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| Compliance | |
| Court Finds Advocate Health Retirement Plan Not a Church Plan | |
| A federal district court has found the defined benefit (DB) retirement plan of Advocate Health Care Network and its subsidiaries is not a “church plan” under the Employee Retirement Income Security Act (ERISA). United States District Judge Edmond E. Chang of the U.S. District Court for the Northern District of Illinois concluded a statutory analysis reveals that the Advocate plan does not qualify as a church plan and is instead fully subject to ERISA’s requirements. Chang denied Advocate’s motion to dismiss the case.Read more > | |
| DOL Investigating RadioShack 401(k) Plan | |
| In an 11-K filing with the Securities and Exchange Commission (SEC), RadioShack Corporation revealed that the Department of Labor is investigating its 401(k) plan. The filing says RadioShack is facing several lawsuits over the company stock investment offering in the plan.Read more > | |
| District Court Moves Forward Boeing Fee Case | |
| The U.S. District Court for the Southern District of Illinois moved on three motions pending in Spano vs. The Boeing Company, a case about excessive 401(k) plan fees involving nearly 200,000 retirement plan participants. Besides denying Boeing’s request for summary judgment on the merits of the case, the court also granted in part and denied in part Boeing’s motion for summary judgment based on the Employee Retirement Income Security Act’s (ERISA’s) six-year statute of limitations. The court also denied plaintiffs’ motion to strike certain reply briefs filed by Boeing—moving the case one step closer to resolution.Read more > | |
| Small Talk | |
ON THIS DATE: In 1838, Samuel Morse publicly demonstrated the telegraph for the first time. In 1912, New Mexico became the 47th U.S. state. In 1945, the Battle of the Bulge ended with 130,000 German and 77,000 Allied casualties. In 1952, the “Peanuts” comic strip debuted in Sunday papers across the United States. In 1963, “Wild Kingdom” premiered on NBC. In 1994, figure skater Nancy Kerrigan was clubbed on the right leg by an assailant at Cobo Arena in Detroit, Michigan. Four men were later sentenced to prison for the attack, including competitor Tonya Harding’s ex-husband. In 1999, Bob Newhart received a star on the Hollywood Walk of Fame.
TUESDAY TRIVIA: A group of porcupines is called a prickle. | |
| TRIVIAL PURSUITS: From what did the phrase willy-nilly originate?Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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