Supreme Court Gives Ruling on Fifth Third Bancorp Case

Thursday, June, 26, 2014 / Published in Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b)
In a June 25, 2014 article “Court delivers win to 401(k) plaintiffs,” Chuck Epstein reports that employers could be held liable for holding company stock inside ESOP and 401(k) plans, especially if the stock falls in price and company executives failed to act to prevent the losses. Read More

Champions!

Saturday, June, 07, 2014 / Published in Uncategorized
Congratulations to the 2014 Newtown Square Petticoat League Juniors Division Champions!     This team reminded us what life is all about. Despite struggling early in the season, they stayed positive, kept each others spirits up and always made sure they had fun. Read More

DFVC Program Provides Relief Only if Applicable Form 8955-SSA is Filed For Year at Issue

Monday, May, 12, 2014 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
The IRS has issued Notice 2014-35 which provides relief from late-filing penalties from the annual reporting requirements under  Form 5500 series with respect to employee benefit plans. Under the notice, the IRS will not impose penalties relating to the filing of Form 5500, Form 5500-SF, and Form 8955-SSA or the filing of required actuarial reports with

Treatment of Marriages of Same-Sex Couples for Retirement Plan Purposes

Monday, April, 07, 2014 / Published in Employee Benefit Plans, Forms and Procedures, Retirement - 401(k), 403(b)
On April 4, 2014, the IRS issued Notice 2014-19, which provides guidance on how qualified retirement plans should treat the marriages of same-sex couples following the Supreme Court’s decision in United States v. Read More

IRS Describes Situations Where Plan Administrator May Reasonably Find a Valid Rollover

Friday, April, 04, 2014 / Published in Uncategorized
Rev Rul 2014-9, 2014-17 IRB In a Revenue Ruling, IRS has provided two fact patterns under which, in the absence of evidence to the contrary, the plan administrator of a receiving plan will be deemed to have reasonably concluded that an amount received was a valid rollover contribution. Read More

Legal Developments in Fiduciary Cases

Tuesday, March, 25, 2014 / Published in Employee Benefit Plans, Retirement - 401(k), 403(b)
This week has been a busy week for plan fiduciary cases. First, the Eighth Circuit issued its widely anticipated excessive fee decision in Tussey vs. ABB. Next, the Supreme Court signaled it may be interested in deciding whether 401(k) plan fiduciaries can be in breach of their duties over investment choices. Read More

US Labor Department Proposes that Service Providers Give Employers a Guide for 401(k) Fee Disclosures

Wednesday, March, 12, 2014 / Published in Employee Benefit Plans, Retirement - 401(k), 403(b)
The U.S. Department of Labor on March 11, 2014 requested public comments on a proposed rule that would require pension plan service providers to furnish employers and other plan fiduciaries with a guide to assist them in navigating fee disclosure documents. Read More