In a private letter ruling (an "LTR"), the Internal Revenue Service (the "IRS") waived the 60- day deadline for rolling over amounts into an individual retirement account (an "IRA"). In LTR 201319034, the taxpayer initiated a transfer of Amount 1…
May 16, 2013
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ASPPA Hosts 2013 Great Lakes Benefits Conference in Chicago
The Great Lakes Benefits Conference is a forum to discuss employee benefit issues with colleagues, government representatives and private sector experts. The program will focus on exchanging information and educating attendees about current regulatory, legislative, administrative and actuarial topics.
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- ASPPA & IRS to Hold 2012 Great Lakes Benefits Conference The Great Lakes Benefits Conference, co-sponsored by ASPPA and the…
- ASPPA Hosts 2013 Benefits Conference of the South The Benefits Conference of the South, sponsored by ASPPA is…
- ASPPA Hosts 2013 ERPA Conference in Denver The ERPA Conference focuses on issues facing Enrolled Retirement Plan…
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May 16, 2013
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Employment-New York City Employers Will Have To Provide Paid Sick Leave (Maybe)
The New York City Council has voted to require private-sector NYC employers with at least 20 employees to provide up to 40 hours of paid sick leave per year. The Council has sufficient votes to overcome a threatened veto by…
May 15, 2013
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ERISA-First Circuit Rules That Administrator’s Decision To Offest Disability Benefits Paid Under The Plan By Disability Compensation Paid Under The Veterans’ Benefits Act Was Incorrect
In Hannington v. Sun Life and Health Insurance Company, No. 12-1085 (1st Cir. 2013), the plaintiff ("Hannington") had filed suit under ERISA against the defendant, Sun Life and Health Insurance Company ("Sun"). The suit challenged Sun’s reduction of Hannington’s disability…
May 14, 2013
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Employment-Reminder To Use Newly Revised Form I-9
As a reminder, as of May 7, 2013, employers must use the newly revised Form I-9, to meet federal requirements to document verification of the identity and employment authorization of each new employee. The revised Form I-9 and instructions are…
May 14, 2013
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OMG….Should You Get Out of The Equity Markets?
The Wall Street bullies are continually looking for ways to keep investors trading. This is another way of saying market timing. Which is predicting when to get into and out of the equity markets. Keep in mind that the Wall Street bullies make money on every trade. It does not matter to the bullies whether [...]
May 13, 2013
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Employee Benefits-DOL Issues Guidance/Model Notices For Notice To Employees on Health Insurance Marketplace
In Technical Release No. 2013-02, the U.S. Department of Labor (the "DOL") provided guidance on the requirement in the Affordable Care Act that a notice must be provided to employees about the Health Insurance Marketplace (the "Marketplace") that will be…
May 9, 2013
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Spring Issue of 403(b) Advisor Magazine Debuts
403(b) Advisor’s feature story “Retiring in a Boom Market,” reviews the “recency effect” and its implications in the average pre-retiree’s decision about when to leave the workforce.
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- 403(b) Advisor Releases Winter Issue The theme of the winter edition of 403(b) Advisor is…
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May 9, 2013
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Employee Benefits-Third Circuit Upholds Penalty For Failure To Provide COBRA Notice
In Fama v. Design Assistance Corporation, Nos. 12-2414, 12-2474 (3rd Cir. 2013), the district court had granted the request of the plaintiff, Sarah Fama ("Fama"), for the imposition of a penalty on her former employer, Design Assistance Corporation ("DAC"), for…
May 8, 2013
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ERISA-Second Circuit Requires Specific Allegations To Establish A Claim Of Imprudent Investment
In Pension Benefit Guaranty Corporation v. Morgan Stanley Investment Management, Inc., Docket No. 10-4497-cv (2nd Cir. 2013), the Court considered the degree of factual detail needed in a complaint in order to establish a claim that a pension plan administrator…
The Four Pillars of Retirement Plans: The Fiduciary Guide to Participant Directed Retirement Plans
"If you are a trustee, plan sponsor, or financial advisor serious about the retirement plan marketplace, you MUST read this book, or you will be ill-equipped to deal with the fiduciary meltdown non-readers will be facing." John Lohr, ERISA attorney and author
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May 17, 2013
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