| The BenefitsLink Newsletter - Retirement Plans Edition |  |
October 2, 2001 - 12,199 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)
Should an Employer Make 401(k) Deferral Deposits Monthly If It Costs More?
Excerpt: "[T]he underlying analysis conducted is whether the plan fiduciary is acting in the best interest of the plan participants and beneficiaries." (Reish Luftman McDaniel & Reicher)
Supreme Court Won't Hear Challenge to PBGC Regulations in Steel Takeover Case
Excerpt: "The case concerns the regulations governing the calculation of the sum of money the PBGC can collect when it takes over a bankrupt firm's under-funded pension plan, which some say give the agency an unfair advantage over other creditors. A company's pension liabilities are based on assumptions about mortality, retirement age and interest, and generally mirror the market price of an insurance company annuity contract." (PLANSPONSOR.com; free registration required)
President Appoints Three Members of PBGC Advisory Committee, Names Chair
President George W. Bush has appointed three new members to the Advisory Committee of the Pension Benefit Guaranty Corporation and has named one of the new members as the chair of the committee. The advisory committee is charged with advising on policies and procedures of the PBGC's investments and trusteeship of terminated pension plans and on other matters as determined by the PBGC. (Spencernet)
Compilation of Online Resources About EGTRRA
Use this comprehensive compilation by BenefitsLink to locate charts, analysis and source documents pertaining to the Economic Growth and Tax Relief Reconciliation Act of 2001. (BenefitsLink)
What U.S. Airline Executives Stand to Earn
Excerpt: "The pay for top executives in the U.S. airline industry has become a matter of considerable national interest. AMR Corp.'s chief executive, Don Carty, slashed his pay package to zero for the rest of the year following the terrorist attacks on the World Trade Center and the Pentagon. His company owns American Airlines." (Graef Crystal, on Bloomberg.com)
ASPA Files Comments on New Form 5500
Excerpt: "[W]e recommend that the 2001 Form 5500 Series, including all EFAST specifications, be released as soon as possible by making only the changes absolutely essential to clarify the original intent of the questions or comply with law changes." (American Society of Pension Actuaries)
PWBA Proposes To Amend Class Exemption To Allow Plans To Receive Interest-Free Loans
The Department of Labor's Pension and Welfare Benefits Administration (PWBA) has issued a proposed amendment to a 1980 prohibited transaction class exemption that would allow employee benefit plans to receive interest-free loans and extensions of credit from related parties, such as employers. Notice of the proposed amendment was published in the September 28 Federal Register. (Spencernet)
EEOC's New York District Office To Resume Partial Operations
The Equal Employment Opportunity Commission has announced that its New York district office will resume limited operations on Wednesday, October 3, from temporary office space at the agency's Newark area office. The EEOC's New York district office was destroyed in the September 11 terrorist attacks on the World Trade Center. (Spencernet)
Newly Posted or Renewed Job Openings (Post Yours!)
| Executive Benefits Associate | for Winged Keel Group in NY |
| COBRA Administrator | for Employee benefits organization specializing in group insurance in MA |
| Executive Benefits Managing Consultants | for Aggressive Growth Compensation and Benefits Consulting Firm in ALL STATES |
| Actuarial Analyst | for Suburban Pittsburgh Actuarial Consulting Firm in PA |
Newly Posted Conferences (Post Yours!)
| PRACTICAL STEPS IN IMPLEMENTING RETIREMENT BENEFITS IN RESPONSE TO THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 (EGTRRA) | in NY on October 24, 2001 presented by New York Chapter of WEB |
Newly Posted Press Releases
| Acument Securities Selects ExpertPlan To Provide their Brokers with Online Retirement Plan Product (ExpertPlan) |
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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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