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 Assets
May 30, 2012 (PLANSPONSOR.com) – Retirement plan fees consume nearly one-third (30.3%) of an investor’s potential assets, 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.
HR/BENEFITS -
May 29, 2012
Open MEPs Provide Fiduciary and Cost Benefits
May 29, 2012 (PLANSPONSOR.com) – Multiple Employer Plans (MEPs) bring expert fiduciary governance and economies of scale to retirement plan sponsors of all types and sizes.
PRODUCTS -
May 29, 2012
American Beacon Debuts Income Equity Fund
May 29, 2012 (PLANSPONSOR.com) - American Beacon Advisors launched American Beacon The London Company Income Equity Fund to focus on dividend income and capital appreciation.
PRODUCTS -
May 29, 2012
Morningstar Expands Databases to Help with Fee Disclosure
May 29, 2012 (PLANSPONSOR.com) - Morningstar expanded and standardized its managed product databases to help retirement plan sponsors comply with new participant fee disclosure requirements.
PRODUCTS -
May 29, 2012
Institutional Investor Allocations to Real Assets to Rise
May 29, 2012 (PLANSPONSOR.com) - The institutional investor mindset toward real assets is shifting significantly, according to research.
FINANCE -
May 29, 2012
Alternatives Still Used, but Growth Diminishing
May 29, 2012 (PLANSPONSOR.com) – Institutional investors and financial advisers continue to use alternative investments, but the growth of their use has begun to slow.
PRODUCTS -
May 29, 2012
SPARK Helps with Multi-Vendor 403(b) Disclosures
May 29, 2012 (PLANSPONSOR.com) - The SPARK Institute created an “Investment Provider Information Form for Multivendor 403(b) Plan Participant Disclosure.”
RULES/REGS -
May 29, 2012
6th Circuit Affirms Dismissal of KeyCorp Stock Suit
May 29, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals has upheld the dismissal of a stock drop lawsuit against KeyCorp for lack of standing.
HR/BENEFITS -
May 28, 2012
Executives Have Unique Retirement Planning Needs
May 29, 2012 (PLANSPONSOR.com) – Designing an employee benefits package to attract and retain people who drive profits makes sense, according to Bob Westbrook, financial planner at Strategic Wealth Associates.
RULES/REGS -
May 25, 2012
Concerns Linger About Fee Disclosure Guidance
May 25, 2012 (PLANSPONSOR.com) - Some advisers say certain issues did not make the FAQs about fee disclosure in the Department of Labor’s recently issued field assistance bulletin.
RULES/REGS -
May 25, 2012
Tempe School District Settles EEOC Suit
May 25, 2012 (PLANSPONSOR.com) – Tempe Elementary School District No. 3 has settled an employment discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC).
HR/BENEFITS -
May 25, 2012
Company Uses ‘Holistic’ Approach to Improve 401(k) Participation
May 25, 2012 (PLANSPONSOR.com) - Increasing 401(k) plan participation rates
is high on many plan sponsors’ priority lists, but what are the most effective
tactics?
HR/BENEFITS -
May 25, 2012
Buying an Annuity from Social Security “Best Deal in Town”
May 25, 2012 (PLANSPONSOR.com) – One way workers can increase retirement income is to delay claiming Social Security to increase their monthly benefit.
HR/BENEFITS -
May 25, 2012
La. House Rejects Cash Balance Plan for State Employees
May 25, 2012 (PLANSPONSOR.com) – The Louisiana House voted against a proposal that would put state employees into a cash balance plan.