January 29, 2003 - 12,861 subscribers Today's sponsor: BeneCom Associates, LLC (Click on company name or banner to learn more.) ![]() BeneCom Associates, LLC, for one-stop benefit communications Since 1992, BeneCom has produced benefit communications, including enrollment materials, SPDs, benefit statements, newsletters and more, for companies large and small, nationwide. So if you've been looking for an independent benefit communications specialist, look no further. Click above for more information, or give us a call at (860) 674-2626, Ext. 11, or (770) 461-5559. We're here to help. (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) Opinion: Lockout Notice Regs-- Tough Talk, Soft Walk from Administration Excerpt: "The hype: President Bush announced ... 'tough new rules' his administration is taking 'to help strengthen the retirement security of America's workers.' The reality: Bush simply told the Labor Department to implement a relatively insignificant rule ordered by Congress in the Sarbanes/Oxley bill." (San Francisco Chronicle) Another Question is Answered in the Who's the Employer Q&A Column Employer A is a partnership with 4 S corporations as its partners. Each S corporation is owned by a single individual. The S corporations render professional services only to the partnership. The partnership has employees and sponsors a deferrals-only 401(k) plan. Can each S corporation sponsor its own SEP arrangement for the benefit of its sole shareholder? Are these affiliated businesses? (BenefitsLink.com) Traffic Fines Might Hike Officers' Benefits in Utah Excerpt: "Police officers could finance their future by issuing traffic tickets under a proposal on [Utah's] Capitol Hill that would have a portion of traffic fines go toward their retirement benefits. And the Utah senator pushing the proposal doesn't see the conflict." (The [Salt Lake City] Deseret News via Society for Human Resource Management) US Airways Pilots Resist Pension Cuts Excerpt: "The head of US Airways' pilots union criticized the airline yesterday for singling out the pilots' pension fund for possible termination and said the carrier should instead look to cut costs in other employees' pension funds." (Washington Post) Links to Items on Executive Comp, Benefits in General Commentary: Filings Show CEOs Got Raises as Returns Fell Excerpt: "Faced with dismal 2002 returns, as well as the foul smell that soaring executive pay left in the noses of shareholders last year, you would think chief executive officers would have cleaned up their compensation acts. A review I did of 2001-2002 pay changes for 31 CEOs filing early proxy statements with the U.S. Securities and Exchange Commission shows otherwise." (Graef Crystal on Bloomberg.com) Cutbacks in Stock Options Might Favor Executives Excerpt: "Fewer options should mean fewer reasons to manipulate earnings for personal gain, or so the logic goes. Trouble is, compensation consultants say all that's really happening is that fewer options are being given to average workers. Executives are largely unaffected, which creates a disproportion that not only does little to remove temptation at the top but can be bad for business in general." (AP via New York Times; one-time registration required) Newly Posted or Renewed Job Openings
Pension Administrators for Polycomp Administrative Services, Inc. in CA 401(k) Enrollers/Independent Contractors for Diversified Investment Advisors in ALL STATES 401k Pension Administrator for Penservco, Inc. in FL Defined Benefit Implementation Analysts for Constantin Control Associates in NJ Enrolled Actuary for Invesmart in MA ERISA Counsel for American Express in MN Sales Associate - Health and Welfare Administration for National Employee Benefits Outsourcing Vendor in CA, GA, MO, OH Bi-lingual Contract Enroller for Professional Benefit Services in IN Newly Posted Webcasts (Post Yours!) IRS/ASPA Washington Update on March 27, 2003 presented by ASPA & IRS Changes Ahead: The Private Insurance Market and Employer-Provided Coverage on January 24, 2003 presented by Families USA Bill Clinton's Perspective on Healthcare on January 23, 2003 presented by Families USA 2003: The Year Ahead in Health on the Hill on January 28, 2003 presented by KaiserNetwork.org The Imperative of Universal Health Coverage on January 23, 2003 presented by Families USA Newly Posted Conferences (Post Yours!) The U.S. Employers Summit on Reducing Healthcare Costs in DC March 26, 2003 IBF Conferences, Inc. Form 5500 Update Program (1/2 day only) in CO, MS, TN March 20, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in AZ, CA, LA March 27, 2003 SunGard Corbel 7th Annual Compensation & Benefits Forum in April 12, 2003 Institute for International Research Form 5500 Update Program (1/2 day only) in CA, WA April 3, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in DC, GA, MO, OH April 24, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in PA April 30, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in MA, NE, TX May 1, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in IA, NY May 7, 2003 SunGard Corbel Form 5500 Update Program (1/2 day only) in MO, TX, WI May 8, 2003 SunGard Corbel Handy Links:
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