PLANSPONSOR Weekend Newsdash
Week ending October 28th, 2016
Hello, PLANSPONSOR readers! Of course the big news this week is the announcement of contribution and benefits limits from the Internal Revenue Service (IRS), but there were also interesting developments in the courts. The AARP sued the Equal Employment Opportunity Commission (EEOC) for an injunction on its final wellness program rules, and since we reported that, an attorney has added some clarity about one of the AARP’s allegations that may surprise some plan sponsors. In addition, another church plan sponsor agreed to settle its lawsuit this week. We review procedures for correcting for an improper vesting calculation when a participant receives a payment, and the IRS has issued compliance relief for plan sponsors affected by Hurricane Matthew. All this and more in this edition of PLANSPONSOR Weekend.
Editor's choice
Deals and People
2017 Plan Sponsor of the Year Awards Nominations
The nomination period for our 2017 Plan Sponsor of the Year awards ends 11/4.Read more >
AARP Sues for Injunction of EEOC Wellness Program Rules
Among other things, the lawsuit says the Equal Employment Opportunity Commission failed to adequately justify its reversal of position and ignored comments on the proposed rules that expressed concern.Read more >
Providence Health Agrees to Settle Church Plan Challenge
The parties in the case reached a settlement following an appellate court’s conclusion that only a church can establish a church plan.Read more >
Correcting for an Improper Vesting Calculation
If a retirement plan pays an ex-employee less than its vesting schedule required, it could lose its qualified status.Read more >
IRS Relaxes Loan and Hardship Procedures for Hurricane Matthew Victims
The Internal Revenue Service (IRS) announced that defined contribution (DC) employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families.Read more >
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2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.
2020 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

Editorial: Alison Cooke Mintzer


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