IRS provides guidance to plan sponsors that missed April 30 deadline for adopting pre-approved DB plans

The IRS has posted guidance to plan sponsors who have pre-approved defined benefit (DB) plans that missed the April 30, 2012 deadline for signing their restated plan, approved for EGTRRA. Plan sponsors who have pre-approved DB plans were generally required to sign and date their restated plan, approved for changes made by the Economic Growth […]

Pension & Benefits NetNews – May 29, 2012

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EBSA clarifies application of fee disclosure requirements

The Employee Benefits Security Administration (EBSA) has issued guidance on the application of the fee disclosure regulations under ERISA §404(a) and §408(b)(2). The guidance, issued in the form of a Field Assistance Bulletin, addresses the calculation of the quarterly disclosure of revenue sharing, the reporting of fees under brokerage windows, the treatment of investment management […]

Spencer’s Benefits Reports NetNews – May 25, 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 […]

Major Contract Awards

Army Awards $492 Million Medical Services Contract. Godwin Corp., Langley Park, Md., was awarded a $492,000,000 firm-fixed-price contract between 10 contractors. The award will provide for the personal and non-personal services for medical specialties to include physician, nursing and ancillary services. Work location will be determined with each task order, with an estimated completion date […]

Discussions Did Not Force Unnecessary Staffing Increase

A challenge to a task order award for information technology support services was rejected because there was no merit to the protester’s allegations of misleading and unequal discussions. During discussions, the government questioned aspects of the offerors’ proposed staffing approaches. The government advised the protester it “deviate[d] from the [internal government estimate] for staffing projections, […]

Oral Contract Did Not Contain Termination Right

The termination of an emergency mail transportation contract constituted a breach, according to the Postal Services Board of Contract Appeals, because the oral contract did not provide the government with a termination right. The parties did not dispute they entered into an enforceable oral contract, which the government terminated one week after award when the […]

Three FAC 2005-59 Rules Amend the FAR

The Civilian Agency Acquisition and Defense Acquisition Regulations Councils have issued Federal Acquisition Circular 2005-59, which contains two interim rules and one final rule amending the Federal Acquisition Regulation. The rules are: Item I—Prohibition on Contracting with Inverted Domestic Corporations (FAR Case 2012-013); Item II—Free Trade Agreement–Colombia (FAR Case 2012-012); and Item III—Revision of Cost […]

Pension & Benefits NetNews – May 22, 2012

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Spencer’s Benefits Reports NetNews – May 18, 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 […]