The Washington Winds: The 'Death Knell' of DB
June 28, 2006 (PLANSPONSOR.com) - CHICAGO - Following the political winds in the post-Enron and WorldCom world that are now focused so strongly on 401(k) plans, lawmakers currently...
Compliance
AT&T Contraceptive Coverage Suit Granted Class-Action Status
June 29, 2006 (PLANSPONSOR.com) - The US District Court for the Western District of Missouri granted class-action status to a lawsuit claiming the exclusion of contraceptive coverage in...
MA Officials to Clarify Amount Expected from Employers for Health Care
June 29, 2006 (PLANSPONSOR.com) - Massachusetts state officials are expected to decide this week the minimum amount employers must pay toward employee health care in order to avoid...
No Breach in Fiduciary Duties of Airlines' Co. Stock Cases
June 29, 2006 (PLANSPONSOR.com) - The US District Court for the Eastern District of Virginia and the 7th US Circuit Court of Appeals have each ruled that plan...
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 Corp.
DoL Seeks Restoration for ESOP Plan of SC Company
June 27, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) has brought a lawsuit against Hagemeyer North America Inc. in South Carolina, claiming participants suffered more than $1...
Court Rules for Trial in Age Discrimination Case
June 26, 2006 (PLANSPONSOR.com) - The US District Court for the Northern District of Texas has determined that the case of a 60-year-old who was reprimanded and fired...
SEC to Release Soft Dollar Instructions
June 26, 2006 (PLANSPONSOR.com) - Federal securities regulators are reportedly preparing their final guidance on the controversial topic of soft-dollar arrangements that can allow investment managers to use...
Canadian Supreme Court Snubs Request for Pension Surplus
June 26, 2006 (PLANSPONSOR.com) - Canada's high court shot down last week an attempt by 112 retirees and former employees of Rogers Communications Inc. to tap into the...
Court Holds Administrator Liable for Relationship with Known Embezzler
June 26, 2006 (PLANSPONSOR.com) - The 2nd US Circuit Court of Appeals has ruled that a health fund administrator breached her fiduciary duties by continuing the fund's relationship...
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 Maryland law they say unfairly targets Wal-Mart.
Court Throws out Hedge Fund Registration Rule
June 23, 2006 (PLANSPONSOR.com) - The US Court of Appeals for the District of Columbia Circuit has determined that a Securities and Exchange Commission (SEC) rule requiring certain...
US Supreme Court Widens Workplace Retaliation Protections
June 22, 2006 (PLANSPONSOR.com) - In a closely watched case involving workplace retaliation against whistleblowers, the US Supreme Court on Thursday broadened the legal standard for employees filing...
DoL Bars Health Plan Provider for Mismanagement of Benefits
June 22, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) has obtained a consent order against the sponsor and service provider of the ePEO Link Inc. Group Accident...
Tyson Wins Back Pay Lawsuit
June 22, 2006 (PLANSPONSOR.com) - Tyson Foods overcame a wage and hour lawsuit in a Philadelphia federal courtroom where a jury rebuffed allegations that the poultry company improperly...
Court Says Plan Accountant Violated Fiduciary Responsibilities
June 22, 2006 (PLANSPONSOR.com) - A federal judge ruled that an accountant for a profit-sharing plan bears some responsibility for the $600,000 diverted from participant accounts by a...
SEC Adopts New Fund-of-Funds Rules
June 22, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has adopted amendments to several forms and three new rules under the Investment Company Act that pertain...
Cash Balance Litigation Settles for $1.85M
June 21, 2006 (PLANSPONSOR.com) - A federal judge has approved a $1.85 million settlement between a Pennsylvania health care firm and its former employees over allegations that workers...
Court Turns Down Participant Claim for Account Restoration
June 21, 2006 (PLANSPONSOR.com) - The 4th US Circuit Court of Appeals has affirmed a lower court's ruling that a participant's request for restoration of his 401(k) plan...