| The BenefitsLink Newsletter - Retirement Plans Edition |  |
August 2, 2001 - 13,016 subscribers
Today's sponsor: The Profit Sharing/401(k) Council of America (PSCA) (click)
PSCA, the nationally recognized organization that was instrumental in bringing you the 401(k) plan, invites you to its 54th National Conference and Exhibition, September 12-14, 2001 in beautiful Scottsdale, Arizona. You'll find in-depth analysis and practical application of pension reform regulations; over 30 presentations, workshops and discussion groups; and networking opportunities with plan sponsors who face the same issues. Click here or visit www.psca.org for more information!
Brief IRS-Prepared Summary of New Required Minimum Distribution Rules
Excerpt: "In order to use the 2001 Proposed Regulations in making distributions for 2001 and subsequent calendar years, qualified plan sponsors must adopt the Model Amendment contained in the preamble to the 2001 Proposed Regulations." (Internal Revenue Service)
Frequently Asked Questions About the New Required Minimum Distribution Rules
Excerpt: "Question - Which model amendment should a qualified retirement plan adopt if it begins to make required minimum distributions for calendar year 2001 to some employees under the old 1987 regulations prior to the date on which the plan begins operating in accordance with the new 2001 regulations? Answer - The plan should adopt the model amendment provided in Announcement 2001-82." (Internal Revenue Service)
Boehner Bill: the Endangered Internet Advisers Act?
Excerpt: "Over the past decade, a cottage industry has sprung up to provide investment advice to the 36 million employees who have $1.7 trillion stashed in 401(k)s. Companies like Financial Engines, Invesmart and Mpower have found this to be a nice, protected niche. Federal law effectively bars the big mutual fund and insurance companies that administer those 401(k) accounts from giving employees investment advice themselves. [The Boehner investment advice] bill that would lower that bar." (Forbes.com)
Changes in Retirement Plan Law, Part 3: 401(k) plans, Defined Benefit Plans, Small Plans
Well-known ESOP/401(k) plan administrator and consultant Tony Mathews closes his 3-part analysis of the Economic Growth and Tax Relief Reconciliation Act of 2001 with a discussion of the provisions of special interest to sponsors of 401(k), defined benefit, and small plans. (National Center for Employee Ownership (NCEO))
Another Question is Answered in the Stop, Look & Listen: Railroad Retirement Q&A Column
My dad worked for the railroad for over 35 years. He retired but only lived for a few years. My mom died before he did. What happens to the money he paid into the pension fund? (BenefitsLink.com)
Limiting Legal Liability through Prudent Investment Advisory Practices, Part 3
Excerpt: "Part 2 discussed how Monte Carlo simulation (MCS) can be an effective tool in this regard. In Part 3, we show planners how they can use PPC's Portfolio PATHFINDER to demonstrate MCS to their clients." (Practitioners Publishing Company)
Employee Stock Option Lawsuits: What We Can Learn From This Major Trend
Excerpt: "You should not be afraid to use stock options and ESOPs. In fact, you need these programs now more than ever. However, you must practice sophisticated risk management lest you get dragged into litigation." (Foundation for Enterprise Development)
Newly Posted or Renewed Job Openings (Post Yours!)
| ERISA Specialist | for Transamerica Life Companies in CA |
| Education Specialist II | for ADP in NJ |
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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.
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