Congressman Proposes Redirecting Bailout to FICA, Income Tax "Holiday"
December 3, 2008 (PLANSPONSOR.com) - A U.S. Congressman has proposed a unique way to spend the remaining $350 billion of that $700 billion bailout.
Compliance
Beneficiary Change Valid Despite Disappearing Form
December 2, 2008 (PLANSPONSOR.com) - A deceased life insurance plan participant's designation of her daughter as a beneficiary was valid and the daughter is entitled to the policy's...
IRS Reminds Workers about Retirement Saver's Credit
December 2, 2008 (PLANSPONSOR.com) - The latest bulletin from the Internal Revenue Service, IR-2008-134, reminds low- and moderate-income workers they still have time to take steps to get...
Court Lets Stand Arbitrator Award under Dispute Resolution Plan
December 1, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Pennsylvania has let stand an arbitrator's decision under the Halliburton Dispute Resolution Plan, finding...
'Scents'itivity Covered under ADA
December 1, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Michigan has determined an employee who claimed a coworker's perfume aggravated a lifelong medical...
DoL Accuses North Dakota Firm of Diverting 401(k) Funds
November 26, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) has accused a Bismarck, North Dakota, manufacturer of wastewater treatment systems and equipment and its owners of...
Collins asks Paulson to Cancel 2008 RMD Penalty
November 26, 2008 (PLANSPONSOR.com) - A Republican U.S. Senator has added her voice to the chorus of those calling for changes in the rules governing required minimum distributions...
Pomeroy Criticizes PBGC for Silence on Pension Funding Rule Adjustments
November 26, 2008 (PLANSPONSOR.com) - Congressman Earl Pomeroy (D-North Dakota) again questioned the Pension Benefit Guaranty Corporation's stance on easing the funding requirements for pension plans in a...
Court Slashes Lawyers' Fees in Cash Balance Challenge
November 25, 2008 (PLANSPONSOR.com) - A federal judge in Texas has ruled that lawyers for a participant challenging his employer's cash balance plan deserve fees, but cut the...
EBSA Provides Guidance on Plan Official Bonding Requirements
November 25, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has released Field Assistance Bulletin (FAB) 2008-04, which provides guidance...
Regulators Unveil 2008 Form 5500
November 25, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service, and the Pension Benefit Guaranty Corp. on Tuesday released...
IRS Puts Out Cycle D Plan Qualification Requirement Changes
November 25, 2008 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) on Tuesday released the 2008 Cumulative List of Changes in Plan Qualification Requirements to be used primarily by...
IRS Announces 2009 Mileage Rates
November 24, 2008 (PLANSPONSOR.com) - The Internal Revenue Service has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for...
Services for Injuries from "Fake" BOTOX not Covered by Health Plan
November 21, 2008 (PLANSPONSOR.com) - The 11th U.S. Circuit Court of Appeals has upheld a ruling by a lower court that Blue Cross and Blue Shield of Florida...
Senate Leaves Town with Pension Aid Bill Untouched
November 21, 2008 (PLANSPONSOR.com) - The U.S. Senate adjourned for its Thanksgiving break this week without taking up a new pension aid proposal put forward by four Senators...
Wal-Mart Captures Resounding Excessive Fee Suit Victory
November 21, 2008 (PLANSPONSOR.com) - A federal judge in Missouri handed retail giant Wal-Mart Stores a resounding legal victory by swatting away a participant's excessive...
New U.S. Senate Legislation Would Help Pensions
November 20, 2008 (PLANSPONSOR.com) - U.S. Senators on Wednesday unveiled a legislative package designed to help ease the financial strain on families and businesses due to the lagging...
BP Cash Balance Plan Faces Legal Challenge
November 20, 2008 (PLANSPONSOR.com) - A lawsuit filed in the U.S. District Court for the Eastern District of Kentucky accuses BP Corporation of reducing participants' accrued benefits when...
SEC Adopts New Summary Prospectus
November 19, 2008 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) on Wednesday voted unanimously to improve mutual fund disclosure by requiring that funds provide investors with a...
Judge Calls S.C. Johnson Cash Balance Participants' Claim "Speculative"
November 18, 2008 (PLANSPONSOR.com) - A federal judge in Wisconsin gave cash balance plan participants at S.C. Johnson & Sons Inc. only a limited victory by throwing out...