Compliance | August 27th, 2012 Plan Definition of NRA Did Not Lead to Backloading August 27, 2012 (PLANSPONSOR.com) - Bank of America did not employ a normal retirement age (NRA) for its cash balance...
Compliance | August 22nd, 2012 Employer May Withdraw From Multi-Employer Plan in Critical Status August 22, 2012 (PLANSPONSOR.com) - The Pension Protection Act (PPA) does not bar an employer from withdrawing from a multi-employer...
Compliance | August 20th, 2012 DOL Sues Auto Supplier for Diverting Retirement Assets August 20, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor is suing to restore $34.6 million in assets to two...
Compliance | August 20th, 2012 Stepchildren Not “Children” for Purposes of Death Benefit August 20, 2012 (PLANSPONSOR.com) – A federal appellate court has determined a plan administrator was right in bypassing a deceased...
Opinions | August 17th, 2012 Participant Fee Disclosures Stir the Pot. Who Will Get Cooked? August 17, 2012 (PLANSPONSOR (b)lines) - The act of distributing participant-level fee disclosures is likely to focus more employee attention...
Compliance | August 3rd, 2012 Overestimate of Pension Benefit Not a Fiduciary Breach August 3, 2012 (PLANSPONSOR.com) – A recent Employee Retirement Security Act (ERISA) court case demonstrates the importance of disclaimers in...
Compliance | August 2nd, 2012 Vending Company President Charged with Embezzlement August 2, 2012 (PLANSPONSOR.com) - The former president of a Wisconsin company and trustee of its 401(k) plan has been...
Compliance | August 2nd, 2012 Court Moves Forward Request for Benefit Calculation Details August 2, 2012 (PLANSPONSOR.com) – A federal judge has determined that retirement plan participants have a right to sue a...
Compliance | August 2nd, 2012 Plan Providers Sued for “Unsuitable” Retirement Program August 2, 2012 (PLANSPONSOR.com) – Two small businesses and participants in their retirement plans are suing fiduciaries who gave them...
Compliance | July 31st, 2012 New DOL Guidance Provides Relief, But Concerns Remain July 31, 2012 (PLANSPONSOR.com) - Plan fiduciaries will hopefully find relief in new guidance about participant fee disclosures for brokerage...
Compliance | July 31st, 2012 Groups Urge Court to Give Judicial Deference to Plan Administrator July 31, 2012 (PLANSPONSOR.com) - Industry groups are urging a federal appellate court to uphold a ruling for judicial deference to...
Compliance | July 24th, 2012 Coventry Health Care Inc. Sued Under ERISA July 24, 2012 (PLANSPONSOR.com) - Coventry Health Care Inc. has been accused of breaching its fiduciary duties under the Employee...
Products | July 19th, 2012 Law Firm Introduces ERISA Legal Solution July 19, 2012 (PLANSPONSOR.com) – The Rosenbaum Law Firm introduced Retirement Plan LegalEase, an Employee Retirement Income Security Act (ERISA)...
Compliance | July 18th, 2012 Employer to Pay $500K for Failing to Monitor TPA July 18, 2012 (PLANSPONSOR.com) - A federal judge has ordered the president of Columbus-based Clark Graphics, Mary Clark, to restore...
Compliance | July 16th, 2012 4th Circuit Uses High Court Decision to Allow for Surcharge July 16, 2012 (PLANSPONSOR.com) – A federal appellate court has found a life insurance and accidental death & dismemberment plan...
Compliance | July 12th, 2012 Transfer to New QDIA Did Not Violate ERISA July 12, 2012 (PLANSPONSOR.com) – A 403(b) plan sponsor did not violate its fiduciary duties when it transferred participants’ accounts...
Compliance | June 28th, 2012 Supreme Court to Revisit Reimbursement of Benefits Issue June 28, 2012 (PLANSPONSOR.com) - The U.S. Supreme Court agreed to determine whether an employee benefits plan is subject to...
Compliance | June 26th, 2012 DOL Sues LifeCare of Alabama June 26, 2012 (PLANSPONSOR.com) – The Department of Labor (DOL) is suing a private ambulance service and its CEO for...
Compliance | June 18th, 2012 DOL Secures 401(k) Funds from Government Contractor June 18, 2012 (PLANSPONSOR.com) – The former CEO of a defunct Southern California electrical contractor has agreed to restore more...
Compliance | June 18th, 2012 Court Finds Custodian Not an ERISA Fiduciary June 18, 2012 (PLANSPONSOR.com) – A bankruptcy trustee has standing to sue the custodian of 401(k) plan assets from which...