May 18, 2004 - 13518 subscribers Today's sponsor: Actuarial Systems Corporation (Click on company name or banner to learn more.) ![]() ASC - QUALITY SOFTWARE FOR THE PENSION INDUSTRY FOR OVER 20 YEARS ASC provides complete automation for the pension office, including: DC/401(k) and DB administration and valuation systems, sophisticated Compliance Testing, DV Direct Daily Valuation, Advanced Information Manager Database (AIM), and Single-Step Processing. All ASC Technical Support Members were experienced Pension Administrators or Actuaries before joining ASC -- and most have been with ASC for over 10 years. (Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor) Administration Unveils Campaign On Employers' Retirement Plan Obligations Excerpt: "A new Labor Department campaign will attempt to educate employers and retirement plan sponsors about their legal obligations to employees and retirees. The campaign, called 'Getting it Right,' includes seminars scheduled next month in Florida, Ohio, Massachusetts and Arizona." (AP via Sioux City Journal) U.S. Secretary of Labor Elaine L. Chao Announces National Education Campaign for Retirement Plan Fiduciaries (U.S. Department of Labor, Office of Public Affairs, Washington, D.C.) Participate in Online Survey of Retirement Plan Trustees Excerpt: "Both the scope and the success of retirement plan investing-- especially shareholder activism-- seem to be expanding. But what is the average retirement plan trustee thinking about all this activity? To help answer that question, Villanova University's Center for Responsible Leadership & Governance is looking for insights from those responsible for pension plan investing, though an online survey. Respondents will have access to the survey's results." (Villanova University's Center for Responsible Leadership & Governance) Overview: DOL Announces Proposed Settlements in Enron Litigation Excerpt: "EBIA Comment: As the press release indicates, this is only a partial settlement of these lawsuits. The DOL lawsuit includes allegations that the defendants failed to consider the prudence of Enron stock as an appropriate investment for the plans and failed to take action to protect workers and retirees from extensive losses, and that the board of directors failed to properly appoint and monitor a trustee for the ESOP." (Employee Benefits Institute of America Inc. (EBIA)) Union Bank of Calif. buys CNA Trust Portfolio Excerpt: "Union Bank of California is the commercial banking subsidiary of UnionBanCal Corp. CNA Trust Co. is a provider of retirement plan trust and outsourcing services to the institutional marketplace. CNAT is a subsidiary of Chicago-based CNA Financial Corp." (UPI via Washington Times) Links to Items on Executive Comp, Benefits in General New Search Engine for BenefitsLink; Faster, More Comprehensive, More Options And it's about damned time. We're still improving this one; more features to come! Feedback appreciated at davebaker@benefitslink.com (BenefitsLink.com, Inc.) Newly Posted Events For Advisors: How PLANSPONSOR Can Help You Expand Your Business Nationwide on May 27, 2004 presented by PLANSPONSOR Form 5500 Preparation Workshop in District of Columbia on June 9, 2004 presented by International Society of CEBS - Capital Chapter PLANSPONSOR Pathfinder Demo Nationwide on May 25, 2004 presented by PLANSPONSOR Ten Tips for a Successful Search Nationwide on May 20, 2004 presented by PLANSPONSOR Update on Recent HSA Guidance Nationwide on June 3, 2004 presented by International Foundation of Employee Benefit Plans Newly Posted Press Releases Benefit Advisors Network Adds Dominion Benefits (Benefit Advisors Network) New Retirement Planning Software Update Addresses Long Term Care (Metrics Partners) American Express Retirement Services Debuts NEXTPlan (American Express Retirement Services) Newly Posted or Renewed Job Openings
Pension Administrators/Consultants for Pension International Dynamics, Inc. in NY Plan Document Consultant for Diversified Investment Advisors in NY Benefits Manager (Service Delivery Manager) for Towers Perrin in VA Actuarial Associate- Retirement for Towers Perrin in CT, DC, GA, MA, NJ, NY, PA Director of Retirement Plan Sales and Marketing for The Ganim Group, Inc. in CT Senior Benefits Consultant for Hewitt Associates in LOCATION OTHER THAN U.S. 401(k) Plan Administrator for Pension Services Network, Inc. in WI Director Financial Control, Output Services and Tax Reporting for ADP Retirement Services in NH Defined Benefit Client Account Manager for New York Life Investment Management LLC in MA Account Manager for Wall Street Access in NY Account Executive-San Mateo for Transamerica in CA Retirement Plan service associate for West Los Angeles in CA HR Benefit Services Manager for Safeco Life & Investments in WA Account Manager for Employee Benefits Consulting Brokerage Firm for Madison Benefits Group in TX Pension Administrator for PennRock Financial Advisors, N.A. in PA Health Benefit Analyst for Conrad Siegel Actuaries, The Employee Benefits Company in PA Regional Sales Director - Mid Atlantic Region & Pacific West Region for The Newport Group in CA, NC Retirement Plan Sales Consultant for Invesmart, Inc. in CT, MA, MD, ME, MI, NH, NY, OH, RI, VA, WI Handy Links:
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