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The BenefitsLink Newsletter -
Retirement Plans Edition
Still flying!

September 12, 2001 - 12,361 subscribers
Today's sponsor: Financial Finesse

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(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)

(Following items are in both editions of the BenefitsLink Newsletter)


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.)

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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.