| The BenefitsLink Newsletter - Retirement Plans Edition |  |
April 20, 2001
Today's sponsor: The Retirement Plan Distribution Book (click to order now) (click)
The Retirement Plan Distribution Book: No other resource is as comprehensive, yet accessible by everyone who has to answer distribution questions-- from customer service representatives to legal counsel. Available now, from National Underwriter Company, publishers of other fine compliance books including Tax Facts.
DOL Obtains Consent Order That Requires Profit-Sharing Plan Fiduciaries To Pay $101,618
The Department of Labor has obtained a consent order that requires the fiduciaries of the profit-sharing plan maintained by Houston-based Distribution Specialists, Inc., to pay $101,618 in restitution and civil penalties for making improper loans and transfers from the plan to benefit themselves. (SpencerNet)
Federal Thrift Savings Plan Offers Fix for Retirement Plan Enrollment Errors
Excerpt: "The Thrift Savings Plan board on Thursday moved federal workers placed in the wrong retirement system over the last two decades one step closer to a solution. Since the switch from the old Civil Service Retirement System (CSRS) to the new Federal Employees Retirement System (FERS) began in 1984, federal human resources offices have accidentally placed as many as 20,000 employees in the wrong retirement system." (GovExec.com)
Converting to a Roth IRA: Is It the Right Choice for You?
Excerpt: "If you have a traditional IRA, it's possible to convert it to a Roth IRA under certain circumstances. Of course, the decision about whether it's more advantageous to convert to a Roth or leave your account in a regular IRA is no less complicated than choosing between the two types of plans in the first place. First of all, you can only convert to a Roth IRA in 2000 if your AGI (adjusted gross income) this year is $100,000 or less..." (Investorama.com)
How Senate Version of Pension Reform Differs From House Proposal
Sen. Charles Grassley (Iowa), along with 20 cosponsors, has introduced S. 742, the Retirement Security and Savings Act of 2001, which would make sweeping changes to pension law. S. 742 is substantially similar to H.R. 10, the Comprehensive Retirement Security and Pension Reform Act, which was introduced earlier this year by Reps. Rob Portman (Ohio) and Benjamin Cardin (Md.). However, there are certain differences between the two bills. (SpencerNet)
May PBGC Rates For Valuing Terminating Plans Are Unchanged
For single-employer pension plans terminating in May 2001, and for multiemployer plans undergoing a mass withdrawal, the interest rate established by the Pension Benefit Guaranty Corporation for calculating immediate annuities is 6.40%. (SpencerNet)
Dot-coms Juggle Dot-gone Options
Excerpt: "FREE-FALLING DOT-COM SHARE values have driven some online companies to reissue now-worthless employee stock options in an effort to keep morale up amid the market downturn.... To reinject employees' benefits and keep them on board, these companies and a host of others like them are giving employees the chance to trade in their original options for reissued options that have a different exercise price, or fixed price at which the employees can buy shares ..." (IDG.net)
Newly Posted or Renewed Job Openings (Post Yours!)
| Executive Compensation & Benefits Consultant | for Clark Bardes Consulting/Compensation Resource Group, Inc in CA, DC, GA, IL, NY, OH, TX |
| Pension Specialist | for Western Growers Association (leading agricultural trade association) in CA |
| Pension Consultants/Administrators; F/T & P/T | for Northern NJ Mid-Size Pension Consulting Firm in NJ, NY |
| Team Leader - Benefits Administration | for Towers Perrin in NY |
| 401(k) Retirement Plan Administrators | for Third Party Administrative Firms in CA |
| Senior Plan Service Team Specialist | for ICMA Retirement Corporation in DC |
| 401(k) Operations Manager | for Decimal, Inc. in CA |
| Junior Plan Administrator/Technical Support Technician | for Pensions Ltd. in San Diego County in CA |
| Employee Benefit Analyst | for Administrative Office of the U.S. Courts in DC |
| Benefits Writer | for Prudential in NJ |
| Retirement Plan Specialist-New Business Officer for Fifth Third Bank, Kentucky, Inc | for Fifth Third Bank in KY |
| Benefits Consultant | for Plante & Moran, LLP in MI |
Newly Posted Conferences (Post Yours!)
| MERCER/FOSTER HIGGINS NATIONAL SURVEY OF EMPLOYER-SPONSORED HEALTH PLANS | in CA on May 8, 2001 presented by Employee Benefit Planning Association of Southern California |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Anchorage | in AK on June 19, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Atlanta | in GA on June 19, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Buffalo | in NY on June 5, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Chicago (SW) | in IL on June 5, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Chicago (O'Hare) | in IL on June 19, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Dallas | in TX on June 25, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Fargo | in ND on June 12, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Houston | in TX on June 5, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Jacksonville | in FL on June 26, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Minneapolis | in MN on June 19, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Orlando | in FL on June 4, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Richmond | in VA on June 12, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Salt Lake City | in UT on June 11, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Sioux Falls | in SD on June 26, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Syracuse | in NY on June 26, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Tampa | in FL on June 25, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Virginia Beach | in VA on June 19, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Austin | in TX on July 10, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Boston | in MA on July 24, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Charleston | in SC on July 31, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Charlotte | in NC on July 24, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Kansas City | in MO on July 31, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Knoxville | in TN on July 24, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Memphis | in TN on July 18, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Nashville | in TN on July 10, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Philadelphia | in PA on July 31, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Providence | in RI on July 10, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Raleigh | in NC on July 18, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Sacramento | in CA on July 18, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - San Antonio | in TX on July 18, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - San Jose | in CA on July 31, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - St. Louis | in MO on July 18, 2001 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Wilmington | in DE on July 10, 2001 presented by A.E. Roberts Company |
Newly Posted Press Releases
| 401kShopper, a New Search-and-Comparison Tool, Simplifies & Speeds Employers' 401(k) Retirement Plan Search! (401kExchange.com) |
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