Kentucky Employer Hit with $2K COBRA Penalty
February 12, 2009 (PLANSPONSOR.com) - A federal judge has hit a Kentucky firm with a $2,000 penalty and attorneys' fees for being late in notifying a former employee...
Compliance
Corporate Inefficiency Allegations Not Protected by SOX
February 12, 2009 (PLANSPONSOR.com) - A federal judge in Massachusetts has rebuffed efforts by a former Staples, Inc. employee to gain protected whistleblower status over allegations the office...
Appellate Court Backs Deere Case Dismissal
February 12, 2009 (PLANSPONSOR.com) - Chock up another win for a plan sponsor in the litany of revenue-sharing suits filed in 2006.
COBRA Expansion Provision Dropped from Stimulus Package
February 12, 2009 (PLANSPONSOR.com) - Employers can breathe a sigh of relief with word that a provision that would have expanded their COBRA obligations was dropped from the...
Federal Appellate Court Limits Office Search Challenges
February 11, 2009 (PLANSPONSOR.com) - A federal appellate court has ruled that executives only have a limited right to challenge workplace police searches outside their personal offices.
DC Plan Fee Disclosure Bill Introduced in U.S. Senate
February 11, 2009 (PLANSPONSOR. com) - Senator Tom Harkin (D-Iowa) and Senator Herb Kohl (D-Wisconsin), Chairman of the U.S. Senate Special Committee on Aging, on Thursday introduced legislation...
Subprime Lending Crisis not a Trigger to Investigate Company Stock Offering
February 11, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Southern District of Ohio has determined that Huntington Bancshares Inc. did not breach its fiduciary duties under...
Pension Program Sues over Mortgage Security Offering
February 11, 2009 (PLANSPONSOR.com) - A pension fund has filed a federal court lawsuit against Goldman Sachs and other defendants with charges they filed false or misleading securities...
EBSA Releases PPA DB Disclosure Guidance
February 10, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) announced interim guidance for new requirements that defined benefit plan sponsors disclose plan...
Cash Balance Suit Plaintiff Seeks Dismissal Rehearing
February 10, 2009 (PLANSPONSOR.com) - An employee who had his age discrimination claim against a cash balance plan dismissed has asked a federal judge to reconsider the dismissal...
COBRA Subsidy in Senate-Approved Stimulus Package Version
February 10, 2009 (PLANSPONSOR.com) - The economic stimulus package passed in the U.S. Senate on Tuesday included government subsidies for health-care premiums for laid-off workers.
New York Lawmaker Proposes Bank Bailout by Public Pensions
February 10, 2009 (PLANSPONSOR.com) - A New York Congressman has proposed allowing public pension programs to pool some of their funds to buy $50 billion to $250 billion...
EBSA Announces Online 5500 Walk-Through
February 9, 2009 (PLANSPONSOR.com) - Plan sponsors will get a walk-through of the 2009 Form 5500 reports and a new electronic filing Web site from a scheduled February...
Plan Sponsors Must Notify PBGC of Crippling Madoff Losses
February 6, 2009 (PLANSPONSOR.com) - In light of the widespread pension investment losses linked to the Bernard Madoff Ponzi scheme, the nation's private-sector pension insurer has reminded single-employer...
That Tax Statement May Not Be In The Mail – Yet
February 6, 2009 (PLANSPONSOR.com) - You may have noticed that those year-end tax statements aren't showing up as soon this year - but the Internal Revenue Service (IRS)...
Dodd Proposes Retroactive Exec Pay Limit
February 5, 2009 (PLANSPONSOR.com) - Legislation proposed in the U.S. Senate on Wednesday differs from President Obama's proposal for limiting executive pay for bailout recipients in that its...
Court Finds no Interference of Benefits in Excessive Absence Termination
February 5, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Middle District of Florida has ruled that Lockheed Martin did not violate the Employee Retirement Income Security...
DoL Provides Guidance for Madoff-Maimed Plans
February 5, 2009 (PLANSPONSOR.com) - With an expanding list of retirement plans snared by investments tied to Bernard L. Madoff, the Labor Department has published some guidance for...
Court Rules Forfeiture of Incentive Does not Violate State Wage Law
February 4, 2009 (PLANSPONSOR.com) - Massachusetts' Supreme Judicial Court has determined that the forfeiture provision of a Capital Accumulation Plan (CAP) does not violate the state's weekly wage...
DoL Suggests Advice Rule Delay
February 4, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) has proposed putting off for 60 days the implementation of its recently released final mandate on making...