| The BenefitsLink Newsletter - Retirement Plans Edition |  |
September 12, 2001 - 12,361 subscribers
Today's sponsor: Financial Finesse
(Click on company name or banner to learn more.)
Thinking about offering stock options education to your employees? Financial Finesse's online seminar called "Understanding Your Stock Options" might be just the solution you need! Purchase by October 31 and get FFAnswers for FREE (a $3,600 value!). See a demo at http://www.financialfinesse.com/business_solutions/online.php To order, call toll-free 1-866-733-2677 or email business_solutions@financialfinesse.com (offer code number EBN002).
(Help BenefitsLink to provide this newsletter at no charge to you -- our sponsors pay our way. Remember to visit them periodically; we try to make sure their products and services will be of interest to you. Thanks! --Editor)
New Study Reveals Participants Remain in Default 401(k) Elections
Excerpt: "Much has been made of the virtues of automatic enrollment. It gets employees into 401(k) plans, helps boost their overall retirement savings, and improves the chances of passing nondiscrimination tests. But automatic enrollment has its down side as well, a recent study reveals, and unless plan sponsors are aware of it, they can, over time, hurt the savings potential of their employees." (IOMA's Report on Managing 401(k) Plans)
Another Question is Answered in the Who's the Employer Q&A Column
Corp 1 is owned by doctors A and B. Corp 2 is owned by doctor C. Each corporation has a retirement plan. The two corporations will continue to exist through the end of the year and collect receivables. The doctors are starting a third company (Corp 3) to be the "operating corporation" going forward, with the three doctors as equal shareholders. All employees will be retained with the same job titles and positions. Is Corp 3 aggregated with the others? All three doctors are unrelated. (BenefitsLink.com)
ASPA's Los Angeles Benefits Conference Scheduled for September 13 and 14 has been CANCELED
The 2001 Los Angeles Benefits Conference, which was scheduled to be held at the Universal City Hilton and Towers, September 13-14, 2001, has been CANCELED due to the national tragedy on September 11. ASPA will notify attendees soon, regarding the status of the event. (Source: http://www.asppa.org/whatsnew.htm) (American Society of Pension Actuaries)
Newly Posted or Renewed Job Openings (Post Yours!)
| Consultant, Employee Benefit | for The Standard Insurance Company in ALL STATES |
| Pension Administrator | for Pension Investors Corporation in FL |
| Benefits Specialist Supervisor | for Ceridian in FL |
| Pension Specialist - Actuarial | for American Home Products Corporation in NJ |
| Lead Technical Analyst | for First Trust Corporation in CO |
| Pension Administrative Assistant | for Porte Brown LLC in IL |
Newly Posted Press Releases
| Union Bank of California, N.A., 401(k) Pro, Inc. Creating Web-based 401(k) Administration Service for Small Businesses (Pentec Systems, Inc.) |
Subscribe to the Welfare Plans Edition, too (click)
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.
- How to Sponsor an Issue: reach 12,361 benefits professionals!
- How to Subscribe
- Privacy Policy
- Archive of Prior Issues