| The BenefitsLink Newsletter - Retirement Plans Edition |  |
September 25, 2001 - 12,175 subscribers
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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)
Time To Rebalance, Not To Retreat
Excerpt: "Some participants in 401(k) plans are finally spooked. But even more remain oblivious, even as the stock market's long slide from last year's highs turned into an outright dive last week. The split worries experts, who fear that many 401(k) account holders are managing their money the wrong way, either overreacting to short-term market performance or paying no attention whatever to their portfolios." (Washington Post)
For Employees: How to Improve Your 401(k) Results
Excerpt: "Today, many investors are still unhappy with their 401(k) performance. Wall Street is responsible for much of the damage. But investors aren't blameless. Many continue to make basic mistakes.... [Y]ou don't have to sit idly by as your savings decay. Here are seven ways to tidy up your 401(k) ..." (Knight Ridder/Tribune via IFEBP)
401k Participants Respond to Market Drop with Increased Transfer Activity
Press release from Hewitt Associates. Excerpt: "Participants in 401(k) plans reacted to last week's market performance--one of the Dow Jones' worst weeks ever--with increased investment transfer activity, moving assets from equities into fixed income." (Business Wire via Yahoo! News)
Phased Retirement Catching on, But Private Industry Opts for Informal Arrangements
Press release. Excerpt: "U.S. employers appear to be warming to the concept of 'phased retirement' for their more valued-and older-workers, but formal policies are far more likely in state and local governments and academia than in the private sector, according to a new report from the nonpartisan Employee Benefit Research Institute (EBRI)." (PR Newswire via Excite News)
Even Yielding 3%, Money Market Funds Appeal to Many
Excerpt: "Although recent, comprehensive data on certificates of deposit and savings account growth are hard to come by, information from the Federal Reserve shows that savings deposits have been on the rise since the market started falling last year." (New York Times; free registration required)
Another Question is Answered in the Stock Options, Restricted Stock and Other Long-Term Employment Incentives Q&A Column
If an individual is given restricted stock a short time before vesting, can the restricted stock be deferred? If so, how much (what percent)? Assume no section 83(b) election has been made. (BenefitsLink.com)
Thoughts for Compensation Planners for Year-End 2001 (PDF)
Excerpt: "What do we tell compensation planners about bonus trends for 2001? If they ask us what others are planning to do, we answer that most companies have not yet decided and are asking the same questions. We tell them that new proxy statements of several companies whose fiscal years have already ended have revealed lower or no bonuses for top officers, and there have been published reports that several other companies have announced their intent not to pay bonuses for 2001." (Frederic W. Cook & Co., Inc.)
Compensation Consulting Firm Comments on CalPERS' Disclosure of Proxy Voting on Comp Matters (PDF)
Excerpt: "We found this insight into the voting of a major institutional investor to be both interesting and helpful. CalPERS is one of the few institutions to publish its proxy voting guidelines on executive compensation plans, but the guidelines are very general. Knowing when they voted against specific company proposals allows us to understand their positions better." (Frederic W. Cook & Co., Inc.)
Newly Posted or Renewed Job Openings (Post Yours!)
| Defined Benefit Senior Consultant | for Unifi Network LLC, a subsidiary of PricewaterhouseCoopers in IL, NJ |
| Global Compensation Manager | for Towers Perrin in CT |
| Actuarial Analyst, Defined Benefit Plans | for Cowden & Associates in PA |
| 401(k) Administrator | for E.A. Edberg Associates, Inc. in AZ |
Newly Posted Conferences (Post Yours!)
| SunGard Corbel Client Conference | in FL on June 10, 2002 presented by SunGard Corbel |
Newly Posted Press Releases
| PRIMEWIRE PARTNERS WITH ACS TO PROVIDE STATE OF GEORGIA WITH ITS INTERNET-BASED HEALTH PLAN ADMINISTRATION APPLICATION (PrimeWire) |
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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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