Plan administrator held not liable for delay in distribution of s. 401(k) account

Article Abstract:

The U.S. 8th Circuit Court of Appeals in Kerr v. Vatterott held that a 401(k) plan administrator did not breach his fiduciary duties by delaying distribution of a participant's balance for over 3 years. The holding was reluctantly based upon ERISA provisions and their U.S. Supreme Court interpretation.

Employee Benefits & Services, Human resource management, Fiduciary duties

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IRS and Treasury release 1999 priorities list

Article Abstract:

The IRS and US Treasury Dept released their 1999 plan for priorities in issuing tax law guidance. 49 items concern retirement, health care, or other employee benefits. Items include guidance regarding enrollment, accounting, rollovers, and information reporting. Many procedural items are included.

Planning, United States. Internal Revenue Service

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DOL criminal investigations of employee benefit plans: processes, penalties and trends

Article Abstract:

The author outlines the enforcement procedures used by the US Department of Labor in investigating crimes committed by employers and administrators against 401(k) and managed health care plans. Trends in the enforcement of Employee Retirement Income Security Act violations are discussed.

Investigations, Ethical aspects, Corporations, Corporate corruption, United States. Department of Labor

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