| The BenefitsLink Newsletter - Retirement Plans Edition |  |
June 25, 2001
Today's sponsor: The Plan Sales System (click)
The Plan Sales System is a comprehensive, 16-step system for growing a retirement plan sales practice. It provides detailed resources, contact names and numbers, checklists, charts, handouts, letters, extensive prospecting techniques, descriptions of current market opportunities, and tools for planning and monitoring sales activity. Click to order!
Employers Prepare for 401(k) Day
Excerpt: "Join employers nationwide to celebrate 401(k) Day. The celebration recognizes the 20th anniversary of 401(k) legislation by acknowledging our individual retirement dreams. On 401(k) Day, have employees dress as they hope to dress during their retirement." (Profit Sharing/401(k) Council of America)
Link to Full Text of 2d Circuit Decision in United Way Ex-President's Pension Case
Aramony v. United Way of America (2d Cir. June 20, 2001). At issue: whether or not a supplemental executive retirement plan drafted before the addition of the $200,000 compensation cap to Internal Revenue Code section 401(a)(17) legally operated to provide supplemental benefits that were unaffected by that compensation cap, due to promissory estoppel supported by ambiguity in the terms of the plan. Held: no ambiguity; the plan's terms did not provide benefits beyond the limit imposed by the cap. (United States Court of Appeal for the Second Circuit)
Opinion: the Importance of Saving Cannot Be Overemphasized
Excerpt: "Of the almost overwhelming amount of research on the subject, I like -- and trust -- the Retirement Confidence survey the best. Since 1991, it has tracked major trends in retirement planning and, in the process, shown a continuing need for basic financial education. Digging into the survey's findings, there is ample evidence to support EBRI President Dallas Salisbury's statement that this educational effort 'must be a very high, continuous repetition.'" (Humberto Cruz, in the Salt Lake Tribune)
Newly Posted or Renewed Job Openings (Post Yours!)
| Qualified Retirement Plans Manager | for Arthur Andersen, Human Capital Consulting in IL |
| Senior Benefits Consultant | for CB Richard Ellis in CA |
| Benefits Analyst | for Human Capital Management, Inc. in AZ, CA, CO, DC, IL, MA, NH, NY |
| Pension Consultant | for Mercer Global Advisors in CA |
| Marketing Coordinator | for INVESCO Retirement, Inc. in GA |
| Compliance Officer | for ICMA Retirement Corporation (RC) in DC |
| Employer Support Specialist | for ICMA Retirement Corporation (RC) in DC |
| Account Consultant | for Hartstein Associates, Inc. in NJ |
Newly Posted Press Releases
| Invesmart Opposes Retirement Security Advice Act (Invesmart, Inc.) |
| CJM Planning Corp. Joins with 401kExchange! (401kExchange.com) |
| Southeastern Companies PEO Selects Hartford Life 401(k) Program (American Pension Services) |
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