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Plan Administrator Faces Civil & Criminal Prosecution For Allegedly Making...
The U.S. Department of Labor has filed a complaint in the U.S. District Court for the District of Idaho against Matthew D. Hutcheson alleging that he violated the Employee Retirement Income Security...
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Western Mixers & Officers Ordered To Pay $1.2M+ For Improperly Using Benefit...
Businesses owners and managers should treat last week's judgment against a California fruit and nut supplier Western Mixers Inc. and its officers as a wake-up call to meet employee benefit funding...
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Review & Update Health Plan Mental Health Coverage As DOL Supplements...
Group health plans and health insurers subject to the mental health parity requirements of the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) have...
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Making Wellness Work On A Shoestring Budget
With tight budgets preventing many businesses from investing in wellness consulting resources, a tight budget doesn't mean your company, church, or other group can't have a thriving wellness program....
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$27M+ Settlement Highlights Fiduciary Risks Plan Sponsors & Fiduciaries Risk...
A $27 million settlement announced by the Department of Labor on July 7 shows the big liability that employer, union or association plan sponsors and their fiduciaries risk by failing to take...
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Stamer Speaks 11/15 About Things Plan Committees Must Do Differently In 2012...
Stamer Speaks About Things Plan Committees Must Do Differently In 2012 At SWBA Meeting In November Cynthia Marcotte Stamer will be among the featured panelists speaking about “The Flood of Things a...
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Record $2.3 Million+ H-2A Backpay Order Plus Civil Money Penalty Reminds...
Underpaying and failing to meet other H-2A visa program requirements for its employment of temporary foreign agricultural workers was an extremely costly mistake for Yerington, Nevada-based onion...
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Congress Gives Defined Benefit Plan Sponsors Welcome Funding Relief, Raises...
The Employee Retirement Income Security Act of 1974, as amended (ERISA) and the Internal Revenue Code generally require employers that sponsor defined benefit pension plans make sufficient...
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EBSA Updates Guidance On Fee Disclosure Requirements For 401(k) Plan...
U.S. Department of Labor’s Employee Benefits Security Administration recently clarified its guidance about how its rules affect 401(k) plan brokerage window arrangements in response to public...
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USI Advisors Will Pay $1.27 Million To Settle Charges It Violated ERISA Fee...
USI Advisors Inc. (USI) will pay $1,265,608.70 to 13 pension plans to resolve charges it violated the Employee Retirement Income Security Act (ERISA) by failing to properly disclose 12b-1 fees it...
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Boost Employee Recognition of Value Of Employer & Other Retirement Savings...
Studies suggest that employees need to save an estimated 40% of current earnings to have sufficient savings to fund the anticipated cost to keep up their lifestyle post retirement for their expected...
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Company President, Officer Can’t Use Bankruptcy To Avoid Liability For Using...
John Dombek III and John Dombek Jr. cannot use personal bankruptcy to avoid complying with a federal court order to restore $69,521 in health-care premiums and retirement plan contributions withheld...
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Tax Saver’s Credit Helps Low & Moderate Income Workers Save For Retirement;...
As part of its continuing effort to boost retirement savings among Americans, the Internal Revenue Service is reminding low- and moderate-income workers to take steps now to save for retirement and...
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Businesses Urged To Strengthen Their Worker Classification Defenses As IRS,...
Businesses using non-employee workers should heed the recently announced expansion of the Internal Revenue Service (IRS) Voluntary Classification VCS Program (VCS Program) as yet another warning to...
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Administration Proposes To Let PBGC Board Set Premiums In Effort To Shore Up...
The Obama Administration again is proposing that the Board of the Pension Benefit Guaranty Corporation (PBGC) get the power to set premium rates based on the financial soundness of company sponsors to...
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IRS Witholding Calculator Can Help Avoid Over & Underwithholding
If you have employees that had too much or too little tax taken out of their paychecks, refer them to this new YouTube video about using the IRS withholding calculator at...
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Id & Manage Hidden Employee Benefit Exposures In Business Insolvency Or Other...
The June 4, 2013 announcement of the Employee Benefit Security Administration (EBSA) provides a timely reminder to businesses sponsoring employee benefit plans, their owners and management, plan...
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Self-Dealing Or Other Mishandling of Employee Benefit Plan Funds Risky For...
New litigation against the former trustee and former investment service provider of four pension plans reminds employer or other employee benefit plan sponsors, business owners or management,...
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IRS Extends Remedial Amendment On Cycle Opinion Deadline For Some Defined...
The Internal Revenue Service (IRS) is extending the deadline for sponsors and practitioners of defined benefit mass submitter lead plans to submit on-cycle applications. Announcement 2013-37 extends to...
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IRS Releases Updated Healthcare Law Online Resources Publication
The Internal Revenue Service’s updated IRS Healthcare Law Online Resources publication provides a helpful list of resources for employers and individuals to use to get access to laws, regulations and...
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