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The BenefitsLink Newsletter -
Retirement Plans Edition February 14, 2001 You may freely distribute this email newsletter in whole This issue is free, thanks to today's sponsor: EmployeeBenefitsJobs.com (click on banner for more information) Fill your employee benefits job openings fast by advertising on BenefitsLink-- we're one of the 50 best recruiting sites on the whole Internet (says CareerXRoads)! BenefitsLink is "one of the Web's best sites" (says Forbes magazine).
Average 401(k) Balance Grew 18% in 1999 Excerpt: "The average account balance for active 401(k) participants grew by 18 percent in 1999, due to contributions and strong equity market performance, according to the latest analysis by the nonpartisan Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI)." (PR Newswire) Innovative 401(k) Design Changes Bring Participant Communications Challenges Excerpt: "If you are introducing an automatic enrollment program, the initial communication will need to focus on how that program works; you will want to spend the majority of your time, effort, and money making sure that the people who are going to be automatically enrolled understand what that means for them." (Spencernet) American Benefits Council Urges Congress to Pass Portman-Cardin Pension Bill Excerpt: "The American Benefits Council today called on Congress to add bipartisan retirement savings legislation to the Bush tax plan submitted last week." (American Benefits Council) Avoid Age 55 Early Retirement Pitfalls Excerpt: "If you have the money, taking retirement at age 55 is a tantalizing thought. But, the mechanics of doing so can be a little tricky. And, if you don't know the tricks of the trade, it can also be expensive." (401Kafe.com) Transportation Unions Endorse Railroad Retirement Legislation Excerpt: "The Transportation Trades Department, AFL-CIO [on Tuesday, February 13] endorsed comprehensive Railroad Retirement reform legislation pending in this Congress and urged enactment of the measure this year." (U.S. Newswire) Changes In Retirement Distribution Rules Take Some Deciphering Excerpt: "In January, the Internal Revenue Service unveiled a plan designed to make life easier for retirees. The goal: simplify the process by which retirees calculate minimum withdrawals from retirement savings. But when it comes to the IRS, nothing is simple. The proposal to streamline the rules is 113 pages long, with language only lawyers could love." (USA Today) Young Couples Should Pick a Date, Then Talk 401(k) Plans Excerpt: "OK, it's a safe bet that of all the questions popped next Wednesday [on Valentine's Day], few will address matters of long-term financial planning. But for all those who get engaged next week -- or in any week, for that matter -- a frank conversation about money should occur soon after the engagement." (Knight Ridder/Tribune) Jury Again Targets Sierra College: Retirement Fund Secretly Tapped to Balance Budget, Panel Says Excerpt: "Sierra College officials betrayed staff and public trust by secretly dipping into an employee retirement account to balance budget shortfalls, according to a Placer County grand jury special report released Monday." (Sacramento Bee) Newly Posted or Renewed Job Openings (Post Yours!)
Newly Posted Conferences (Post Yours!)
Subscribe to the Welfare Plans Edition, too (click) Copyright 2001 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 BLretirement@add.mb00.net We have an online archive of prior issues at https://benefitslink.com/newsletters/ |
