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Industry Players Mostly Pleased with Final Rule on 408(b)(2) >

Feb 03, 2012 -- Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.

U.S. Treasury Proposal to Reduce Regulatory Burdens for Retirees >

Feb 02, 2012 -- The U.S. Treasury Department announced a proposal to reduce regulatory burdens and make it easier for retirees to choose to receive their benefits as a stream of income in regular payments for as long as they live.

DoL Issues Final Rule on 401(k) Fee Disclosure >

Feb 02, 2012 -- The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday.

Court Dismisses Benefits Interference Claim Against Duke Energy >

January 26, 2012 -- The 6th U.S. Circuit Court of Appeals dismissed a claim of benefits interference against Duke Energy Corporation.

ERISA Claim Based on Wal-Mart Gender Discrimination Dismissed >

January 26, 2012 -- A federal court dismissed a claim that Wal-Mart Stores breached its fiduciary duties in underpaying retirement plan contributions based on wages that were discriminatory against women.

Groups Ask IRS not to Abandon 403(b) Prototype Program >

January 23, 2012 -- Industry groups sent a comment letter to the Internal Revenue Service to support the inclusion of 403(b) plans in the prototype program for pre-approved plan documents.

Plan Must Restore Misplaced Assets Although not Recovered >

January 17, 2012 -- A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it has not recovered the misplaced funds.

EBSA Announces Voluntary Correction Program Events >

January 13, 2012 -- The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.

IRS Answers New Question on Form 8955-SSA >

January 11, 2012 -- A new FAQ from the Internal Revenue Service addresses when a plan administrator may answer “yes” to Question 8 on the new Form 8955-SSA, affirming that the required information was timely furnished to participants.

Penn. Company to Restore $34K to 401(k) Plan >

January 09, 2012 -- Monocacyfabs Inc., of Bethlehem, Pennsylvania, has been ordered to restore $34,000 to its 401(k) plan.


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