) – Retirement confidence is high for both Baby Boomers and Generation X, according to a report from the Insured Retirement Institute (IRI).
Benefits |
States Turn to Hybrids, New Formulas to Manage Funding
September 4, 2012 (PLANSPONSOR.com) - So far in 2012, eight states have made major structural changes in state retirement plans, according to a report from the National Conference...
PBGC Provides Guidance for New Premium Rules
September 4, 2012 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) issued Technical Update 12-1, providing guidance for new regulations regarding PBGC premiums.
ING Makes Retirement Business Appointments
September 4, 2012 (PLANSPONSOR.com) - ING U.S.’s Retirement business announced several personnel appointments to support the company’s small-mid corporate retirement plans market.
Benefits |
Fee Disclosures Should Not Lead to Rash Decisions
September 4, 2012 (PLANSPONSOR.com) – “The main thing is… don’t get excited.”
IRS Stops Forwarding Letters for Missing Participants
September 4, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) issued Revenue Procedure 2012-35, IRB 2012-37, revising the scope of the IRS letter-forwarding program.
Pension Reform Could Save CalPERS $42B
September 4, 2012 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) released an actuarial cost analysis of the proposed Public Employee Pension Reform Act (PEPRA) of 2013.
Benefits |
Texas TRS Finds Other Plans More Costly
September 4, 2012 (PLANSPONSOR.com) - A report for the Teachers Retirement System (TRS) of Texas shows a move from the current defined benefit plan will result in increased...
IRS Adds Session for EPCRS Phone Forum
August 31, 2012 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) announced its plan phone forum about fixing 403(b) plan mistakes is full.
Ill. Company to Restore $2.7M to 401(k)
August 31, 2012 (PLANSPONSOR.com) - Elmhurst, Illinois-based A.B.D. Tank & Pump Co. has been ordered to restore $2,767,051 to the company’s retirement plan.
Products |
Pentegra to Provide Retirement Products for New York Banks
August 30, 2012 (PLANSPONSOR.com) - Pentegra Retirement Services’ retirement plan products have been selected for members of the Independent Bankers Association of New York State (IBANYS).
SEC Issues Financial Literacy Study
August 30, 2012 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has completed a study about investors mandated by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection...
Benefits |
Working to Age 70 Still Not Enough for Many
August 30, 2012 (PLANSPONSOR.com) - Working to age 70 will not guarantee adequate income in retirement for many, according to research from the Employee Benefit Research Institute (EBRI).
Products |
CEFEX Offers Service Provider Disclosure Review
August 30, 2012 (PLANSPONSOR.com) - The Center for Fiduciary Excellence (CEFEX) has introduced a service which helps plan sponsors mitigate the risk associated with the selection of service...