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Retirement Plans
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June 4, 2004 - 13591 subscribers
Today's sponsor: Financial Research Associates, LLC

(Click on company name or banner to learn more.)

STARS & STRIPES ’04 Summit
The 2004 National Public Employees’ Retirement Funds Summit
July 18-20, 2004 * Disney’s Yacht & Beach Club, Orlando, FL
To register call 800-280-8440 or visit www.frallc.com
General Highlights:
* A Closed-Door/Private Public Fund Exchange
* Enhanced Asset Allocation & Diversification in Today’s Economy
* Effectively Valuing A Fund’s Liabilities
* Managing a Mature Fund Versus a New Plan
* Corporate Governance, Late Trading, & Market-Timing Scandals

(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Comments on EBSA's Automatic Rollover Proposed Regs Focus On Fee Limits
Excerpt: "Many respondents were critical of the requirement that fees related to the automatic rollover IRAs, other than fees incident to the establishment of the IRAs, be limited to the income earned from investments. The commenters understood the goal of the limit on the fees, which is preserving the principal for the participants. However, they believed that the income generated by the permitted conservative types of investments would be too low to cover the costs of maintaining the IRA." (CCH News & Information Library)

Proposed Fund Reforms Come Under Fire
Excerpt: "Of most concern to individual brokers is a February SEC request for comments regarding 12b-1 fees.... More than 700 brokers blasted the agency for suggesting that trail fees be eliminated." (On Wall Street)

Opinion: Pension Crisis in the States
Excerpt: "In the wake of numerous pension scandals and swindles since the 2000 market crash, it should come as no surprise that many U.S. state retirement plans are seriously under-funded. The breadth and depth of the refinancing efforts highlight speculative abuses and miscalculations by many pension fund managers in the 1990's boom years." (People's Weekly World)

Opinion: Don't Mess With 12b-1s!
Excerpt: "How can regulators and politicians consider banning 12b-1s? Because they don't understand what brokers do." (On Wall Street)

Newly Posted Events

"Getting It Right" – Compliance Assistance Seminar For Plan Fiduciaries
in Arizona on September 23, 2004
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

"Getting It Right" – Compliance Assistance Seminar For Plan Fiduciaries
in Florida on June 17, 2004
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

"Getting It Right" – Compliance Assistance Seminar For Plan Fiduciaries
in Ohio on July 29, 2004
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

"Getting It Right" – Compliance Assistance Seminar For Plan Fiduciaries
in Massachusetts on September 8, 2004
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Client Services Representative
for PAi
in NV, WI

Manager, RFP's
for Diversified Investment Advisors
in NY

Account Manager-Employee Benefit Plans
for Baker, Thomsen Associates
in CA

Plan Administrator
for Benetrends, Inc.
in CA

Flex Benefits Administrator
for BB&T/Stanley, Hunt, DuPree, & Rhine
in SC

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