| BenefitsLink Retirement Plans Newsletter |   |
June 23, 2003 - 13,246 subscribers
Today's sponsor: Thompson Publishing Group, Inc.
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"DOL’s Proposed FLSA Exemption Regulations Changes" audio conference 6/25/03 * 2:00 p.m. ET Are you ready for lengthy personnel audits? Ready to reevaluate wage and hour decisions? Ready to rethink current payroll systems? Have you started considering how your compensation practices, personnel policies and employee manuals should be changed if/when the proposed regulations become final? Two leading employment law/FLSA experts, Daniel B. Abrahams, Esq., and Shlomo D. Katz, Esq., will answer these important questions and more during this repeat performance due to popular demand!
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Pension Reserve: What's Enough?
Excerpt: "Accounting is a dismal science, pension accounting even more so. But it is increasingly important to penetrate the fog today, when companies are using complex and sometimes hidden tactics to change the way they pay for their pension plans. For the roughly one in five workers in the private sector whose employers have established pension plans, those changes could significantly affect the way they live in retirement." (New York Times; one-time registration required)
Another Question is Answered in the Who's the Employer Q&A Column
In a brother/sister organization, does effective control have any relevance if the company is not a controlled group? (BenefitsLink.com)
Rev. Rul. 2003-62: Funds Paid from Qualified Plan Are Income, Even if Used to Pay Health Expenses
Excerpt: "Issue: Whether amounts distributed from a qualified retirement plan that the distributee elects to have applied to pay health insurance premiums under a cafeteria plan are includible in the distributee's gross income under § 402(a) of the Internal Revenue Code, and whether the same conclusion applies if amounts distributed from the qualified retirement plan are applied directly to reimburse medical care expenses incurred by a participant in the qualified retirement plan." (Internal Revenue Service)
Opinion: Mutual Funds Need to Disclose Ravages of Soft Dollars
Excerpt: "If only mutual fund expenses were as transparent as home-mortgage expenses. You would know exact dollar amounts on how much funds were spending -- or overspending -- on trading costs and services paid for with 'soft dollars' that come out of your pocket in the form of higher fund-trading commissions. Such disclosure, however, doesn't exist in the fund business as it does in the mortgage industry." (John Wasik on Bloomberg.com)
Newly Posted or Renewed Job Openings
Group Health Insurance Sales/Account Management
for Great West Life & Annuity
in GA, OH, PA, TX, WA
Pension Sales Design Specialist
for American National Insurance Company
in TX
Qualified Plan Administrator
for High End Small Plan TPA
in FL
Senior Benefits Administrator - DC Project Coordinator
for Milliman USA - Seattle
in WA
Newly Posted Press Releases
(Post Yours!)
Financial Executives International to Host ERISA Fiduciary Liability Webcast - "How to Protect Yourself and Your Board from ERISA Liability and Litigation in the Post-Enron World"
(Independent Retirement Plan Services, LLC)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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