| The BenefitsLink Newsletter - Retirement Plans Edition |  |
November 12-13, 2001 - 12,441 subscribers
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Employees Acquire Appleton Papers via ESOP Transaction
Press release. Excerpt: "Employees of Appleton Papers Inc. ... purchased all the stock of the manufacturer of specialty coated paper products from its European parent, Arjo Wiggins Appleton plc, in a transaction valued at $810 million. The transaction forms one of the largest employee buyouts in U.S. corporate history and one of the largest buyouts this year." (PR Newswire via Excite News)
Much Can Go Wrong for an IRA Beneficiary
Excerpt: "[M]any IRA holders have failed to name a beneficiary, two nationally recognized experts said ... This could cause big problems. For example, if you haven't named a beneficiary for your IRA and you die, your IRA will pass according to the provisions of your IRA plan document ..." (Neil Downing in the Providence Journal)
Fiduciary Liability Insurance: a Valuable But Often Overlooked Asset (PDF)
Excerpt: "Fiduciary liability insurance is both complex and unique. Trustees are encouraged to use due diligence to select the best qualified insurance broker, to discuss litigation issues with fund counsel, explore coverage options with their broker and buy the most appropriate coverage available." (The Segal Company)
Pensions and Stock Options Under the New U.S - U.K. Tax Treaty
Excerpt: "The new treaty clarifies or modifies a number of murky cross-border tax matters, including taxation of pensions and stock options, though it also raises some new questions." (Groom Law Group)
Slowdown Provides Chance to Stock Up
Excerpt: "This is an excellent time to accumulate more shares for use in your retirement, many financial advisers say." (The [Philadelphia] Inquirer)
CalPERS' Hedge Fund Move May Spark Trend
Excerpt: "The California Public Employees' Retirement System is set to pour more money into exclusive investment funds for the wealthy, a move that may spur smaller pension funds to jump into the hot hedge fund industry." (Reuters via Excite News)
Employer Not Required to Provide Historical Annual Reports to Plan Participant
Staib v. Vaughn Industries (N.D. Ohio 2001). Excerpt: "As to the historical summary annual reports and annual reports (i.e., Form 5500s), the court noted that ERISA Section 104(b)(4) requires production of only the 'latest' annual report and summary plan description (SPD). Therefore, it held that the company had already complied with ERISA by turning over the annual reports for the most recent plan year." (EBIA Weekly)
Worker Not on Company Payroll Was Ineligible for Benefits Even If Common-Law Employee
Gustafson v. Bell Atlantic Corp. (S.D.N.Y. 2001). Excerpt: "Even though the court agreed that the plaintiff might have been misclassified as an independent contractor (given the high degree of control exercised by the company over his work), it dismissed the benefit claims based on the eligibility clauses of the pension and health plans." (EBIA Weekly)
Newly Posted or Renewed Job Openings (Post Yours!)
| Pension Administration Systems Specialist | for Unifi Network LLC, a Subsidiary of PricewaterhouseCoopers LLP in NJ |
| Manager, Retirement Plans Administration | for HSBC Bank, USA in NY |
| Client Relationship Manager | for Pension Third Party Administrator in MI |
Newly Posted Conferences (Post Yours!)
| Fundamentals of Money Management Workshop | in PA on October 7, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Care Management Conference | in NV on November 10, 2002 presented by International Foundation of Employee Benefit Plans |
| Investments Institute | in NV on May 6, 2002 presented by International Foundation of Employee Benefit Plans |
| Washington Legislative Update | in DC on May 20, 2002 presented by International Foundation of Employee Benefit Plans |
| Learning and Development/Work Environment Basics | in CA on April 9, 2002 presented by International Foundation of Employee Benefit Plans |
| Learning and Development/Work Environment Basics | in IL on August 22, 2002 presented by International Foundation of Employee Benefit Plans |
| Creating High-Performance Organizations | in CA on April 11, 2002 presented by International Foundation of Employee Benefit Plans |
| Creating High-Performance Organizations | in IL on August 26, 2002 presented by International Foundation of Employee Benefit Plans |
| Total Compensation and Organizational Strategies | in FL on March 4, 2002 presented by International Foundation of Employee Benefit Plans |
| Total Compensation and Organizational Strategies | in CA on April 15, 2002 presented by International Foundation of Employee Benefit Plans |
| Total Compensation and Organizational Strategies | in IL on August 20, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Benefit Plan Basics | in FL on February 26, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Benefit Plan Basics | in CA on April 15, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Benefit Plan Basics | in WI on July 16, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Benefit Plan Basics | in WI on August 15, 2002 presented by International Foundation of Employee Benefit Plans |
| Health Benefit Plan Basics | in NY on October 7, 2002 presented by International Foundation of Employee Benefit Plans |
| Retirement Plan Basics | in FL on February 26, 2002 presented by International Foundation of Employee Benefit Plans |
| Plan Expenses and Payments to Service Providers: Fiduciary and Prohibited Transaction Issues | in CA on November 15, 2001 presented by Western Pension and Benefits Conference - Orange County Chapter |
| Basic Compensation Concepts | in FL on February 26, 2002 presented by International Foundation of Employee Benefit Plans |
| Basic Compensation Concepts | in CA on April 9, 2002 presented by International Foundation of Employee Benefit Plans |
| Basic Compensation Concepts | in WI on July 22, 2002 presented by International Foundation of Employee Benefit Plans |
| Basic Compensation Concepts | in NY on October 2, 2002 presented by International Foundation of Employee Benefit Plans |
Newly Posted Press Releases
| BeneCom Announces Introduction of WebSPD (BeneCom Associates, LLC) |
| INSURANCE-ENGINE™ 3.0 STREAMLINES EMPLOYEE BENEFITS AND 401(K) SUPPLY CHAINS (IE-Engine 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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