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The U.S. Supreme Court on Oct. 2 agreed to hear a case that, if overruled, could make 401(k) fee lawsuits by participants in employer-sponsored defined contribution retirement plans much easier. The High Court granted plaintiffs’ petition for writ of certiorari in Tibble v. Edison International, (13-550), a case based on the cost and prudent selection […]
It sounds like a childhood taunt. “What are you afraid of?” If you close your eyes for a minute, chances are you can go back in time and recall a situation in which you were asked that exact question. Someone was trying to push you into doing something you really didn’t want to do—daring you […]
Yesterday’s Advisor helped managers understand the factors that are making certain jobs hard to fill. Today, what employers can do about it.
IRS issued final regulations requiring employer retirement plan sponsors or administrators that file at least 250 returns in a calendar year to submit Form 5500 annual reports and other plan-related documents electronically. The regulations are effective Sept. 29, and apply for plan years that begin on or after Jan. 1, 2014, and have a filing […]
Holidays are one of the most popular perks you can offer. What’s happening out in the real world? What are your competitors offering? What are best practices? Help us find out!
New guidance from the IRS proposes new approaches to the application of the look-back measurement method, which employers use to determine if an employee is full-time or part-time for purposes of the employer mandate. Notice 2014-49 covers situations such as when an employee transfers from a position (such as hourly) using one measurement period to […]
Motorola Solutions Inc. will shift about $3.1 billion in pension obligations to around 30,000 retirees in its frozen defined benefit plan to Prudential Insurance Co. at the start of 2015. The risk transfer becomes the third-largest of its kind, after similar moves in recent years by General Motors Co. and Verizon Communications Inc. At the […]
An employer-sponsored health plan was entitled to full recovery of more than $131,700 in funds, plus more than $149,000 in attorney’s fees, after it came to light that a plan participant and her attorneys tried to con the plan by lying about the size of a third-party settlement, the 11th U.S. Circuit Court of Appeals […]
Pension plan sponsors that offer to “cash out or annuitize benefits” for former employees would have to report this to the U.S. Pension Benefit Guaranty Corp., the agency has proposed. In a routine information-collection change request to the Office of Management and Budget posted Sept. 23 (79 Fed. Reg. 56831), PBGC said it intends to […]
Being diagnosed with cancer can be a scary and stressful time in one’s life, but imagine being fired after you find out that you’ve been diagnosed with it!