Legal

In reviewing impending 2012 regs, it looks like small 401(k) plan sponsors will be left holding the bag.

The Labor Department's April 1 deadline for new 401(k) plan fee disclosures may be pushed back beyond that date as even the final ruling itself has been delayed multiple times. The extra time would be useful to clarify the disclosure directives, insiders say.

Rumor has it the Department of Labor may once again push out the compliance deadline for 401(k) fee disclosure rules.

One of the worlds largest pension funds is divesting from Wal-Mart Stores Inc. Algemeen Burgerlijk Pensioenfonds, a Dutch pension fund, said it will no longer invest in the retail giant because of its repeated violation of international labor standards.

A trustee of the Gagne Precast Concrete Products Inc. Employee Stock Ownership Plan has agreed to restore $225,000 to the ESOP and take other corrective action to resolve a lawsuit filed by the U.S. Department of Labor.

A payroll tax cut that has been in effect since 2011 will extend through the end of February. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2...