Skeletons In The Closet? Both the IRS and the DOL are Offering Compliance Assistance For Plan Sponsors Of 401(k)s

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a Webcast on Wednesday August 24 from 2 p.m. to 3:30 p.m EDT.  The Webcast will highlight EBSA’s Voluntary Fiduciary Correction Program (VFCP).  The VFCP is designed to help plan sponsors self-correct violations of the Employee Retirement Income Security Act (ERISA).  Plan sponsors who use the VFCP can identify and fully correct certain transactions including, but not limited to: improper loans; delinquent participant contributions, and improper…

Bingham McHale Partner Andy Gruber on ‘Inside Indiana Business’ July 29, 2011

Bingham McHale partner Andy Gruber was on this week’s episode of “Inside Indiana Business with Gerry Dick.” Andy participated in the panel segment, “The INsiders,” where he discussed the hot topics of the week, including the end of the NFL lockout, a title sponsor for the Brickyard 400, the Pete Dye golf trail and the summer study committee at the Indiana Statehouse considering right to work legislation. Watch the video here >>

Will Your Company be Among the Many Planning to Scrutinize Retirement Plan Governance?

A recent survey of 245 U.S. employers conducted by Towers Watson revealed that four out of 10 U.S. employers expect to spend more time governing their employer-sponsored retirement plans over the next two years. The majority who plan on spending more time administering their plan are doing so because of increasing regulatory complexity, recent court cases that may subject plan sponsors to greater liability,  and market volatility.  In response to the risk associated with these challenges, many plan…