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The BenefitsLink Newsletter -
Retirement Plans Edition


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October 11, 2000

Employers Sweeten the Pot with Better 401(k) Benefits
(401Kafe.com)

IRS Amends, Consolidates Rules on Automatic Approval for Changes in Funding Methods
Excerpt: "IRS has modified the list of funding method changes that may qualify for automatic approval, and has republished the entire list of eligible funding method changes to take into account changes made over the past five years. The changes are effective for plan years beginning on or after January 1, 2000. (Rev Proc 2000-40.)" (RIA Pension & Benefits Week)

Exposing the Soft Underbelly of the Soft Dollar
Excerpt: "A 1998 SEC inspection report found that the vast majority of investment advisers ... obtain products and services using soft dollars ... that most investment advisers do not fully understand soft dollars; were not adequately disclosing soft dollar usage to their clients or investors; and might be in violation of soft dollar rules and regulations. This article [is intended to familiarize] managers and investment advisers with the issues ... and to provide some practical guidance." (Jeffrey T. Horvath of Kelly Drye)

Opinion: A Retirement Fable
Excerpt: "There once was a land where people lived only two years. In the first year they worked; in the second year they lived off their personal savings. There came a time when the government decided to help out the elderly. So it instituted a system called Social Security." (New York Times; free registration required)

Retirement Responses to Early Social Security Benefit Reductions
Link to a Working Paper available for downloading from the National Bureau of Economic Research. Excerpt: "This paper evaluates potential responses to reductions in early Social Security retirement benefits.... [W]e find that Social Security coverage is quite uneven in the older population: one-quarter of respondents in their late 50's lacks coverage under the Disability Insurance program, and one-fifth lacks coverage for old-age benefits." (Olivia S. Mitchell, John W.R. Phillips)



Job Openings Newly Posted or Reposted on EmployeeBenefitsJobs.com


Retirement System Specialistfor Levi, Ray & Shoup, Inc. (IT Company)
in IL
401(k) Plan Administratorfor RSM McGladrey, Inc.
in IL
Client Relationship Managerfor Fidelity Investments
in TX
ERISA Specialist / Legalfor Fidelity Investments
in TX
Business Analystsfor CitiStreet - A State Street and Citigroup Company
in MA
Benefit Administrator - Defined Contributionfor Buck Consultants, a Mellon Consulting Company
in NJ
401k Compliance Analystfor Automatic Data Processing- Retirement Services
in NJ
Retirement Plan Managerfor Citizens Bank
in RI
Employee Benefits Recordkeeping Supervisorfor Largest CPA and Consulting Firm in Northern New England
in ME
401(k) DC Pension Plan Administratorfor Expanding Central New Jersey Financial Planning and Employee Benefit Consulting Firm
in NJ
Senior Business Analystfor Boston Financial Data Services
in MA
Benefit Outsourcing - Defined Contribution & Total Benefit Outsourcingfor Unifi Network/PricewaterhouseCoopers
in NJ

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