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Results: 11-20 of 259

IRS compliance check targets non-governmental 457(b) plans
  • Hodgson Russ LLP
  • USA
  • August 29 2013

Tax-exempt entities that sponsor Internal Revenue Code Section 457(b) plans may soon find compliance questionnaires from the Internal Revenue Service


Claim for post-bankruptcy pension benefits rejected following “free and clear” purchase of assets
  • Hodgson Russ LLP
  • USA
  • December 20 2013

A group of retired employees filed a class-action law suit claiming loss of certain retirement benefits. The employees worked for SPX Corporation


Recent cases involving beneficiary designations
  • Hodgson Russ LLP
  • USA
  • September 29 2010

Two recent cases are instructive when it comes to determining the validity of beneficiary designations


IRS clarifies treatment of dividends and dividend equivalents paid on restricted stock and restricted stock units under section 162(m)
  • Hodgson Russ LLP
  • USA
  • August 29 2012

Internal Revenue Code (IRC) 162(m) generally prohibits a publicly traded corporation from deducting compensation paid to “covered employees” in excess of $1 million per year


Acquired employees were properly denied shutdown benefits
  • Hodgson Russ LLP
  • USA
  • May 31 2012

Acquisitions and the offer of transition benefits for acquired employees under a seller’s plans can be tricky


Transgender spouse reinstated as an eligible plan participant
  • Hodgson Russ LLP
  • USA
  • June 27 2012

The U.S. District Court for the District of Minnesota recently held that a union welfare benefit trust fund breached the terms of its health plan when it terminated the plaintiff’s coverage based on its erroneous and unreasonable interpretation of Minnesota law


Guidance issued on ERISA 101(j) notice on underfunded defined benefit plans
  • Hodgson Russ LLP
  • USA
  • September 28 2012

As sponsors of defined benefit plans are well aware, certain limitations are imposed on a defined benefit plan when a plan’s adjusted funding target attainment percentage is below 80 percent


‘Full and fair’ ERISA review required for top-hat plan claim
  • Hodgson Russ LLP
  • USA
  • February 28 2012

An executive who was denied severance and incentive award benefits after she resigned for “good reason” following a company merger may pursue her claim for benefits under a Massachusetts district court ruling that the plan administrator failed to provide a full and fair review of her claim, as required by the Employee Retirement Income Security Act of 1974 (ERISA


Short-term second spouse prevails as beneficiary over children from prior marriage
  • Hodgson Russ LLP
  • USA
  • February 28 2012

This dispute stems from a common scenario: a 401(k) plan participant names his children from a prior marriage as his beneficiaries, remarries without changing his beneficiary designation, then dies, resulting in a predictable battle between the second wife and the deceased participant’s children over entitlement to the participant’s plan benefits


Retirement annuities: new IRS guidance
  • Hodgson Russ LLP
  • USA
  • April 27 2012

There is a growing interest in making annuities available to retirees under defined contribution retirement plans, including 401(k) plans