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The BenefitsLink Newsletter -
Retirement Plans Edition
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May 23, 2002 - 11,355 subscribers
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Recent Case Law Developments Affecting Cash Balance Plans (PDF)
Fall 2001 issue; 149 page document. Article begins at page number 285 (page 49 of the PDF document). Excerpt: "This article provides a discussion regarding cash balance pension plans in general and, in particular, recent case law developments involving such plans. These cases include Esden v. Bank of Boston, Lyons v. Georgia-Pacific Corp. Salaried Employees Retirement Plan, and Eaton v. Onan Corp." (Douglas E. Motzenbecker in The Labor Lawyer)

Overview: DOL Revises Form 5500, Schedule H Instructions For Participant-Directed Brokerage Accounts
Schedule H to Form 5500 generally requires sponsors of employee benefit plans to report plan assets and the earnings thereon by category (common stock, corporate bond, U.S. Government security, real estate, loan); however, the instructions for the 2001 Schedule H permit large plans to elect an alternative method of reporting assets held in participant-directed brokerage accounts. (Sanders, Schnabel & Brandenburg, P.C.)

A Closer Look at Helping Employees Better Manage Investment Risk
Excerpt: "While many workers continue to view company shares and the stock market as their long-term route to retirement security, that belief was questioned during a conference in April on 'Risk Transfers and Retirement Income Security' sponsored by Wharton's Pension Research Council and The Financial Institutions Center." (Wharton School, University of Pennsylvania)

Women Over 65 Half as Likely to Receive Pension; Those Who do, Get Only Half as Much as Men
Press release (5/22/2002). Excerpt: "The study has a number of public policy implications. Dr.Heidi Hartmann, IWPR's president and CEO says, 'Extending pension coverage to more part-time workers and shortening vesting periods should anchor a women's agenda for federal pension policy.'" (Institute for Women's Policy Research)

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


Intel CEO Calls for Expensing Stock Options
Excerpt: "Craig Barrett, chief executive of No. 1 chipmaker Intel Corp., Wednesday proposed companies be required to expense stock option grants given to their top five executives, proposing a middle ground in what has become a hotly debated issue since Enron Corp.'s collapse." (SiliconValley.com)

Overview: DOL Expands Voluntary Fiduciary Correction Program (PDF)
Excerpt: "Plan sponsors are likely to view the modifications to the VFC Program favorably and possibly make more use of the program.... Other provisions of the VFC Program - such as the complex determination of whether a fiduciary/potential fiduciary breach has occurred, risk of other enforcement actions, and limited IRS excise tax relief - continue to discourage its use." (Milliman USA)




Newly Posted or Renewed Job Openings - Post a Help Wanted Ad
Implementation Specialist for ExpertPlan, Inc.
in NJ
Account Management/ERISA Service Specialist for ExpertPlan, Inc.
in NJ
Director of Service Operations for AEGON Group/Life Investors Insurance Company of America
in IA
Pension Administrator for Mid-Town New York City Pension Administration Company
in NY
Director of Defined Benefit Plan Services for Confidential
in OH
Retirement Plan Technical Specialist for The K Corporation
in TX
Lead Trainer - Qualified Plans for AEGON Group/ Life Investors Insurance Company of America
in IA
Senior Pension Technology Consultant for Levi, Ray & Shoup, Inc.
in CA, IL



Newly Posted Conferences (Post Yours!)
Evolution of Defined Contribution in Today's Marketin TN on June 12, 2002
presented by DataPath Software Solutions
Advanced Law of Pensions, Welfare Plans, and Deferred Compensationin MA on July 1, 2002
presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education)
Basic Law of Pensions, Welfare Plans, and Deferred Compensationin CA on July 8, 2002
presented by ALI-ABA (American Law Institute-American Bar Association Committee on Continuing Professional Education)
Flex Compliance Boot Campin CA on June 19, 2002
presented by MHM Business Services, Inc.
Flex Compliance Boot Campin MO on July 17, 2002
presented by MHM Business Services, Inc.
Flex Compliance Boot Campin PA on September 18, 2002
presented by MHM Business Services, Inc.
Flex Compliance Boot Campin MO on November 13, 2002
presented by MHM Business Services, Inc.
Section 125 Cafeteria Plan Executive Trainingin CA on June 20, 2002
presented by MHM Business Services, Inc.
Section 125 Cafeteria Plan Executive Trainingin MO on July 18, 2002
presented by MHM Business Services, Inc.
Section 125 Cafeteria Plan Executive Trainingin PA on September 19, 2002
presented by MHM Business Services, Inc.
Section 125 Cafeteria Plan Executive Trainingin MO on November 14, 2002
presented by MHM Business Services, Inc.

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Copyright 2002 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.