RULES/REGS -
September 02, 2010
Comments Endorse Fee Disclosure Flexibility, Additional Compliance Time
September 2, 2010 (PLANSPONSOR.com) – A selection of the 44 comments received by the U.S. Department of Labor (DoL) about its pending fee-disclosure rule shows broad support for the rule’s intent, but continued pressure for more regulatory flexibility and time to comply.
PRODUCTS -
September 02, 2010
The Principal Finds Text Messages Inspire Retirement Savings
September 2, 2010 (PLANSPONSOR.com) – One year after launching a text messaging service for retirement plan participants, The Principal has released data indicating it has improved savings rates and asset allocation.
HR/BENEFITS -
September 02, 2010
Financial Stress Calls Employees to Action
September 2, 2010 (PLANSPONSOR.com) – An analysis from Financial Finesse finds employees reported more financial stress in Q2 2010, but instead of retreating in fear, they were called to action.
PRODUCTS -
September 02, 2010
Calculator Helps Small Businesses Calculate Tax Credits from Health Reform
September 2, 2010 (PLANSPONSOR.com) - Tax Credits, LLC has launched the Small Business Tax Credit Calculator to enable small businesses, accountants, tax preparers, payroll administrators, and benefits professionals to calculate exact health care tax reform tax credit data.
PRODUCTS -
September 02, 2010
Gallagher & Co. Adds New York Consultant to Its Stable
September 2, 2010 (PLANSPONSOR.com) – Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group in New York.
HR/BENEFITS -
September 02, 2010
For Willing Survey Respondents, It’s in the Genes
September 2, 2010 (PLANSPONSOR.com) – A new academic study has given employers a few hints on what makes people willing to complete a survey – on issues such as leadership or workplace stress for example – but it doesn't give all the answers.
HR/BENEFITS -
September 02, 2010
Economy Drives Employer Health Coverage Cutbacks
September 2, 2010 (PLANSPONSOR.com) – Driven by cost pressure from the down economy, thirty percent of employers in a new poll said they have cut their health benefits or stepped up cost-sharing, while 23% said they are asking employees to pay more for coverage.
HR/BENEFITS -
September 02, 2010
CBIZ Small Business Employment Index Shows Signs of Caution
September 2, 2010 (PLANSPONSOR.com) - The CBIZ Small Business Employment Index for August decreased by 1.01%.
PEOPLE -
September 02, 2010
Allianz Life Hires Senior Director of U.S. Marketing
September 2, 2010 (PLANSPONSOR.com) - Allianz Life Insurance Company of North America has named Julia Gutz Moller as the new senior director of U.S. Marketing.
HR/BENEFITS -
September 02, 2010
Expiration of Tax Legislation to Impact Employer Compliance Duties
September 2, 2001 (PLANSPONSOR.com) – Workers could see tax increases in their paychecks and employers’ compliance responsibilities would change in 2011 due to four pieces of legislation set to expire December 31, 2010.
PEOPLE -
September 02, 2010
SageView Announces New Chief Investment Officer
September 2, 2010 (PLANSPONSOR.com) - Richard Palmer has joined SageView Advisory Group as Chief Investment Officer.
PRODUCTS -
September 02, 2010
Scout Picks Up Indiana Fixed-Income Shop
September 2, 2010 (PLANSPONSOR.com) – Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has agreed to acquire Reams Asset Management Company, an investment management firm specializing in fixed-income products.
RULES/REGS -
September 02, 2010
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
September 2, 2010 (PLANSPONSOR.com) – A federal court in Illinois has ruled that participants of the Antioch Company Employee Stock Ownership Plan are not time-barred from moving forward with their claim that company fiduciaries and GreatBanc Trust Co. breached their duties under the Employee Retirement Income Security Act.
RULES/REGS -
September 02, 2010
401(k) Participant at Fault in Account Withdrawal Dispute
September 2, 2010 (PLANSPONSOR.com) – A federal judge in Oklahoma has cleared a 401(k) plan administrator of wrongdoing in a dispute over whether the employer should be forced to repay the participant for funds his ex-wife took out of his account.
FINANCE -
September 02, 2010
Market Conditions Providing Opportunities in Private Equity
September 2, 2010 (PLANSPONSOR.com) - Market conditions are now providing opportunities for private equity managers and their investors in selective areas of the market, according to new research from Towers Watson.
PRODUCTS -
September 02, 2010
Hewitt EnnisKnupp Hits the Ground Running
September 2, 2010 (PLANSPONSOR.com) – Hewitt Associates has completed its acquisition of EnnisKnupp, a provider of investment advisory services to large institutional investors.
PRODUCTS -
September 01, 2010
Ancora Offers Source Companies’ Open Architecture Plans
September 1, 2010 (PLANSPONSOR.com) – Ancora Advisors has rolled out Open Architecture 401K products offered through Source Companies.
HR/BENEFITS -
September 01, 2010
Employers from All Sectors Applying for Subsidy for Early Retiree Benefits
September 1, 2010 (PLANSPONSOR.com) - The Department of Health and Human Services has announced the first round of nearly 2,000 applications for the Early Retiree Reinsurance Reinsurance Program that have been approved.
HR/BENEFITS -
September 01, 2010
Some Continue Savings Cutbacks to Get By
September 1, 2010 (PLANSPONSOR.com) – Twenty-one percent of respondents to a new CareerBuilder survey say they have had to make ends meet in the last year by cutting back their 401(k) contributions or personal savings.
FINANCE -
September 01, 2010
Pension Funding Tumbles to Record Low
September 1, 2010 (PLANSPONSOR.com) – U.S. pension plan funded positions have fallen to historic lows during August because of simultaneously falling equity markets and interest rates, according to new Mercer data.