Final Regs Issued Concerning Prohibited ESOP Allocations
December 19, 2006 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) and Treasury Department have issued final regulations that provide guidance...
Tag: Company Stock
Court OKs Class Action in Aon 401(k) Company Stock Suit
December 6, 2006 (PLANSPONSOR.com) - A federal judge in Chicago has certified as a class action a lawsuit against Aon...
IRS Issues Guidance on Employer Stock Account Diversification
November 30, 2006 (PLANSPONSOR.com) - The Treasury Department and IRS have issued Notice 2006-107 providing transition guidance on the provision...
Former Employee Has no Standing in Company Stock Suit
October 27, 2006 (PLANSPONSOR.com) - The US District Court for the Eastern District of New York ruled that a 401(k)...
Most of Coke Company Stock Suit Dismissed
October 24, 2006 (PLANSPONSOR.com) - A federal judge in Georgia has thrown out most allegations in a lawsuit that charged...
Agway Company Stock Suit Cleared for Further Proceedings
October 16, 2006 (PLANSPONSOR.com) - 401(k) participants have won approval to proceed with their fiduciary breach lawsuit against their employer...
DoL Sues Agway over Co. Stock Fund Management
October 16, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) has announced it has filed a lawsuit against fiduciaries of...
Court Approves $11M Settlement in Co. Stock Suit
October 11, 2006 (PLANSPONSOR.com) - The US District Court for the Southern District of Ohio has approved an $11 million...
Court Throws Out Chicago Tribune Fiduciary Breach Case
October 5, 2006 (PLANSPONSOR.com) - Because the effect of an advertising scandal on the Tribune Company's bottom line was minimal,...
Court OKs $100M AOL Time Warner 401(k) Suit Settlement
October 4, 2006 (PLANSPONSOR.com) - A federal judge in New York has approved a $100-million settlement in a 401(k) fiduciary...
Benefits |
Wal-Mart to Restrict New Hire Health Coverage
September 27, 2006 (PLANSPONSOR.com) - Wal-Mart - the frequent target of critics who claim it does not properly provide health...
Ex-Motorola Worker Cannot File Company Stock Suit
August 17, 2006 (PLANSPONSOR.com) - Because a former Motorola employee no longer participated in the company's 401(k) plan and had...
Ex-Wal-Mart Exec Hit with Home Confinement Sentence
August 11, 2005 (PLANSPONSOR.com) - Wal-Mart's former second-ranked executive received a federal court sentence on Friday, involving home confinement, probation...
Benefits |
Wal-Mart Raises Starting Pay
August 8, 2006 (PLANSPONSOR.com) - Wal-Mart announced it has raised the starting rate in more than 1,200 Wal-Mart stores and...
Chicago Council OKs 'Big Box' Wage, Benefit Bill
July 27, 2006 (PLANSPONSOR.com) - In a move that echoes several states' efforts to pressure large retailers to offer richer...
Judge: ERISA Trumps MD 'Wal-Mart' Health Care Law
July 19, 2006 (PLANSPONSOR.com) - A federal judge threw out a controversial Maryland law on Wednesday that regulated the amount...
Kmart Settles Company Stock Lawsuit
June 29, 2006 (PLANSPONSOR.com) - A US District Judge has approved an $11.75 million settlement of a lawsuit against Kmart...
Benefits |
35,000 GM Workers Opt for Early Out Program
June 27, 2006 (PLANSPONSOR.com) - Nearly a third of General Motors' US manufacturing workers have taken the company's early buyout...
Wal-Mart, Other Retailers Challenge MD Health Care Law
June 23, 2006 (PLANSPONSOR.com) - An association of large retailers went to a Baltimore federal judge to complain about a...
Benefits |
Study: Wal-Mart Can Hike Wages, Enjoy Profits
June 16, 2006 (PLANSPONSOR.com) - A new report from a Washington-based think tank asserts that giant retailer Wal-Mart can afford...