| The BenefitsLink Newsletter - Retirement Plans Edition |  |
October 25, 2001 - 12,271 subscribers
Today's sponsor: Actuarial Systems Corporation
(Click on company name or banner to learn more.)
For the past 20 years ASC has provided complete automation for the pension office, including DC/401(k) and DB administration and valuation systems, as well as sophisticated compliance testing and DV Direct, a revolutionary solution for daily valuation functions. ASC stays current with all regulation changes-- ASC Beta users have already received modifications specific to EGTRRA and all ASC clients will receive this release by the end of September. For a free demo disk and more information about ASC click here: http://www.asc-net.com/contact.html
(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)
Some Retirement Investors Seem Ready to Sell Low and Buy High
Excerpt: "The overwhelming majority of workers are frightened about the declining value of their retirement accounts, and nearly half intend to change their investment strategy if the stock market remains weak at the end of the year, a new survey shows." (New York Times; free registration required)
Employers Not Making the Grade in Helping Employees Cope With Impact of Volatile Economy on 401(k)s
Press release. Excerpt: "Nearly half of Americans surveyed say they will pursue new investment strategies if their retirement-account balances are lower at the end of 2001 than they were in January. But as consumers struggle to cope with the economic downturn, employers say they're unprepared to provide the retirement-planning information employees need to make informed decisions." (PR Newswire via Excite News)
PSCA Releases Annual Survey of Profit-Sharing and 401(k) Plans
The Profit Sharing/401(k) Council of America has released its 44th Annual Survey of Profit Sharing and 401(k) Plans, which reports on the 2000 plan year experience of 909 profit-sharing and Sec. 401(k) plans. Together, the surveyed plans hold more than $212 billion in assets and cover more than 2.8 million participants. Of the 909 surveyed plans, 98 are profit-sharing plans, 346 are Sec. 401(k) plans, and 465 are combination profit-sharing/Sec. 401(k) plans. (Spencernet)
Participant Was Not Entitled To Damages For Plan Administrator's Failure To Roll Over Pension Funds
A pension plan participant was not entitled to recover the difference in investment earnings that he would have received if his benefits had been transferred into mutual funds as he had requested rather than into money market funds. This was the decision of the Sixth Circuit U.S. Court of Appeals in Helfrich v. PNC Bank, Kentucky, Inc. (No. 00-5148). (Spencernet)
Newly Posted or Renewed Job Openings (Post Yours!)
| 401(k)/DC Pension Consultant | for CBIZ Retirement Services Inc. in NY |
| 401(k) Enroller/Contractor - Bilingual | for Transamerica in FL, GA, IA, IL, IN, MI, TX |
| 401(k) Enroller/Contractor | for Transamerica in FL, GA, IA, IL, IN, MI, TX |
| Consulting Actuaries | for Cozak-Davis in CA |
| Team Leader - Recordkeeping | for INVESCO Retirement, Inc. in GA |
| Senior Pension Administrator | for American Fiduciary Corporation in MA |
| Pension Administrator / Consultant | for Everest Pension Services, LLC, an affiliate of Dorfman Robbie CPA's in NY |
Newly Posted Conferences (Post Yours!)
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - San Jose | in CA on February 5, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Atlanta | in GA on February 5, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Indianapolis, IN | in IN on February 5, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Denver | in CO on February 5, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Mobile | in AL on February 5, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Sacramento | in CA on February 12, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Evansville | in IN on February 12, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Omaha | in NE on February 12, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Birmingham | in AL on February 12, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - New Orleans | in LA on February 19, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Minneapolis | in MN on February 19, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Des Moines | in IA on February 19, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Chicago Downtown | in IL on February 19, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Davenport | in IA on February 26, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Chicago, O'Hare | in IL on February 26, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Louisville | in KY on February 26, 2002 presented by A.E. Roberts Company |
| FMLA; Coordinating FMLA, ADA, and Workers' Comp; COBRA; HIPAA; and Section 125 - Jackson | in MS on February 26, 2002 presented by A.E. Roberts Company |
Newly Posted Press Releases
| STUDY FINDS 401(K) EMPLOYERS SATISFIED IN A DOWN MARKET! (401kExchange.com) |
| NuView Systems, Inc. Holds First Annual User Group Conference (NuView 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.
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