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The BenefitsLink Newsletter -
Retirement Plans Edition
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August 16, 2002 - 11,391 subscribers
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Investment Voyage: Your Money's Journey into Your 401(k)
Excerpt: "The movie 'Fantastic Voyage' was on TV the other day, and watching the miniature submarine travel through Jan Benes' body got me thinking about what happens inside a 401(k) plan. Many participants may wonder where exactly their money goes between the time it's deducted from their paychecks and the time it appears in their 401(k) account.... We'll give you a guided tour of what happens to your money. You won't have to be shrunk to take this tour ..." (mPower.com)

Another Question is Answered in the 401(k) Plans Q&A Column
What are the blackout period requirements for plan administrators under the 2002 Sarbanes-Oxley Act? (BenefitsLink.com)

Another Question is Answered in the Distributions: Taxation and Planning Q&A Column
Under EGTRRA, after-tax amounts can be rolled over from plans to other plans and to IRAs. How does this affect the treatment of basis in distributions that are partly in cash and partly by rollover? For example, if a participant takes a distribution partly in cash and partly by rollover, can the participant direct that all, none or some portion of the after-tax amounts be distributed in cash or rolled over? (BenefitsLink.com)

Deciding Between a Roth and Traditional IRA
Excerpt: "The Roth IRA and its older sibling, the traditional IRA, are two tax-advantaged retirement savings accounts available to all workers with earned income (and their spouses). The way to choose between the two IRAs is to do some number crunching based on the following information: your tax bracket today and your expected tax bracket in retirement, your age, and your income." (mPower.com)

Links to Items on Executive Comp, Benefits in General
(These items appear in both editions of the BenefitsLink Newsletter)

Effective Dates For Non-Blackout Provisions of Sarbanes-Oxley Act
Excerpt: "The blackout requirements are effective January 26, 2003.... [but the Sarbanes-Oxley Act] contains many other provisions that become effective earlier. For example, some of the new SEC certification rules for CEOs and CFOs of publicly-held companies are effective immediately, and some others will be effective no later than August 29, 2002. Similarly, a new ban on personal loans by public companies to executive officers and directors is effective now." (EBIA Weekly)

Opinion: Three Cheers for Andy Grove for Intel's Decision to Refuse Expensing Stock Options
Excerpt: "The options issue threatens not only to slow recovery down, but, far more important, to rein in the kind of vibrant entrepreneurial innovation so essential to U.S. prosperity. The harder it is for innovations to make their way to the marketplace, the worse the economy will perform. It's a simple equation." (SmartMoney.com via Yahoo! Finance)

Opinion: By Not Expensing Stock Options Now, High-Tech Firms Are Just Prolonging the Pain
Excerpt: "The tech sector's head-in-the-sand reaction to the need to reform stock-option accounting practices is surprising for an industry that likes to pride itself on its supposed ability to respond rapidly and effectively to changing business conditions. Clearly, that's not happening this time around." (The San Francisco Chronicle)

Newly Posted or Renewed Job Openings - Post a Help Wanted Ad
Senior Defined Benefit Analyst for Towers Perrin
in MA
Senior 401(k) Administrator for The Pension Group, Inc.
in CA
Installation Conversion Consulant Project Leader for Wachovia Corporation
in NC
Director - Benefits for H&R Block
in MO
Regional Sales Representative - Qualified Retirement Plan for Metavante 401(k) Services
in DC, FL, GA, LA, MD, MI, NC, ND, NJ, NY, OH, PA, TN, TX, VA
Qualified Plan Administrator for Lane Gorman Trubitt, L.L.P.
in TX
Employee Benefits Attorney for Kane and Koltun, Attorneys at Law
in FL
Actuary -- Senior Pension Actuary for Pacific Coast Actuaries, Inc.
Actuarial Student for Transamerica
in CA

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Editor and Publisher: David Rhett Baker, J.D.