| BenefitsLink Retirement Plans Newsletter |   |
December 11, 2003 - 13,525 subscribers
Today's sponsor: Thompson Publishing Group, Inc.
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Practical Tips & Strategies for Managing an Employee on FMLA Leave An Interactive Audio Conference, December 17, 2003, 2:00 – 3:30 p.m. ET A recent Society of HR Management survey found that half of all HR managers have approved fraudulent leave requests. As an employer, do you continue to struggle with regulations regarding employees who have taken FMLA leave? Join us for this interactive presentation, and learn how to quickly understand and comply with these complicated and constantly evolving FMLA rules. Plus, you'll get the chance to ask your specific questions!
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Fund Compliance Plans Ignored Trade Timing
Excerpt: "The numbers seemed almost incredible: more than 25,000 letters and e-mail messages were sent by 68 mutual fund companies over 12 months to Prudential Securities, all complaining about a small group of Prudential brokers in Boston." (New York Times; one-time registration required)
Text of 6th Cir. Opinion Holding 403(b) Annuity NOT Excluded from Debtor's Bankruptcy Estate
Excerpt: "The principal issue in this case is whether the bankruptcy court erred when it concluded that the Debtors' § 403(b) annuity plans constitute trusts within the meaning of 11 U.S.C. § 541(c)(2).... Both plans contain anti-alienation clauses (transfer restrictions) that prevent the Debtors from reaching the assets of their pension funds until they are 59½ years of age.... No creditors can reach the assets of the Debtors' pension plans under the terms of the anti-alienation clauses." (U.S. Court of Appeals for the Sixth Circuit via FindLaw.com)
Fidelity Institutional Retirement Services Company Publishes Report on DC Plan Data for 2002
Excerpt: "The data in this report were gleaned from nearly 10,000 plans for which FIRSCo provided recordkeeping services in 2002. The plans, ranging in size from fewer than 25 participants to far beyond 25,000, contained $361 billion in defined contribution assets held by 8.1 million participants.... The average participation rate was 68% among plans for which FIRSCo performed nondiscrimination testing, a 1.5 percentage point decrease from 2001." (Fidelity Institutional Retirement Services Company)
Newly Posted Events
Savings and Retirement Symposium
in Florida on January 22, 2004
presented by Securities Industry Association
Newly Posted Press Releases
The WEB Network Issues RFP for Accounting Services - UPDATED
(Worldwide Employee Benefits Network (WEB))
Keenan & Associates Advisory Board Formed to Help Guide Public Sector Strategy Initiatives
(Keenan & Associates)
WebFinance Inc. Unveils WiserAdvisor.com, a Breakthrough Service for Finding Financial Advisors
(Metrics Partners)
Benefits Satisfaction Declines Among Workers as Companies Focus on Cost-Shifting, MetLife Study Shows; Gap Emerges between Employer/Employee Views on Workplace Satisfaction
(MetLife)
Governor Rendell Signs Pension Bill; Legislation Will Result in $1.7 Billion In Savings for School Districts Over Three Years
(Pennsylvania Office of the Governor)
Newly Posted or Renewed Job Openings
Mgr-Compliance
for American Express
in MN
Qualified Plan Administrator
for High End Small Plan TPA
in FL
Manager - Benefits Administration
for Search firm on behalf of client company - confidential
in AR, KS, MO, OK
Pension/401(k) Administrator Assistant
for Pen-Cal Administrator, Inc.
in CA
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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