Bank Benefits Denial Upheld After Computer Security Breach
April 25, 2007 (PLANSPONSOR.com) - A federal appellate court has upheld the denial of benefits to a former bank worker because he was fired for improperly accessing his...
Compliance
Coca-Cola Pulls Back on Racial Bias Case Appeal
April 24, 2007 (PLANSPONSOR.com) - The U.S. Supreme Court will not decide whether BCI Coca-Cola can be liable for the racially discriminatory actions of a supervisor at the...
DoL Asks For Advice on 401(k) Fee Disclosures
April 24, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration is asking for suggestions on how to best approach 401(k) fee disclosures by retirement...
AK Steel Cash Balance Distributions Not Covered by PPA
April 23, 2007 (PLANSPONSOR.com) - While the Pension Protection Act (PPA) lifted the "whipsaw" calculation requirement from cash balance plan distributions, the change only applied after August 17,...
Court: No Proof that Firing was Discriminatory
April 23, 2007 (PLANSPONSOR.com) - The 8th U.S. Circuit Court of Appeals denied an Americans with Disabilities Act (ADA) lawsuit by a former hotel manager with multiple sclerosis,...
Group: Congressional Negotiators Drop NQDC Limit
April 23, 2007 (PLANSPONSOR.com) - U.S. House and Senate negotiators hammering out a small business relief compromise tax bill have dropped a provision that would have limited the...
AK Steel Pension Miscalculation Claim Upheld
April 23, 2007 (PLANSPONSOR.com) - A federal appeals court has upheld a ruling awarding at least $46.2 million to 1,250 former employees of AK Steel Holding Corp. who...
Xerox Company Stock Suit Survives First Challenge
April 20, 2007 (PLANSPONSOR.COM) - Xerox Corp. employees suing the company over its handling of their 401(k) investments in shares of company stock fell short of proving their...
Boeing Excessive 401(k) Fee Suit Moves Beyond First Legal Round
April 20, 2007 (PLANSPONSOR.COM) - A federal judge has turned away a Boeing Co. request to throw out a lawsuit alleging it overpaid its 401(k) plan providers and...
Employee Can't Get Back Insurance Premiums via ERISA Suit
April 20, 2007 (PLANSPONSOR.COM) - A woman whose employer failed to add one of her daughters as dependents on the employee's workplace insurance policy can't get back her...
NH Governor Backs Civil Union Legislation
April 19, 2007 (PLANSPONSOR.com) - New Hampshire Governor John Lynch announced Thursday he would sign legislation allowing civil unions for gay couples in the state, making New Hampshire...
Qwest Absolved of ERISA Violation Allegations
April 18, 2007 (PLANSPONSOR.com) - A federal judge has cleared a telecommunications company of allegations of wrongdoing in connection with a former employee's rights to disability and retirement...
Court: Challengers Must Prove Plan Loss for Fiduciary Breach in ESOP Merger
April 18, 2007 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals ruled that because there was "no loss" when a company merged two employee stock ownership plans...
Wal-Mart Held down Plan Contributions with 'Time Shaving' Scheme
April 18, 2007 (PLANSPONSOR.com) - A Wal-Mart employee in Philadelphia has filed a lawsuit against the giant retailer seeking class-action status , alleging it engaged in "illegal underpayment...
MD Abandons 'Wal-Mart' Health Care Bill Fight
April 17, 2007 (PLANSPONSOR.com) - Maryland state officials have abandoned a two-year effort to get Wal-Mart Stores to pay more for employee health care.
Collins & Aikman Corp. and PBGC Strike $96M Deal
April 17, 2007 (PLANSPONSOR.com) - Auto-parts maker Collins & Aikman Corp. has agreed to a $96 million settlement with the Pension Benefit Guaranty Corp. (PBGC) so that it...
Court Finds Employees Missed ERISA Fiduciary Breach Case
April 17, 2007 (PLANSPONSOR.com) - A large drop in the share price of a company's stock doesn't necessarily mean an employer should dump the company stock as a...
AR High Court Breathes New Life into Wal-Mart Exec Fraud Suit
April 13, 2007 (PLANSPONSOR.com) - The Arkansas high court has revived a lawsuit by retail giant Wal-Mart against its former vice chairman, saying the company is entitled to...
European Court Ruling Possible Good News for Privacy Advocates
April 13, 2007 (PLANSPONSOR.com) - In a case involving an employee of a South Wales college, the European Court of Human Rights has ruled that monitoring employees' Internet...
Lump-Sum Distribution Denial Goes Back to Plan for 2nd Look
April 13, 2007 (PLANSPONSOR.com) - A federal judge in Illinois has concluded that a pension plan did not adequately consider a participant's argument that he had mailed a...