Part Time On Call Retirement Planning Consultant
for Transamerica Retirement Solutions in AR, CA, GA, MO, NY, UT

Conversion Consultant
for ASPire Financial Services LLC in FL

Defined Contribution Analyst
for Milliman in CA

Retirement Services Account Manager
for Lockton Insurance Brokers, LLC in CA

ERISA Consultant
for Pension Consultants, Inc. in MO

Senior Business Analyst
for ASPire Financial Services LLC in CO, FL

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Mergers and Acquisitions
September 24, 2013 in KY
(ASPPA Benefits Council of Greater Cincinnati)

Advanced Cross-Tested Plans: Adding More Tools
September 20, 2013 in OH
(SunGard Relius)

Affordable Care Act 101 for Small Business
September 12, 2013 WEBCAST
(U.S. Small Business Administration (SBA))

ESOP Basics and Nonqualified Deferred Compensation Plans Seminar
September 25, 2013 in MO
(ASPPA Benefits Council of Gateway St. Louis)

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[Official Guidance]

IRS Form 3922 (Rev. Aug. 2013) for Reporting Transfer of Stock Acquired Through an Employee Stock Purchase Plan under Section 423(c) (PDF)
"This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website." (Internal Revenue Service)  

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[Official Guidance]

Instructions for IRS Form 3922 (Rev. Aug. 2013) for Transfer of Stock Acquired Through an Employee Stock Purchase Plan under Section 423(c) (PDF)
"Every corporation, which in any calendar year records, or has by its agent recorded, a transfer of the legal title of a share of stock acquired by the transferor (person who acquires the shares pursuant to the exercise of the option) pursuant to the transferor's exercise of an option granted under an employee stock purchase plan and described in section 423(c) (where the exercise price is less than 100% of the value of the stock on the date of grant, or is not fixed or determinable on the date of grant), must, for that calendar year, file Form 3922 for each transfer made during that year." (Internal Revenue Service)  

Boosting a Widow's Retirement Savings
"[The financial adviser] then found a solution to the widow's potential retirement shortfall by making one big change: shifting the company's Savings Incentive Match Plan for Employees of Small Employers to a combination of a defined-benefit plan and a Safe Harbor 401(k) that included a profit-sharing element.... The advantage of the [this] strategy was the ability for the woman to infuse the plan with large donations of pretax dollars, and then recoup most of those contributions for her own retirement.... [T]he goal was for [the widow] to get back 85% of what she put into the company's plan, leaving the rest to continue growing for her employees' benefits." (The Wall Street Journal; subscription may be required)  

Third Annual fi360-ThinkAdvisor Survey of Investment Advisors: Information and Opinions About the Fiduciary Standard
"Advisors largely rejected the arguments of opponents of placing investors' interests first by extending the fiduciary standard for advice.... [S]urvey respondents said extending to fiduciary standard to brokers: [1] Would not cost investors more for advice (79%). [2] Would not price investors out of the market for advice (69%). [3] Would not limit access to advice or products (68%). Survey participants strongly agreed that investors are unaware of the differences between the fiduciary standard governing investment advisers and the much lower 'suitability' standard used by the brokers." (fi360)  

More Carrying Debt into Retirement
"The number of people in their 60s who have debt has grown from just under half of that age group in 1998 to nearly two out of three in 2010. And their debt, as a share of their assets, has surged during that time from 10 percent to 18 percent ... Among individuals with incomes that place them in the top third of incomes, the share of older people in debt increased from 57 percent to 70 percent between 1998 and 2010 -- a 13 percentage point rise." (Center for Retirement Research at Boston College)  

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Retirement Education, Plan Documents, and more.

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Perspectives on the PBGC Single-Employer Deficit (PDF)
"The PBGC's methods and assumptions produce a reasonable representation of its current obligation and deficit. New sources of income to address the deficit should be explored, but immediate premium increases on plan sponsors are not necessary or appropriate and could be counterproductive. Rising interest rates would have a favorable effect on the deficit but would be unlikely to eliminate it. There is no immediate crisis, assets are sufficient to pay benefits for many years and the funded ratio has held above 70 percent. Priority should be placed on developing a premium structure that reflects the risk that plans pose to the system with respect to future terminations." (American Academy of Actuaries)  

[Opinion]

Keeping the Promise: State Solutions for Government Pension Reform (PDF)
"As overseers of both the public treasury and the public workforce, legislators, regardless of ideological stripes or policy goals, need to review the health of government pensions in their states.... Before looking in the toolbox, though, they should establish some principles for reform. These should include eliminating the possibility that the state will go functionally bankrupt from pension-related costs, meeting the obligations that the state has incurred in the past, and making future obligations predictable and sustainable. Other principles include ensuring that the public does not bear all the risk of retirement systems and shielding employees from unsystematic risk -- risk inherent in individual decisions, such as making a big bet on one stock -- rather than risk inherent to investing, such as a decline in the overall stock or bond market." (American Legislative Exchange Council [ALEC])  

[Opinion]

Congress Should Protect Investors, Not Undermine Them
"In an effort to keep up with the changing retirement landscape, the Department of Labor is trying to modernize its investment advisor fiduciary rules. By updating these rules, the agency wants to ensure that the professionals who give investment advice to millions of everyday workers and retirees in 401(k)s and IRAs do so without conflicts of interest. Who could disagree with that? The financial industry, of course." (Pension Rights Center)  

[Official Guidance]

IRS Form 3921 (Rev. Aug. 2013) for Reporting of Exercise of an Incentive Stock Option Under Section 422(b) (PDF)
"This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website." (Internal Revenue Service)  

[Official Guidance]

Instructions for IRS Form 3921 (Rev. Aug. 2013) for Reporting of Exercise of an Incentive Stock Option Under Section 422(b)
"Every corporation which in any calendar year transfers to any person a share of stock pursuant to that person's exercise of an incentive stock option described in section 422(b) must, for that calendar year, file Form 3921 for each transfer made during that year." (Internal Revenue Service)  

Cypen & Cypen Newsletter, August 22, 2013
Article titles include: Florida Division of Retirement Releases Police and Fire Premium Tax Monies Report; Pension 2013 Assumption and Disclosure Survey; Retirees Entitled To Receive Health Care for Life Without Contributions; For FSLA and FMLA Purposes, Volunteer Firefighters Are "Employees"; What Has CalPERS Ever Done for California? and Florida Division of Retirement Annual Police Officers' and Firefighters' Pension Trustees' Fall Conference. (Cypen & Cypen)  

US Department of Labor Sues San Francisco’s California Pacific Bank
Employee Benefits Security Administration (EBSA), U.S. Department of Labor

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