| The BenefitsLink Newsletter - Retirement Plans Edition |  |
April 11, 2001
Today's sponsor: The Plan Correction Answer Book (click)
Have questions about ... qualification failures, when and how to correct, a plan's right to participate in EPCRS? You'll want The Plan Correction Answer Book. It's a comprehensive guide to the IRS remedial programs, written by attorneys Fred Reish and Bruce Ashton, of Reish Luftman McDaniel & Reicher. Click on the link to order!
401(k) Investors Plug On, Despite That Sinking Feeling
Excerpt: "Trying to stomach the stock market's dips and peaks can make even the heartiest among ranks queasy as they watch their 401(k) retirement account earnings plummet. The urge to leap out of the market grows stronger with each downslide.... [but for the] most part, people appear to be staying put in their 401(k)s, content to let this ride finish its wild course." (Tulsa World)
Segal Company Finds Multiemployer Plans Well-Funded (PDF)
Excerpt from press release: 'The multiemployer defined benefit pension plans recently surveyed by The Segal Company continue to be very well-funded. The 2000 Survey of the Funded Position of Multiemployer Plans includes 462 multiemployer plans with combined assets of almost $130 billion. The survey found that 79% of the plans surveyed were fully funded for their vested benefits. This percentage is up from 77% in the previous survey in 1999." (The Segal Company)
Special Edition: Compliance Checklist 2001 (PDF)
24 pages; designed for CIGNA customers but very interesting for other employers as well. Excerpt: "The Checklist incorporates Defined Benefit, Defined Contribution and Nonqualified Executive Benefit requirements and provides information on the material that you will need to file, filing due dates, and agencies to which filings should be made." (CIGNA's Pension Analyst)
Recharacterizing a Roth IRA as a Regular IRA Could Be a Brilliant Deduction
Excerpt: "If you opened a Roth IRA last year, you still have time to change your mind and switch that Roth to a traditional Individual Retirement Account. And now may be a good time to make such a switch if you want-- or need the federal income tax deduction that you can get by contributing to a traditional IRA." (Neil Downing in The Providence Journal)
Global Retirement Trends - Part III
Excerpt: "... it has become clear that the US marketplace has much to offer to markets offshore. It is also clear that storms beyond the horizon will come to present us in the US with issues of profitability and even business survival. First, the UK retirement scene and what we can offer." (401kWire.com)
Finnish Government Wants Finns to Work Longer Before Retiring
Excerpt: "The Finnish ministry of health care and social affairs has come up with a ten-year plan to encourage Finns to start working at an earlier age and keep working for longer. The aim is reportedly to change the pension system to encourage Finns to keep working and the planned changes include abandoning the early retirement pension and the individual unemployment pension." (M2 Communications)
Newly Posted or Renewed Job Openings (Post Yours!)
| Director of Client Services | for Universal Pensions, Inc. in MN |
| Retirement Administrator | for Delaware Investments in PA |
| Payroll Project Manager | for Fidelity Investments in TX |
| ERISA Specialist | for Transamerica Life Companies in CA |
| Compensation Manager (BL-SJCORP6922) | for Sony Electronics Inc. in CA, NJ |
| Senior Actuarial Benefit Consultant | for Fidelity Investments Defined Benefit Implementation Group in MA |
| Pension Consultant - Employer Plan Services | for MetLife/New England Financial in MA |
| Calculation Developer | for Fidelity Investments Defined Benefit Implementation Group in MA |
| Entry-level Pension Analyst | for Louis Kravitz & Associates, Inc. in CA |
| Director of Compliance | for Fidelity Investments in UT |
Newly Posted Conferences (Post Yours!)
| Advanced Law of Pensions, Welfare Plans, and Deferred Compensation | in CA on July 9, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
| Annual Fall Employee Benefits Law and Practice Update | in ALL STATES on September 20, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
| Retirement, Deferred Compensation, and Welfare Plans of Tax-Exempt and Governmental Employers | in DC on September 13, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
| Advanced Employment Law and Litigation | in DC on November 29, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
| Current Developments in Employment Law | in NM on July 26, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
| Insurance Coverage in the New Millennium | in NY on October 11, 2001 presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education) |
Newly Posted Press Releases
| SYLINQ Launches Net*LINQ (TM) 4.0 (SYLINQ Corporation) |
| Hobbs Group Subsidiary Standardizing On Insurance-Engine For Large Case Employee Benefits Procurements (IE-Engine Inc.) |
| Mazonson Completes Web-based Insurance Transaction for NewsEdge (IE-Engine Inc.) |
| Internet health care players form strategic alliance (IE-Engine Inc.) |
| Employee Benefit Source conducts online employee benefits e-marketplaces (IE-Engine Inc.) |
| IE-Engine releases online group benefits marketing product - New web-enabled service allows brokers, carriers and clients to negotiate complex group insurance offerings. (IE-Engine Inc.) |
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