Company Erred in Cutting Off Retiree Supplement Payment
June 15, 2012 (PLANSPONSOR.com) – An employer’s benefits committee abused its discretion when it eliminated an early retirement supplemental payment...
Tag: ERISA
Court Finds ERISA Violation from Following Terms of ESOP
June 13, 2012 (PLANSPONSOR.com) – A federal district court has found employee stock ownership plan (ESOP) fiduciaries “abused their discretion...
Benefits |
Chesapeake Energy Facing ERISA Investigation
May 31, 2012 (PLANSPONSOR.com) - Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP has commenced an investigation relating to...
DOL Says Open MEPs Not Single Employee Plans
May 30, 2012 (PLANSPONSOR.com) – In an advisory opinion, the Department of Labor (DOL) addressed the question of whether a...
DOL Recovers Retirement Plan Assets for Participants
May 21, 2012 (PLANSPONSOR.com) – Two companies have settled lawsuits with the Department of Labor (DOL), agreeing to restore retirement...
Plan Administrator Steals Retirement Funds to Purchase Resort
May 16, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor has filed a complaint in a federal court in Idaho...
Products |
Principal Resource Evaluates Retirement Plan Fees
May 15, 2012 (PLANSPONSOR.com) - The Principal Financial Group created an online resource to help plan sponsors understand the new...
Japanese Company May Be Liable for Terminated U.S. Pension
May 3, 2012 (PLANSPONSOR.com) – A Japanese company that acquired the now-defunct Metaldyne Corporation may be found liable for termination...
Covering Non-Profits under State Plan Changes Governmental Status
May 2, 2012 (PLANSPONSOR.com) – Covering employees of non-profit organizations would affect the status of Connecticut’s health plan for public...
Employer Cannot Use ERISA to Stop Deferred Compensation Benefits
May 2, 2012 (PLANSPONSOR.com) – An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments...
Cellular Company Owner Accused of Misusing ESOP
April 25, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants...
J.P. Morgan Cleared of Charges for Lehman Investments
April 24, 2012 (PLANSPONSOR.com) – J.P. Morgan Chase (JPMC) did not breach its fiduciary duties to a pension plan by...
Court Moves Forward Excessive Fee Claims Against John Hancock
April 18, 2012 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals has reversed a lower court's decision about excessive...
Littler Adds Three Attorneys
April 17, 2012 (PLANSPONSOR.com) - Littler Mendelson, P.C. (Littler) added three...
Morgan Keegan Ordered to Pay 10 Pension Plans
April 16, 2012 (PLANSPONSOR.com)—Morgan Keegan and Co. Inc. agreed to pay $633,715.46 to 10 pension plans covered by the Employee...
Appeals Court Affirms U.S. Steel Did Not Violate ERISA
April 16, 2012 (PLANSPONSOR.com) - The 6th U.S. Circuit Court of...
PenChecks Names Chief Compliance Officer
April 13, 2012 (PLANSPONSOR.com) - PenChecks, Inc., a provider of outsourced retirement distribution processing services, hired Mike McWherter as the firm’s...
Retiree Loses Bid to Recover 2008 Losses
April 11, 2012 (PLANSPONSOR.com) – A dentist was adhering to his fiduciary duty to 401(k) plan participants when he decided...
Northwest’s Pilots Pension Plan Found Non-Discriminatory
April 10, 2012 (PLANSPONSOR.com) – A federal appellate court found Northwest Airline’s post-bankruptcy pension plan for pilots does not discriminate...
Sponsors Seek Guidance About 404(a)(5) Electronic Disclosures
April 9, 2012 (PLANSPONSOR.com) – Plan sponsors will need to comply with the Department of Labor’s (DOL) 404(a)(5) regulation by...