If this message looks garbled to you or if the headlines in this message don't connect you to Web pages when you click on , please request the "plain text" version of this newsletter ("Retirement Plans Edition") by emailing your request to publisher Dave Baker at davebaker@benefitslink.com
The BenefitsLink Newsletter -
Retirement Plans Edition


November 2, 2000

Today's sponsor is EmployeeBenefitsJobs.com (click on banner for more information)
(Would your company like to sponsor an issue?)


Practitioners' Opinions on the "401(k) Plan of the Future" - Unlimited Investment Options
(BenefitsBoards.net)

The Road to Defined Benefits: Transferring Out of 401 (K) Plans
Excerpt: "Beginning July 1, 2000, the 46,104 participants in Bank of America Corp.'s $4.7 billion 401 (k) retirement plan were given a one-time option lasting 60 days to decide whether to transfer all or part of their 401 (k) balances into BOA's defined benefit plan." (Strategic Finance, via International Foundation of Employee Benefit Plans)

Investment Company Institute Comments On IRS Proposed Plan Loan Regulations
Excerpt: "The letter discusses the impact of the Electronic Signatures in Global and National Commerce Act (E-SIGN) on final plan loan regulations, which were published on July 31, 2000; issues arising from proposed regulations, also issued on July 31, regarding multiple loans and loan refinancing; and the availability of plan loans in section 457 plans." (Investment Company Institute)

Transamerica Teams With Financial Engines to Provide Online Investment Advice to Plan Participants
Excerpt: "[T]he Financial Engines Investment Advisor(sm) service will be available to Transamerica's defined contribution participants. Participants will be able to reach and utilize Financial Engines online through Transamerica's Web site, www.TA-Retirement.com." (Yahoo! Finance)

Schwab Retirement Plan Services Launches New Web Site for Third-Party Administrator Clients
Excerpt: "Through linking technology, Schwab's TPA clients can pass participant name and account information from their participant accounts to the 401kTools Web site. By personalizing the participant view, Schwab can offer targeted retirement planning and mutual fund analysis tools to each participant visiting the 401kTools site. TPAs can even pass their own logos to Schwab's site in order to create a co-branded user experience." (Yahoo! Finance)

Voluntary Correction Cheaper Than Audit Roulette
Excerpt: "According to the GAO's recent report, pension plan sponsors who use one of the IRS self-correction programs, such as the Voluntary Compliance Resolution (VCR) program, can expect to pay about one-tenth of the sanction paid by plan sponsors who lose at 'audit roulette' and are caught by the IRS. And these average savings do not include the savings by plan sponsors that quickly and voluntarily correct plan problems under the Administrative Policy Regarding Self-Correction (APRSC) ..." (Martha Priddy Patterson, online from Thompson Publishing Group)

Gore and Bush Clashing Over Retirement Proposals
Excerpt: "As the presidential race draws to a close, Vice President Al Gore is asserting that Gov. George W. Bush's plan to create personal investment accounts within Social Security would eat up $1 trillion needed to pay benefits to current retirees. The Bush campaign says Mr. Gore's implication that benefits to current retirees are at risk is flat wrong and a deliberate attempt to scare voters." (New York Times; free registration required)

(Following also appears in Welfare Plans Edition)

New issue online of the Pension & Benefits Update email newsletter by Tax Analysts: 11/1/2000
Highlights: Attorney's fees denied in pension plan's wrongful levy suit; ERISA prohibits relief for misinformed beneficiary's tax losses; pensions are bankruptcy property only for tax claims, IRS agrees; grandchild is designated beneficiary of IRA interest paid to trust; determination letters for payment option elimination amendments now available; substituting successor employer in VEBA won't result in inurement pension plan covering other denominations' ministers is a church plan. (Tax Analysts, Inc.--see www.taxbase.org)



Job Openings Newly Posted or Reposted on EmployeeBenefitsJobs.com


RETIREMENT PLAN ADMINISTRATORfor HOWARD SIMON & ASSOCIATES, INC.
in IL
Human Resource Counselfor Paralyzed Veterans of America
in DC
Project Manager/Operations Analystfor ADP - Automatic Data Processing
in IL
Project Director, Integrated Benefits Servicesfor Join one of America's Fastest Growing Privately Held Financial Services Firms
in KY

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
BenefitsLink logo
DEPARTMENTS
BENEFITS SPEAKERS
Looking for a speaker for your benefits group? Want to throw your hat into the ring? Free.
_____________

BENEFITS CANDIDATES
Need personnel? It's like fishing in a barrel here.
_____________

BENEFITS JOBS
Need a benefits job? Sort the openings by their distance away from you.
_____________

BENEFITSBOARDS.NET
Exchange questions and tips with colleagues. Co-sponsored by us and several employee benefits organizations.
_____________

PROGRESSIONS
Promotions and new personnel in the employee benefits community.
_____________

Q&A COLUMNS
Experts field questions online, submitted by readers via email.
_____________

CONFERENCES
View by location, by sponsoring organization, or by date.
_____________

SOFTWARE
Largest listing of benefits software on the net: descriptions, downloads.
_____________

ADVERTISE
Ads are our sole source of support. No subscription fees!
_____________

CONTACT US
Questions?
Comments?
Suggestions?


Copyright 2000 BenefitsLink.com, Inc. All rights reserved. BenefitsLink is a trademark of BenefitsLink.com, Inc.