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USA - May 1 2013
As many plan sponsors are aware, the Centers for Medicare and Medicaid Services (CMS) is beginning the process of closing its Early Retiree…
USA - March 1 2013
With an increasingly murky tax horizon, companies sponsoring 401(k) plans might be looking for ways to provide participants with more flexibility in…
USA - September 11 2012
In Dudenhoefer v. Fifth Third Bancorp, No. 11-3012, 2012 WL 3826969 (6th Cir. Sept. 5, 2012), the Sixth Circuit reversed the dismissal of an ERISA class action against the company, its CEO, and other officers that alleged defendants breached their fiduciary duties by allowing employees to invest in the company’s stock, even though defendants allegedly knew the stock was at risk because of the company’s subprime lending activity.
USA - August 2 2012
On July 30, 2012, the Department of Labor (DOL) announced it has withdrawn QA 30 from Field Assistance Bulletin 201202 and replaced it with a new QA 39 in its revised Field Assistance Bulletin 201202R.
USA - June 22 2012
On June 20, 2012, the Securities and Exchange Commission (the “SEC”) issued final rules (the “Rules”) affecting compensation committee independence and disclosure of compensation consultant conflicts under Section 952 of the Dodd- Frank Wall Street Reform and Consumer Protection Act of 2010.
