Supermarket Stock Drop Case Remains Alive
A federal judge in Pennsylvania has cleared the way for a 401(k) participant to pursue his claim that plan trustees violated their fiduciary duties.
Compliance
IRS Corrects Hybrid DB Plan Rule
Federal officials have issued a corrected document on final regulations for hybrid defined benefit plans since a previous version contained errors “that may prove to be misleading and...
Court Finds Severance Plans Not ERISA Governed
A federal judge in Massachusetts ruled that Alcatel-Lucent USA did not breach its Employee Retirement Income Security Act (ERISA) fiduciary duties through its severance plan disclosures to four...
401(k) Participant Wins FINRA Arbitration
A 401(k) participant claimed Morgan Stanley caused significant losses to his account after his request to move money out of the stock market was not acted upon.
Stock Compensation Planning in the Aftermath of the Tax Relief Act
Those scrambling to deal with the potential implications of a change in tax rates may find the 2010 Tax Relief Act to be aptly named.
EBSA Plans Hearing About Fiduciary Definition Change
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a March 2011 hearing on a proposed rule changing the scope of the term “fiduciary.”
Court Approves $8.5M Settlement for Schering-Plough Participants
A federal judge has given final approval to an $8.5 million settlement of a long-running stop drop lawsuit.
9th Circuit Clears NEA in Annuity Sales Case
A federal appellate court has ruled that the National Education Association (NEA) cannot be held liable for a fiduciary breach because of its endorsement and marketing of annuities...
IRS Publishes Guidance on DB Funding Relief
The Internal Revenue Service (IRS) has published guidance on the special rules on funding relief for single-employer defined benefit plans.
IRS to Hold In-Plan Roth Rollover Phone Forum
The Internal Revenue Service (IRS) has announced plans for a telephone forum to discuss recent guidance on in-plan Roth rollovers for 401(k) and 403(b) plans.
IRS Allows for Commingling of Assets in Group Trusts
The Internal Revenue Service has issued Revenue Ruling 2011-01, modifying the rules for group trusts.
IRS Publishes Changes in Plan Qualification Requirements
The Internal Revenue Service has issued Notice 2010-90, which provides a cumulative list of changes in plan qualification requirements.
Court Dismisses Remaining State Street Stock Drop Claim
A federal judge in Massachusetts has thrown out the remaining claim in a stock drop lawsuit against State Street Corp.
DoL: Bankruptcy-Appointed Trustee Can Bring ERISA Action
In his second attempt to bring suit against a custodian used by a rogue plan administrator, bankruptcy-appointed trustee John C. McLemore is again getting support from the U.S....
DoL Calls for Stock Drop Ruling Reversal
The U.S. Department of Labor (DoL) has asked a federal appeals court to overturn a lower court ruling that cleared ING of wrongdoing in a stock-drop lawsuit.