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Dave Baker

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Dave Baker last won the day on May 8

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About Dave Baker

  • Birthday August 24

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    https://benefitslink.com/

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  1. I'm so sorry for the long delay in getting software updated today (Thurs. 5/30/2024). The message boards were offline for most of the day. I believe everything is up and running correctly now. Thanks for your patience! Dave Baker Troublemaker
  2. Michael B. Preston, who was an enrolled actuary, was a giant in the pension field. He contributed so much to the employee benefits community. He posted 6,569 messages onto these message boards since he joined in 2001 (!) -- questions, answers and comments that helped to inform and educate hundreds, perhaps thousands, of his peers. They're all still here and on the search engines, so his wisdom and humor will continue long into the future. During the 1990s, Mike was a system operator of the PIX ("Pension Information eXchange") BBS (i.e., a "bulletin board system"). PIX basically was a server running proprietary software on a particular dedicated personal computer that had a dedicated telephone number. Members would use their PC (and a modem) to connect via a long distance phone call, so that the latest discussions could be downloaded for reading and for adding comments. Later, when the World Wide Web became popular and PIX closed, Mike become an active participant and later a "moderator" on these BenefitsLink message boards. An outstanding servant and leader in his profession, Mike was awarded the Edward E. Burrows Distinguished Service Award in 2017 by the ASPPA College of Pension Actuaries, which is "presented annually to a pension actuary who has gone above and beyond in forwarding ethics, education, beneficial legislation or regulations that enhance the private pension system or the professionalism of enrolled actuaries within the private pension system." We will miss him so much!
  3. Here is another good link -- it's a list of our news items that have been tagged with "Retirement Plan Investment Costs" -- https://benefitslink.com/news/index.cgi?tag_id=73
  4. There was no change in team name. No change in logo. Nope, didn't happen. No. No! There. Reality altered.
  5. https://benefitslink.com/m/integ.cgi -- might be fun for you.
  6. I'm having a great deal of trouble understanding the text of your question. Two letters were sent by the plan administrator -- to whom? Could you type (as a reply) the text of those letters (just put a blank line where names and addresses appear)? I am assuming that the wife is the participant here. Correct? The participant has been waiting 6 years, I see. Please explain when the 6-year period started. I'm not sure what the significance is. You say the attorney who did not file the QDRO; are you saying the attorney for the participant's husband did not provide a copy of the order, signed by a judge, to the plan until 5 days after the funds were distributed to the wife (via a rollover, I believe you said)? What do you mean by "funds to the plan that has been discharged per the letters" -- what does "discharged" mean here? And what do you mean by "per the letters"? I know the Department of Labor has published two documents for the general public about the 18-month rule -- https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/faqs/qdro-determining-qualified-status-and-paying-benefits.pdf https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/qdros.pdf
  7. Yikes. Company files for bankruptcy. Bank account is corporate property (from the face of it, anyway). Creditors get some or all of the bank account. Participants hurt. "Please provide name and physical address of the fiduciaries, for service of process."
  8. This is such a great thread. I'm so delighted that this kind of thinking and discussion can take place on these message boards. Such important stuff.
  9. Is the report only available to members? (I'm seeing "This content is for members only" on the URL of the "report" link, above.)
  10. Regarding the participants becoming entitled to distributions during the first six months of 2012 -- are these employees whose employment is terminating due to layoff or firing (not because they're quitting)?
  11. I'd like to write up an article -- prolly six or seven paragraphs -- to attract new participants on these message boards. I'll advertise it on the daily and weekly BenefitsLink newsletters. What is it about the message boards that causes you to participate -- i.e., to ask questions and post reply/answers? What have been the benefits for you? Also, if you'd rather write the article instead (or co-write it), I'd be delighted to have a volunteer!
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