| The BenefitsLink Newsletter - Retirement Plans Edition |   |
August 13, 2002 - 11,391 subscribers
Today's sponsor: APSCREEN, Employee Locator
(Click on company name or banner to learn more.)
Benefit Administrators & HR Managers Easily Locate Lost Plan Participants In business since 1980, APSCREEN is a full-service, highly respected Consumer Reporting Agency. We quickly locate current addresses, name changes, and living/deceased status for your lost plan participants and/or past employees. Easily meet IRS/GATT/ERISA compliance regulations for $10 per name within 24 hours and pay no sign up fees or minimums. "APSCREEN's employee locator service makes our lives so much easier, our industry desperately needs this service!" --Judy Simons, TRI-AD, Escondido, CA
(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)
Officials of 14 States Pledge Protection of Pension Assets
Excerpt: "Treasurers and other state officials with influence over more than $1 trillion of public pension assets said yesterday that they would work together to foster integrity in corporate America in the wake of the scandals that have cost these pension plans tens of billions of dollars." (New York Times; free registration required)
CFO.com Survey of 401(k) Recordkeeping Companies
Under the '401(K) VENDORS: INVESTMENT AND RECORDKEEPING' heading, click on the '401(k) Providers: Recordkeeping Companies' link. Excerpt: "Why go to the trouble of finding a brand-new partner when you're only unhappy with one aspect of your current provider's service? With an unbundled approach, if your record-keeper is doing a good job, you keep it. If your investment manager is subpar, shopping around for just that service is relatively easy." (CFO.com)
CFO.com Survey of Investment-Only 401(k) Service-Providers
Under the '401(K) VENDORS: INVESTMENT AND RECORDKEEPING' heading, click on the '401(k) Providers: Investment-Only Companies' link. Excerpt: "Why go to the trouble of finding a brand-new partner when you're only unhappy with one aspect of your current provider's service? With an unbundled approach, if your record-keeper is doing a good job, you keep it. If your investment manager is subpar, shopping around for just that service is relatively easy." (CFO.com)
CFO.com Survey of Bundled 401(k) Service-Providers
Under the '401(K) VENDOR LIST (FULL-SERVICE PROVIDERS)' heading, click on the '401(k) Providers' link. Excerpt: "[In] our annual 401(k) Buyer's Guide ... we've defined new standards for inclusion: all companies now meet clearly delineated standards in terms of how long they've been in business, the presence they have in various market segments, and the degree to which current clients use various services.' The guide does not seem to explain what those standards were, however. (CFO.com)
Oregon Public Employees Retirement System Contemplates Updating Life Expectancy Tables
Excerpt: "The [Public Employees Retirement System] board has put off dealing with the tables for years, unwilling to do anything that might reduce retirement benefits for public employees. Meanwhile, the board has ignored repeated warnings from its actuary that its use of 1978 tables costs millions of dollars." (The Oregonian)
Many Strike Out In Comprehending Rules For Converting IRAs
Excerpt: "Judging from questions we received after last week's Your Money column, figuring out how to convert a traditional individual retirement account to a Roth IRA, or reverse a Roth conversion, has lots of folks befuddled." (USA Today)
Top Roth IRA Questions
Excerpt: "Although the Roth IRA has been with us for more than a few years now, we still get plenty of questions about how it works, who qualifies, contributions, distributions, and the like. It can get confusing. We thought we'd lend a helping hand by answering the most commonly asked questions regarding the Roth IRA." (The Motley Fool)
Bush's Privatization Plan For Social Security Loses Favor
Excerpt: "Amid sharp attacks by the Democratic Party, several GOP incumbents and challengers are coming out against Bush's plan for partial privatization ... Fueling the shift is the stock market's recent plunge, which has reminded voters of the risks of investing in stocks, rather than in other financial instruments that guarantee safe but modest returns." (Washington Post)
Links to Items on Executive Comp, Benefits in General
(These items appear in both editions of the BenefitsLink Newsletter)
Opinion: Expensing Stock Options Might Mean New, More Effective Pay Options
Excerpt: "CEOs may find there is a more important advantage to charging earnings for options. By creating a level playing field of pay for the first time, new choices in compensation plans emerge that may prove far more efficient and motivational." (Graef Crystal on Bloomberg.com)
Newly Posted or Renewed Job Openings -
| Compliance Specialist | for Mellon HR Solutions in MA, NJ, NY |
| Trust Accounting Administrator | for Associated Pension Consultants-TPA Firm in CA |
| Defined Contribution Program Manager | for New York Life Benefit Services in MA |
| 401(K) Recordkeeping Manager | for National Rural Electric Cooperative Association in VA |
| Premium Only Plan Implementation Specialist | for ADP, Inc. in NJ |
| Enroller/Contractor | for Professional Benefit Services in ALL STATES |
| Actuary | for Invesmart, Inc. in WA |
Newly Posted Press Releases
| How One 401k Vendor Improved Their Ability to Calculate, Track, Optimize and Reconcile Fees and Commissions (Bonaire Software Solutions) |
Newly Posted Announcements of Promotions and New Personnel (Post Yours!)
| Rodney Pace (Pension Resource Group) |
Subscribe to the Welfare Plans Edition, too (click)
Feel free to send this email to friends, colleagues or clients, if you copy or forward this email in its entirety (including this boilerplate part). Copyright 2002 BenefitsLink.com, Inc.
Published by:
BenefitsLink.com, Inc.
https://benefitslink.com/about.html
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151
Editor and Publisher: David Rhett Baker, J.D.
- How to Sponsor an Issue: reach 11,391 benefits professionals!
- How to Subscribe
- How to Unsubscribe
- Privacy Policy
- Archive of Prior Issues