FINANCE -
June 01, 2012
GM Transfers Some Pension Risk
June 1, 2012 (PLANSPONSOR.com) - General Motors Co. will offer lump-sum payments to select U.S. salaried retirees.
RULES/REGS -
June 01, 2012
EBSA Announces More Fiduciary Workshops
June 1, 2012 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration (EBSA) has announced more workshops for retirement plan fiduciaries.
PRODUCTS -
June 01, 2012
Castle Rock to Host Fee Disclosure Workshops
June 1, 2012 (PLANSPONSOR.com) – Castle Rock Investing Company is hosting workshops to discuss new fee disclosure rules.
RULES/REGS -
June 01, 2012
Clarity Needed for IRS Partial Annuity Rules
June 1, 2012 (PLANSPONSOR.com) - The American Benefits Council welcomes proposed regulations to Internal Revenue Code Section 417(e), regarding the treatment of benefits paid partially as an annuity and partially in another form from a defined benefit (DB) pension plan.
RULES/REGS -
June 01, 2012
ASPPA Asks for Roth Conversion Guidance
June 1, 2012 (PLANSPONSOR.com) – The American Society of Pension Professionals & Actuaries (ASPPA) has asked for additional guidance concerning Roth 401(k) accounts.
HR/BENEFITS -
May 31, 2012
ASPPA Counters Retirement Plan Fee Analysis
May 31, 2012 (PLANSPONSOR.com) – The American Society of Pension Professionals & Actuaries (ASPPA) is challenging the assumptions behind a report about retirement plan fees.
HR/BENEFITS -
May 31, 2012
Census Finds More Americans Have HSA Coverage
May 31, 2012 (PLANSPONSOR.com) - The number of Americans covered by Health Savings Account (HSA)-eligible insurance plans rose this year, continuing a steady upward trend in enrollment over the last five years.
FINANCE -
May 31, 2012
Md. Retirement System Joins Vote Against Wal-Mart Board
May 31, 2012 (PLANSPONSOR.com) – The Maryland State Retirement and Pension System will vote against the election of the entire board of Wal-Mart Stores.
PRODUCTS -
May 31, 2012
SPARK Releases New Version of 403(b) Census Best Practices
May 31, 2012 (PLANSPONSOR.com) - The SPARK Institute has released a new version of its best practices for sharing remittance and census data for 403(b) and related retirement plans.
HR/BENEFITS -
May 31, 2012
Chesapeake Energy Facing ERISA Investigation
May 31, 2012 (PLANSPONSOR.com) - Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP has commenced an investigation relating to Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan.
PEOPLE -
May 31, 2012
New York Life Appoints Senior RM for Taft-Hartley Market
May 31, 2012 (PLANSPONSOR.com) - New York Life Retirement Plan Services has appointed Arthur Georgantas vice president, senior relationship manager in the Taft-Hartley market.
PEOPLE -
May 31, 2012
Morningstar Names President of Global Investment Management Division
May 31, 2012 (PLANSPONSOR.com) - Thomas Idzorek was named president of Morningstar's Global Investment Management Division.
HR/BENEFITS -
May 31, 2012
PwC Predicts Historically Low Growth in Healthcare Spending
May 31, 2012 (PLANSPONSOR.com) - Healthcare spending in the United States is expected to grow at a historically low rate of 7.5% next year.
RULES/REGS -
May 30, 2012
IRS Issues Guidance for Applying FSA Limit
May 30, 2012 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has issued guidance for applying the statutory limit for contributions to health flexible spending arrangements (FSAs) as set by the Patient Protection and Affordable Care Act.
PEOPLE -
May 30, 2012
CIO Leaves Massachusetts State Pension Fund
May 30, 2012 (PLANSPONSOR.com) - The chief investment officer for the Massachusetts state pension fund is leaving for a job in the private sector, the Boston Globe reports.
RULES/REGS -
May 30, 2012
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 multiple employer plan (MEP) open to unrelated employers constitutes a single employee pension benefit plan.
RULES/REGS -
May 30, 2012
Report Says PBGC Calculations Flawed
May 29, 2012 (PLANSPONSOR.com) – Calculations in Pension Benefit Guaranty Corporation (PBGC) reports were wrong due to the lack of a quality control process, according to a Management Advisory Report (MAR).
HR/BENEFITS -
May 30, 2012
Federal TSP Suffers Security Breach
May 29, 2012 (PLANSPONSOR.com) – Federal Thrift Savings Plan (TSP) participants’ data has been compromised due to a cyber attack on a third party service provider’s computer.
HR/BENEFITS -
May 30, 2012
Retirement Plan Fees Consume 30% of Returns
May 30, 2012 (PLANSPONSOR.com) – Retirement plan fees consume nearly one-third (30.3%) of an investor’s potential gains, a paper contends.
PRODUCTS -
May 30, 2012
FTSE Establishes ESG Service Unit
May 30, 2012 (PLANSPONSOR.com) - FTSE Group established an Environmental Social Governance (ESG) Service Unit and appointed two people to lead it.