Deadlines for Plan Sponsors in Puerto Rico
December 10, 2013 (PLANSPONSOR.com) – Those who sponsor retirement plans for employees based in Puerto Rico should make note of...
Tag: ERISA
Employer Need Not Continue Mistaken Pension Payments
December 4, 2013 (PLANSPONSOR.com) – A federal appellate court has confirmed that General Motors need not continue pension payments made...
ASPPA Urges Simplicity for Same-Gender Rules
December 4, 2013 (PLANSPONSOR.com) – The American Society of Pension Professionals and Actuaries (ASPPA) is petitioning regulators for easy-to-apply guidance...
Senators Call for Discrimination Test Fix
December 2, 2013 (PLANSPONSOR.com) – Two United States senators are calling on the U.S. Treasury to address nondiscrimination challenges facing...
Chesapeake Stock Drop Suit Dismissed
November 22, 2013 (PLANSPONSOR.com) – A federal district court dismissed a class action complaint alleging Chesapeake Energy acted imprudently by...
DOL Finds Fiduciaries Violated ERISA With Stock Purchase
November 20, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit in U.S. district court to recover...
Court Rules on Supplementary Pension Benefit Cuts
November 20, 2013 (PLANSPONSOR.com) – A federal appeals court has ruled that certain benefit enhancements adopted within a pension plan are...
Case Shows Importance of Keeping Documentation
November 18, 2013 (PLANSPONSOR.com) – A federal district court in northern Indiana ruled a retirement plan sponsor must pay nearly...
Court OKs Asset Restoration for Mass. Plan
November 18, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) won judgment from a federal district court to have funds...
DOL Sues Firm for Plan Administration Failures
November 8, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to have funds returned to a retirement plan...
MassMutual Plan Participants Sue Over Proprietary Investments
November 8, 2013 (PLANSPONSOR.com) – Participants and beneficiaries of the MassMutual Thrift Plan have filed a lawsuit in federal court...
Retirement Plan Issues in Bankruptcy
November 4, 2013 (PLANSPONSOR.com) – When an individual or business files for bankruptcy, there is an automatic stay of the...
Suit by Xerox Retiree Partially Dismissed
November 1, 2013 (PLANSPONSOR.com) – A U.S. district court in New York ruled a plaintiff can proceed with a claim...
Fiduciaries Ordered to Restore Plan Assets
October 31, 2013 (PLANSPONSOR.com) – A U.S. district court in California has ordered the restoration of more than $1.6 million...
Dismissal of Stock Drop Case Reaffirmed
October 31, 2013 (PLANSPONSOR.com) – A U.S. District Court has reaffirmed its earlier decision to dismiss a stock drop case...
Fiduciaries of California ESOP to Repay Plan Funds
October 23, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has obtained a consent order for fiduciaries to repay funds...
Magazine Publisher to Restore $300K to Pension
October 22, 2013 (PLANSPONSOR.com) - The U.S. Department of Labor has secured a consent judgment with former Santa Monica magazine...
DOL Seeks New Fiduciaries for Tennessee Plan
October 21, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to replace the fiduciaries of an abandoned retirement...
Embezzler Can Sue Employer for Retirement Plan Benefits
October 18, 2013 (PLANSPONSOR.com) – A federal district court in California declined to dismiss a lawsuit by a retirement plan...
Court Denies Terminated Employees’ Claim for Pensions
October 18, 2013 (PLANSPONSOR.com) – A federal appellate court found former employees’ reliance on a statement they would be eligible...