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The BenefitsLink Newsletter -
Retirement Plans Edition

December 12, 2000

Today's sponsor is Fortress Financial Group, Inc. (click on banner for more information)
(Would your company like to sponsor an issue?)

Payment of Administrative Expenses from Plan Assets: The DOL's Kansas City Initiative
Excerpt: "In the past several months, the Department of Labor (DOL) has begun an initiative focusing on the appropriateness of using plan assets to pay for certain plan expenses, particularly fees generated by third-party service providers. The DOL's audit activity originated in the Kansas City regional office, but recent reports indicate that six of the 10 DOL regional offices are instituting plan expense audits modeled on the Kansas City program." (Thompson Publishing Group)

New Twist for Web Financial Sites-- a Live Adviser
Excerpt: "The burgeoning world of online financial advice is getting personal. The newest and potentially revolutionary twist: You can now talk to an investment adviser, a real live person, while you are online." (Salt Lake Tribune)

Bankers Systems and Newkirk Products Form Alliance
Press release. Excerpt: "Bankers Systems will focus on providing IRA documentation, consulting, and administration services -- while Newkirk's subsidiary, McKay Hochman Company, will concentrate on qualified retirement plan document and Internet solutions." (PRNewswire, via Excite! News)

(Following also appears in Welfare Plans Edition)

New issue online of the Pension & Benefits Update email newsletter by Tax Analysts: 12/11/2000
News items include: PBGC Claim for Missed Minimum Funding Contributions Denied Bankruptcy Priority; Master and Prototype Plans, Volume Submitters Must Submit Opinion Letter Applications by Year-End; Interest on Loan Deemed a Distribution Is Deductible; DOL Issues ERISA Exemption for Captive Insurance Arrangement; PBGC Amends Regs on Valuing Benefits in Single-Employer Plans; more. (Tax Analysts, Inc.--see www.taxbase.org)

Welcome to new BenefitsLink advertiser Tesseract Corporation
Tesseract's Next Dimension Benefits Manager offers complete, Web-enabled benefits administrative and employee self-service capabilities integrated with its powerful HR management and payroll solutions. For more information visit www.tesseract.com

Job Openings Newly Posted or Reposted on EmployeeBenefitsJobs.com

Daily Valuation Administratorfor WESPAC Plan Services, Inc.
in CA
Compliance Administratorfor The Vanguard Group
in PA
Defined Contribution Guru...Aggressive compensation package!for Richard A. Eisner & Company, LLP
in NY
Analystfor SCANA Corporation
in SC
Defined Contribution Business Analystfor INVESCO Retirement Plan Services
in GA
Sr Benefits Managerfor Kaiser Permanente
in CA
Senior 401k Plan Specialistfor Citistreet - A State Street & Citigroup Company
in MA
DC Administrator - Hawaiifor Hicks Pension Services - Honolulu Office
in HI
Health & Welfare Senior Consultantsfor Unifi Network/PricewaterhouseCoopers
in NJ, NY
Senior Health & Welfare Underwritersfor Unifi Network/PricewaterhouseCoopers
in NJ, NY
Regional VP/Wholesaler, 401(k) Plansfor SunAmerica Inc.
in AL, AR, FL, GA, LA, MS, NC, SC, TN, VA
Administrative Assistant/Secretaryfor Benefit Funds Office
in IL
Senior Healthcare Strategistfor Unifi Network/PricewaterhouseCoopers
in CO, DC, GA, IL, MA, NY, PA, TX
401(k) Account Service Leaderfor INVESCO Retirement Plan Services
in GA
401(K) Plan Administratorfor CMG Consulting, Inc.
in CO

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