Advisory Committee Suggests Additional Guidance for 403(b)s
Seven years after IRS regulations were implemented, 403(b) plans still have trouble with compliance.
Compliance
Health Plan Sponsors Must Exercise Prudence
Selection of good providers can help avoid lawsuits.
DOL Announces Health Benefits Law Seminars
The DOL will host health benefits law compliance seminars in Nebraska, South Carolina and Pennsylvania.
Tips for Surviving an IRS Plan Audit
An HR director from Vanderbilt University shared tips from her IRS 403(b) plan audit experience with attendees of the NTSA 403(b) Summit.
9th Circuit Confirms Stock Drop Remand
The 9th U.S. Circuit Court of Appeals refused to again revisit an amended decision in a long-running and complicated stock drop suit impacted by the Supreme Court’s Dudenhoeffer...
SCOTUS Won't Hear Reverse Stock Drop Case
The reverse stock drop case Tatum v. RJR Pension Committee has been turned down by the Supreme Court.
Court Dismisses Part of Great-West Annuity Challenge
A district court in Colorado has granted in part and dismissed in part a motion from Great-West to dismiss a class action lawsuit alleging the company breached fiduciary...
High Court Marriage Decision Will Affect Health Benefits
An expert from PwC says the ruling will have little impact on retirement plans.
Supreme Court ACA Decision Maintains Status Quo
With a high court ruling, there is no more question of whether health premium subsidies will be available in any state.
Senate Joins House in Effort to Defund Fiduciary Rule
A committee approved an appropriations bill that would restrict the Department of Labor in its fiduciary rule efforts.
IRS Publishes NQDC Plan Audit Guide
The guide for examinations agents serves as a reminder of NQDC plan rules.
Group Questions EEOC’s Authority on Wellness Program Rule
The HR Policy Association says the proposed rule will discourage wellness program innovation and increase the potential for litigation.
IRS Publishes New VCP Kit for Certain Plans
This kit is for plan sponsors who failed to make timely required contributions to money purchase or target benefit pension plans (defined contribution plans).
IRS Publishes Information for Cycle E Plan Restatements
The information includes worksheets and explanations for the second Cycle E plan language, and explanations of the determination letter review process.
SEC Intends to Charge State Street for Solicitation Practices
Last year, State Street revealed it was under investigation for its solicitation of asset-servicing business for public retirement plans.
Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort.
ERIC Says ACA "Clarification" Broadsided Employers
The ERISA Industry Committee (ERIC) says a new cost-sharing rule has no basis in law.
Bill Would Block Multiemployer Plan Benefits Cuts
The bill would repeal the provision in recent pension reform that would allow multiemployer plans to cut benefits.
ERIC Makes Recommendations for Wellness Rule
The ERISA Industry Committee has commented on the EEOC’s proposed rules for employer wellness programs.
World’s Largest Coal Company Faces ERISA Suit
A former employee of Peabody Energy is suing the coal producer over company stock investments in its DC plans.