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Search the News Archive
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44 Matching News Items |
| 1. |
Deloitte & Touche Human Capital Advisory Services
Nov. 20, 2002
Excerpt: It is not clear whether either the Boehner or Bingaman proposals would make 401(k) plan sponsors more interested in offering investment advice to participants. The real barrier to more sponsors offering advice may be a lack of employee interest.
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| 2. |
Deloitte & Touche Human Capital Advisory Services
Aug. 5, 2003
Excerpt: A recent Department of Labor Advisory Opinion indicates a directed trustee for an ERISA plan can receive 12b-1 or subtransfer fees attributable to the plan's investment in a mutual fund without violating ERISA's prohibitions of fiduciary self-dealing, so long as 'the decision to invest in such funds is made by a fiduciary who is independent of [the directed trustee] and its affiliates, or by [the plan's participants].'
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| 3. |
Deloitte & Touche Human Capital Advisory Services
Oct. 16, 2002
Excerpt: ERISA plan fiduciaries may cause their plans to enter into contracts with actuarial firms and other service providers that include 'limitation of liability' and 'indemnification' provisions without necessarily violating ERISA's fiduciary standards, according to a recent [DOL] advisory opinion.... However, the advisory opinion cautions fiduciaries that it would be imprudent to agree to these provisions if they apply to fraud or willful misconduct by the service provider ...
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| 4. |
Deloitte & Touche Human Capital Advisory Services
Sept. 23, 2003
Excerpt: With respect to the regulation's requirement that 404(c) plans provide a prospectus to participants upon request, the Advisory Opinion states the plan can provide a Profile if that is the fund's most recent prospectus. But if a participant specifically asks for a 10(a) prospectus, the plan must provide the most recent 10(a) prospectus to satisfy this requirement.
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| 5. |
Deloitte & Touche Human Capital Advisory Services
Dec. 3, 2002
Excerpt: The FAB addresses the following issues: What does a fiduciary need to consider in evaluating the reasonableness of an agreement under which the service provider will be retaining 'float' earnings and what information is a service provider required to disclose to plan fiduciaries with respect to such arrangements in order to avoid engaging in a prohibited transaction?
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| 6. |
Deloitte & Touche Human Capital Advisory Services
June 19, 2003
Excerpt: According to IRS, all of an employee's years of service with the employer since it initially established the plan – not just since benefit accruals resumed – count for purposes of the vesting rules in these situations.
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| 7. |
Deloitte & Touche Human Capital Advisory Services
Nov. 5, 2002
Excerpt: An ERISA fiduciary's obligations with respect to deciding whether to refinance an ESOP securities acquisition loan is the subject of the Pension and Welfare Benefits Administration's first Field Assistance Bulletin ... The Internal Revenue Service has addressed many of the tax issues, including the Internal Revenue Code's prohibited transactions provisions, in a series of private letter rulings.... FAB 2002-1 is the PWBA's first public guidance on the relevant ERISA issues.
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| 8. |
Deloitte & Touche Human Capital Advisory Services
Oct. 1, 2003
Excerpt: The California legislature has approved a controversial pay-or-play bill that would require most California employers to provide health coverage directly to their employees (and, in the case of large employers, their dependents) or contribute to a state-operated fund that would purchase coverage for them.
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| 9. |
Deloitte & Touche Human Capital Advisory Services
Sept. 9, 2003
Excerpt: The revenue ruling does not specify an effective date, so it presumably applies to expenses incurred at any time. Of course, neither health FSAs nor HRAs can reimburse participants for expenses they incurred before the plan was established or before they became participants.
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| 10. |
Deloitte & Touche Human Capital Advisory Services
Aug. 26, 2003
Excerpt: Rejecting language in the preamble to the regulations under section 83 and decisions rendered by the Tax Court, the Sixth Circuit, and the Federal Claims Court, the Federal Circuit has ruled that an employer is entitled to a deduction under section 83(h) for amounts that are required to be included in an employee's income, even if such amounts are not actually reported on the employee's tax return or included in the employee's income on audit.
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