The BenefitsLink Newsletter -
Retirement Plans Edition This issue is sponsored by Lawson & Fields P.C. (click on graphic for more information) June 16, 2000 401(k) Fees Under the Microscope: Time to Unbundle Services? Excerpt: "Any trend toward unbundling driven by flexible, competitive fees may take a few years to become apparent, as fee reviews enter plan sponsor priority lists." (401kWire.com) ERIC Urges Treasury to Tread Lightly on Cash Balance Plan Conversions Excerpt: "Much of the current controversy is being driven by a series of careless and distorted media reports that rely more on anecdotes than on facts. Precipitous action by the Administration or the Congress ... will cause employers that now provide defined benefit plans to change to less secure arrangements." (ERISA Industry Committee) Gateway Embraces Black-Scholes Model for Executive Stock Options -- Sort Of Excerpt: "In 1993, the Financial Accounting Standards Board, the rule-making body for American accounting, proposed that every company charge its earnings with the estimated present value of stock option grants, measured using the Black-Scholes model or one of its linear descendants. While most every company in the land was unhappy with this proposal, the high-tech folks were apoplectic." (Graef Crystal, on Bloomberg.com) What's a KEYSOP? Do They Work? Learn more about this new executive compensation program by following the online discussion among practitioners. (BenefitsBoards.net) Alliance Members of Parliament Getting Pensions They Once Denounced Excerpt: "Canadian Alliance MPs who once denounced the parliamentary pension plan as a gold-plated abomination are about to join it--some willingly, others grudgingly." (Canadian Presse) Working Teens Can Open Roth IRA Excerpt: "But if Roths make sense for adults, they make even better sense for kids. Here's why..." (Sandra Block, in USA Today) Opinion Varies on Variable Annuities Excerpt: "The financial community thinks it is better to invest directly in a mutual fund, but do the benefits of variable annuities outweigh their higher costs, as claimed by the insurance industry?" (SF Gate) Subscribe to the Welfare Plans Edition, too (click) Copyright 2000 BenefitsLink.com, Inc. Feel free to forward this email to friends, colleagues or clients, if no fee is paid to you and the email is forwarded in its entirety. Thanks! BenefitsLink is a trademark of BenefitsLink.com, Inc., published by Dave Baker with much help from Mary Hall and lots of friends. To subscribe (free): visit https://benefitslink.com/newsletter - or the person desiring to subscribe can send an email to listmanager@postmastergeneral.com, with this as the subject of the email: subscribe BLretirement We have an online archive of prior issues at http://www.postmastergeneral.com/cgi-bin/archive.pl?list=BLretirement |
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