BenefitsLink
Retirement Plans
Newsletter
Retirement Plans
Newsletter
March 21, 2007
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After you?ve checked out our FAQs, ask us about our Competitive Upgrade Program that may allow you to use all of our plan documents and government forms software for free. You do not make any payments until your current provider's contract has expired. For more information, please contact Holly Roussel at 800.596.0714 or email sales@ftwilliam.com .
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Conceptual Issues in 403(b) Documentation
Excerpt: "With the upcoming final regulations due under 403(b), there is a definite need to re-think how 403(b) documentation is structured. For a variety of reasons, mostly historical and marketplace driven, there is no generally agreed set of practices for how to get documents in place that actually meet the requirements of 403(b) and are consistent with the complex of plan structures that has evolved over time." (Thomas L. Geer, J.D., LL.M. on 403b-457plansblog.blogspot.com)
Auto Enrollment Boosts Participation, According to Study
Excerpt: "Automated retirement savings systems work, according to Principal Financial Group Inc." (National Underwriter Life & Health; free registration required)
Text of ASPPA's Comments on IRS Notice 2006-107 (Diversification Requirements)
See listing for: March 16, 2007 ? ASPPA filed comments on Notice 2006-107, diversification requirements for qualified DC plans holding publicly traded employer securities. (American Society of Pension Professionals & Actuaries)
San Diego Pension Fund Is Declared Sound
Excerpt: "San Diego's pension fund faces 'no material risk,' said an expert employed by City Attorney Michael Aguirre, though Aguirre maintained as recently as Friday that poor management could doom the retirement system." (The San Diego Union-Tribune)
Retirement in Can.ada
Excerpt: "This article looks at the trends in pension uptake and post-pension employment over the 1990s and early 2000s. Following individuals over time allows for observation of pre- and post-pension income, enabling the calculation of income replacement rates." (Statistics Can.ada)
Defining Retirement Statistics in Can.ada
Excerpt: "Demand for data on retirement will increase in the near future as the inevitable wave of retirement begins to affect many facets of Canadian life, including the size of the labour supply." (Statistics Can.ada)
Overview; IRS Guidance on PPA Changes to Maximum Deductible Contribution Rules
Excerpt: "The IRS has issued Notice 2007-28 to provide guidance on some of the changes the Pension Protection Act (PPA) of 2006 (P.L. 109-280) made to the IRC ? 404 maximum deductible contribution rules. The notice focuses on those changes that are effective beginning in 2006 plan years . . . ." (Deloitte via BenefitsLink.com)
Hackers Swiping Retirement Accounts
Excerpt: "If you travel ? or you have participants who do - and access retirement accounts online while on the road, those accounts may have been targeted by hackers, according to a news report." (PLANSPONSOR.com; free registration required)
Disaster Relief Announcement 07-05 Relating to PBGC Deadlines
Excerpt: "The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms and tornadoes that occurred on February 12-13, 2007, in Louisiana." (Pension Benefit Guaranty Corporation)
Disaster Relief Announcement 07-06 Relating to PBGC Deadlines
Excerpt: "The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms and tornadoes that occurred on March 1, 2007, in Alabama." (Pension Benefit Guaranty Corporation)
Disaster Relief Announcement 07-07 Relating to PBGC Deadlines
Excerpt: "The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms and tornadoes that occurred on March 1-2, 2007, in Georgia." (Pension Benefit Guaranty Corporation)
Proposed Legislation Would Require California Employers to Verify Employee's Social Security Numbers
Excerpt: "On February 21, 2007, Assemblyman Chuck DeVore (Republican, 70th District) introduced the Employment Verification Act of 2007." (Littler Mendelson)
Disaster Relief Announcement 07-03 Relating to PBGC Deadlines
Excerpt: "The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms and tornadoes that occurred on February 1-2, 2007, in Florida." (Pension Benefit Guaranty Corporation)
Disaster Relief Announcement 07-04 Relating to PBGC Deadlines
Excerpt: "The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms, tornadoes, and flooding that occurred on December 25, 2006, in Florida." (Pension Benefit Guaranty Corporation)
Audio: Pension-Fund Network Pushes 'Green' Agenda
Excerpt: "State officials and business leaders in control of $4 trillion in pension funds are using their financial clout to push for a change in national policy to reduce greenhouse-gas emissions. The Investor Network on Climate Risk includes treasurers from nine states." (Morning Edition via National Public Radio)
Sponsored by: ASPPA
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Designed by practicing pension actuaries specifically to address their unique and specialized needs, this conference covers a wide variety of current and timely issues. Workshops and general sessions will be dedicated to topics including PPA, Future DB Policy Initiatives, Yield Curve, RP 2000 Mortality Tables and Hybrid Plans. Join your fellow pension actuary colleagues at this one of a kind event.
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Links to Items on Executive Comp, Benefits in General
A Review of Recent Benefits Related Legislation in the House
Excerpt: "from Spencer's Benefits Reports: Between February 13 and March 8, . . . benefits related bills were introduced in the House. Included are bills to increase health care coverage (H.R.1111, 1200), improve retiree health care (H.R. 1322), and expand mental health parity . . . ." (Wolters Kluwer Law & Business)
Newly Posted Events
401(k) Plan Workshop
in Minnesota on April 25, 2007
presented by SunGard Relius
401(k) Plan Workshop
in Massachusetts on April 26, 2007
presented by SunGard Relius
401(k) Plan Workshop
in Washington on April 27, 2007
presented by SunGard Relius
401(k) Plan Workshop
in Iowa on April 27, 2007
presented by SunGard Relius
Form 5500 Workshop
in Minnesota on April 24, 2007
presented by SunGard Relius
Form 5500 Workshop
in Massachusetts on April 25, 2007
presented by SunGard Relius
Form 5500 Workshop
in Iowa on April 26, 2007
presented by SunGard Relius
Form 5500 Workshop
in Washington on April 26, 2007
presented by SunGard Relius
Health Coverage Revisited: Exploring Options for Expansion - Webcast
Nationwide on March 21, 2007
presented by KaiserNetwork.org
Newly Posted Press Releases
Watson Wyatt Urges Congress to Block Energy Department's Anti-Pension Policy
Watson Wyatt
U.S. Department of Labor Official Testifies Before House Subcommittee On Administration?s FY 2008 Budget Request For Employee Benefits Security
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Survey Data Reveal Stunning Lack of Awareness of "Saver's Credit"
Transamerica Retirement Services
Workplace Options Views Recent Foreclosure Crisis as Opportunity for Employers to Educate Their Workforce
Workplace Options
dressbarn, inc. Selects CitiStreet as 401(k) Administrator
CitiStreet
Newly Posted or Renewed Job Openings
Benefits Consulting VP
for Merrill Lynch
in NJ
Investment Consultant (Analyst)
for Merrill lynch
in GA
Communication Consultant
for Merrill Lynch
in NJ
Handy Links:
- View Today's Active Message Threads
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
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