Tag: ERISA

Retirement Plans: Government Announces New ERISA Enforcement Plan—And New Program To Correct Violations Without Penalties

By Jennifer Carsen May 1, 2000 HR Management & Compliance

Updated: May 18, 2015

The U.S. Department of Labor’s Pension and Welfare Benefits Administration (PWBA) has just released its new enforcement strategy to ensure that pension plans comply with ERISA. The main target: defined contribution programs, particularly 401(k) plans. This means you could be hit with hefty penalties for pension plan administration errors, such as delinquent employee contributions and […]

News Flash: California Employer Pays For Retirement Plan Violations

By HR Daily Advisor Staff Apr 1, 2000 HR Management & Compliance

Updated: May 18, 2015

As part of its ongoing ERISA enforcement, the Pension and Welfare Benefits Administration recently investigated Walnut, Calif.-based Avacon Corporation’s 401(k) ERISA compliance. As a result of the investigation, the PWBA filed acomplaint, charging that four Avacon plan officials and trustees had failed to forward employee contributions to the plan in a timely fashion. During the […]

Severance Programs: ERISA Traps For The Unwary

By HR Daily Advisor Staff Oct 1, 1999 Uncategorized

Updated: Oct 1, 1999

Your voluntary separation incentive plan may involve even more paperwork and expenses than you think. According to a new federal government opinion, severance programs that aren’t directly linked to retirement can still be considered pension plans covered by detailed ERISA compliance requirements. 400+ pages of state-specific, easy-read reference materials at your fingertips—fully updated! Check out […]

Retirement Plans: You Could Be Sued If You Don’t Tell Workers About Changes You’re Considering But Haven’t Yet Adopted

By HR Daily Advisor Staff Apr 1, 1999 Uncategorized

Updated: Apr 1, 1999

When changing retirement plans, employers sometimes don’t notify employees until all the details are in place. But a new case makes it clear that if you don’t let workers in on your plans earlier, you could face an expensive lawsuit. Employer Enhances Early Retirement Benefits In a workforce reduction, IBM offered workers two early retirement […]

Pension Plans: Billion Dollar Surplus Nightmare For Employer; How To Stay Legal

By HR Daily Advisor Staff May 1, 1997 Uncategorized

Updated: May 1, 1997

  If you have a defined benefit pension plan for your employees, thanks to stock market gains it may contain more money than you’ll need to pay out in benefits. But be careful before you use this “extra” money. One employer recently found there are strict rules about what you can and can’t do with […]