NIPA (National Institute of Pension Administrators)

Benefits Manager (Job ID 25553)
for The Dannon Company in NY

Senior Consultant - Benefits Health & Welfare
for Buck Consultants in CA

SunGard OmniPlus / Cobol Technical Analyst
for The Alliance Group in ANY STATE, NJ

Chief Executive Officer
for United Benefit Advisors in IN

Relationship Manager
for Prudential in IA

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There is Strength in Numbers?All for One! [Advert.]

Together, retirement plan professionals are a formidable force. Help promote and defend the employer based retirement system in the months and years ahead. Join ASPPA?your source for advocacy, education and networking.

$1 Mil.lion May Not Be Enough for Retirement
"To be clear, here's what we mean by $1 mil.lion: We're including what you have in any savings and retirement accounts, including tax-deferred plans like 401(k) and IRAs. You'll still have to pay taxes when you withdraw money from those. We're also including the present value of any pension accounts and Social Security payouts." (msnbc.com)

Evolution of Plan Investment Structures and Advisory Services (PDF)
"Today, the focus seems to be on moving toward more simplistic retirement plan structures. While we are not likely to return to the days of monthly valuation and three menu choices, the decision making and savings ease afforded by the structures of old are not lost on plan sponsors." (NAGDCA)

The 403(b) Market
"The . . . chart illustrates the distribution of investments in the 403(b) market as of December 31st of each year." (bWise Guys, LLC)

Fiduciary Considerations for Insured Retirement Income Products: Focus on Guaranteed Withdrawal Benefits (PDF)
"The new GMWB products consist of an investment option—typically, a balanced fund (e.g., a lifestyle fund) or a target date fund—together with a guaranteed minimum withdrawal benefit. A GMWB guarantees a specified level of benefits for life if a covered participant exhausts his retirement savings." (Institutional Retirement Income Council)

Evaluation Scorecard for Retirement Income Products (PDF)
"The purpose of this paper is to propose a set of metrics that plan sponsors and their consultants can utilize in assessing the suitability of a retirement income strategy as an investment option within a participant directed retirement plan." (Institutional Retirement Income Council)

Retirement Plans Don't Have to Give You a Cash Investment Option
"[ERISA] requires retirement plan 'sponsors,' as employers are known in benefits lingo, to act with 'prudence and solely in the best interest of plan participants' in the selection and monitoring of investment options, a Labor Department spokesman said in an e-mail. But, the law doesn't mandate that any specific types of investment options be used." (The New York Times; free registration required)

The Industry with the Most Steadfast Retirement Savers
"Larger numbers of employees of small utility companies tend to save more in their 401(k) plans than workers in many other industries . . . ." (The New York Times; free registration required)

7th Circuit Upholds Employer's Right to Revoke Pension Plan Termination and Cancel Payments
"Rejecting participants' claims for immediate in-service annuities, the court interpreted plan language to mean these options would be available only if the plan completed the termination process." (Mercer LLC)

CalPERS Boosts Cost of Terminating Pension Plans
"After a plan terminates, there is no way to get more money from the employer. The worry is that ending just one big plan could 'dramatically' erode a pool currently responsible for the pensions of 4,700 members of 118 terminated plans." (Calpensions)

Paying for Your Kids' College vs. Your Own Retirement
"'Because of the loss of home equity and the tighter credit market, families are eyeing their retirement funds for other uses,' . . . . But that, say financial planners, is not a good move because: There are a number of ways to fund a college education, such as loans, scholarships and financial aid. Saving for retirement should be a bigger priority." (USA TODAY)

Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions (PDF)
"This paper presents new empirical evidence on the effects of retirement benefits on labor force participation decisions." (Dayanand S. Manoli and Andrea Weber. via National Bureau of Economic Research)

Having Enough Money for Retirement is a Top Financial Goal, According to Survey
"According to the survey results, 47% of U.S. adults ages 18 and older say having enough money for retirement is their top financial priority, compared to just 17% who feel homeownership is their top financial goal." (PLANSPONSOR.COM)

The Question of Defined Contribution Retirement Plan Portability
"The irony for some employers is that even if a career-average structure is adopted for portability's sake, the benefit often could have been delivered much less expensively in a defined benefit (DB) pension plan than via a DC plan." (Milliman, Inc.)

The Principal 2011 Ten Best Companies for Employee Financial Security
"'These winning companies are taking a comprehensive approach to workplace benefits in order to reduce financial and physical stress of employees at all levels and demographics,' said Dallas Salisbury, Principal 10 Best judge and president and CEO, Employee Benefit Research Institute." (PLANSPONSOR.COM)

Observers Leery of Postal Service Plan to Opt Out of Federal Health and Retirement Programs
"According to draft documents summarizing the changes, government-run benefit programs do not address the Postal Service's 'unique demographic and program needs,' nor do they allow the agency to control costs and provide compensation and benefits comparable to the private sector." (Government Executive)

Legg Mason Offers Expert ERISA Help to Advisors (ExpertPlan)

Worcester Regional Chamber of Commerce Endorses The Platinum 401k Program for Members (American Pension Services, Inc.)

Swerdlin & Company Continues 2011 Strategic Growth With New Manager of Actuarial Services (Swerdlin & Company)

HighRoads Executives Comment on New Proposed HHS Regulations for Employee Health Care Benefits Communication (HighRoads, Inc.)

Moderate Pay Raises on Tap for U.S. Workers, Towers Watson Survey Finds (Towers Watson)