Denial of Freedom of Information Request Upheld on Appeal

A decision upholding the government’s denial of a Freedom of Information Act request was affirmed by the Court of Appeals for the District of Columbia because the technical information requested fell within the relevant nondisclosure statute. The government invoked FOIA Exemption 3 (5 USC 522(b)(3)), which covers information “specifically exempted from disclosure by statute,” to […]

DOL seeks comments on EBSA-sponsored information collection request concerning PT Class Exemption on collective investment funds conversion transactions

The Labor Department is submitting an EBSA-sponsored information collection request titled “Collective Investment Funds Conversion Transactions Prohibited Transaction Class Exemption” to the Office of Management and Budget (OMB) for review and approval. The current approval is scheduled to expire on August 31, 2012; however, it should be noted that existing information collection requirements submitted to […]

Pension & Benefits NetNews – August 28, 2012

NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management. Links within […]

DOL seeks comments on EBSA-sponsored information collection request concerning PT Class Exemption on collective investment funds conversion transactions

The Labor Department is submitting an EBSA-sponsored information collection request titled “Collective Investment Funds Conversion Transactions Prohibited Transaction Class Exemption” to the Office of Management and Budget (OMB) for review and approval. The current approval is scheduled to expire on August 31, 2012; however, it should be noted that existing information collection requirements submitted to […]

Contribution of single parcel of real property to pension trust not prohibited transaction if “geographical dispersal” requirement continues to be met

A contribution of a single parcel of employer real property to a Master Pension Trust established by the employer would meet the “geographic dispersal” requirement for “qualified employer real property” (QERP) if, immediately after the sale, the remaining parcels in the Master Pension Trust would together meet that requirement, the Employee Benefits Security Administration (EBSA) […]

DOL seeks comments on EBSA-sponsored information collection request concerning PT Class Exemption on collective investment funds conversion transactions

The Labor Department is submitting an EBSA-sponsored information collection request titled “Collective Investment Funds Conversion Transactions Prohibited Transaction Class Exemption” to the Office of Management and Budget (OMB) for review and approval. The current approval is scheduled to expire on August 31, 2012; however, it should be noted that existing information collection requirements submitted to […]

Spencer’s Benefits Reports NetNews – August 24, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

EBSA’s revised FAB on fee disclosure rules alleviates most plan sponsor concerns, says American Benefits Council

The revised field assistance bulletin (FAB) on the fee disclosure rules, which clarifies provisions relating to designated investment alternatives and brokerage windows, will ease 401(k) plan administration, according to the American Benefits Council. CCH Note: The field assistance bulletin provides answers to frequently asked questions (FAQs) on the fee disclosure regulations under ERISA §404(a) and […]

Sixth Circuit declines to apply presumption of prudence at pleadings stage

The presumption of prudence generally applicable to investments in employer stock could not be applied at the pleadings stage to dismiss a claim for fiduciary breach, the U.S. Court of Appeals in Cincinnati (CA-6) has ruled. In addition, the court found that the factual allegations in the participants’ complaint went beyond documenting a simple drop […]

Major Contract Awards

Army Awards $306 Million Modification to Vehicle Conversion Contract. BAE Systems, York, Pa., was awarded a $306,171,558 firm-fixed-price contract. The award will provide for the modification of an existing contract to convert Operation Desert Storm (ODS) vehicles into the ODS situational awareness configuration. Work will be performed in Lemont Furnace, Pa.; Aiken, S.C.; Texarkana, Texas; […]