November 19, 2002 - 8,019 subscribers Today's sponsor: Benefit Software Inc. (Click on company name or banner to learn more.) Personalized Employee Benefit Statements from Benefit Software The average employer pays 38% over employees' gross salaries in benefits. But studies show that most employees don't understand or appreciate employer paid benefits. Benefit Software has nearly 25 years of experience helping thousands of employers communicate their "Hidden Paycheck." Save money and improve morale by showing employees what they're worth. Email sales@bsiweb.com or call 800-533-1388 to request a FREE QUOTE. (Help BenefitsLink to provide this newsletter at no charge to you -- our sponsors pay your way. Remember to visit them periodically; we try to make sure their products and services will be of interest to you. Thanks! --Editor) White Paper from Health Insurance Association of America: the Benefits of Long-Term Care Insurance 20 pages. Excerpt: "The benefits of long-term care insurance are many and varied and reach beyond policyholders themselves to include family caregivers. Public programs benefit too, enjoying reduced expenditures on long-term care. Below we summarize the major advantages of long-term care insurance for policyholders, caregivers, and public programs. These findings are based on analyses of empirical data collected over the last five years." (Health Insurance Association of America) Available from HIAA: the Health Insurance Primer-- An Introduction to How Health Insurance Works The Health Insurance Association of America publishes a 187-page report entitled 'The Health Insurance Primer: An Introduction to How Health Insurance Works.' Available from HIAA for $50 (not affiliated with BenefitsLink). (Health Insurance Association of America) Available from HIAA: a Study of Employer Long-Term Care Insurance Plans The Health Insurance Association of America publishes a 39-page report entitled 'Who Buys Long-Term Care Insurance in the Workplace? A Study of Employer Long-Term Care Insurance Plans 2000-2001.' Available from HIAA for $55 (not affiliated with BenefitsLink). (Health Insurance Association of America) Links to Items on Executive Comp, Benefits in General Year-End Checkup for Benefit Plans 8 pages; Nov. 18, 2002. Excerpt: "This Alert will help identify year-end administrative and planning issues that could lead to compliance or employee relations problems if not addressed before or fairly early in 2003. In addition, we have included reminders about recent developments affecting benefit plans or participants." (Aon Consulting) When To Hire An ERISA/Employee Benefits Attorney Excerpt: "[Q]ualified retirement plan issues which companies should consider involving an experienced ERISA attorney are: Merging an existing Money Purchase Plan with an existing 401(k) Plan or Profit Sharing Plan ...; EGTRRA Compliance and Planning; Determining Fiduciary Liability Issues; Sarbanes-Oxley Act planning for blackout periods, company stock and audit oversight; Providing Investment Advice to Participants; 401(k) Plan Fees; and Withdrawal liability from multi-employer pension plans." (Attorney Jeff Robertson of Bullivant Houser Bailey, P.C., published by 401kHelpCenter.com) Industry Executive Jim Smith of SunGard Corbel Dies at 53 Very sad news. Excerpt: "Jim's affable personality, tied with a very strong sense of customer service, made him a favorite with his co-workers, employees and clients alike. His passing leaves an emptiness in all of us that will not soon be replaced." (SunGard Corbel) FASB Invitation to Comment Explains Differences Between IASB Proposal and Current FASB Statement Press release. Excerpt: "[The] Invitation to Comment explains the similarities of and differences between the proposed guidance on accounting for stock-based compensation included in the International Accounting Standards Board's (IASB's) recently issued exposure draft and the accounting for stock-based compensation under FASB Statement 123.... A copy of the document is available on the FASB's website." (Financial Accounting Standards Board) FASB Seeks Comments on Proposal to Expense Stock Options Excerpt: "The Financial Accounting Standards Board is asking for comment on an International Accounting Standards Board proposal issued earlier this month to make companies expense stock options, as it decides whether it should follow suit and require the same of U.S. companies." (Reuters via Forbes.com) Newly Posted or Renewed Job Openings Pension Plan Administrator for Elliott Davis, LLC in SC Defined Benefit, New Business Consultant for NYLIM Retirement Plan Services LLC in MA Benefits Financial Manager for Zurich North America in IL Newly Posted Webcasts (Post Yours!) iSeminar for Plan Sponsors - Understanding & Managing your Fiduciary Responsibility on November 20, 2002 presented by Caterpillar Investment Management Ltd. Employers Blaze New Trails With Consumer-Driven Health Care on November 13, 2002 presented by Hewitt Associates Newly Posted Press Releases (Post Yours!) Benefit Software Inc. Releases Version 6.12 of Fringe Facts® Communicator (Benefit Software Inc.) Successful Strategic Alliance Prompts Launch of Vinings Mellon Nonqualified Benefit Plans and Taxable Trusts Venture (Vinings Mellon, LLC.) Alexander Hamilton Institute Releases New Free Report: Whistleblowing: A New Perspective On An Old Issue (Alexander Hamilton Institute) Handy Links:
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. Housekeeping: |