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August 26, 2005
Today's sponsor: DATAIR Employee Benefit Systems, Inc.

(Click on company name or banner to learn more.)
Banner ad for DATAIR Employee Benefit Systems, Inc.

Software for 401(k), DB and Flexible Benefits

DATAIR's IMPROVED BENEFIT ADMINISTRATION SOFTWARE for 401(k), Defined Benefit and Cafeteria/Flex plans. Designed for administrators and consultants. System modules include:
  • 5500s
  • Proposals
  • Administration
  • Plan Documents
  • Client & Task Manager
Training and support included. For free demo versions and pricing, contact sales@datair.com or call 1-888-328-2474.

(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)

Text of Proposed Regulations on Deduction of Dividends Under Section 404(k) (PDF)
Excerpt: "The regulations provide guidance concerning which corporation is entitled to the deduction for applicable dividends under section 404(k). These regulations also clarify that a payment in redemption of employer securities held by an ESOP is not deductible." (Internal Revenue Service)

Fiduciary Issues Involving Mutual Fund Investments (PDF)
33 pages. (David R. Levin of Gardner Carton & Douglas (moderator; PowerPoint slides))

San Diego Officials Could Lose Thousands If Benefits Judged Illegal
Excerpt: "Former Mayor Dick Murphy and two ex-councilmen who were convicted of corruption have registered as retirees with the city's embattled pension system and will draw upgraded benefits from the retirement plan at the heart of San Diego's legal and political troubles." (Voice of San Diego)

Overview: IRS Final Regulations on Eliminating Certain Forms of Distribution (PDF)
4 pages. (Kirkpatrick & Lockhart Nicholson Graham LLP)


Links to Items on Executive Comp, Benefits in General

Employee Benefits for Same-Sex Married Spouses and Domestic Partners (PDF)
21 pages. (Hogan & Hartson L.L.P. via Section on Labor and Employment Law, American Bar Association)

Primer on Bankrup.tcy Issues in Labor Law and Employee Benefits (PDF)
20 pages. (Babette Ceccotti of Cohen, Weiss and Simon LLP via Section of Labor and Employment Law, American Bar Association)

A Microhistory of Employee Benefits and Compensation 1794-2005
Excerpt: "Beginning with the first profit sharing plan in 1794, through the corporate scandals that filled the headlines as the 21st century dawned, Hewitt's report highlights events and legislation that influenced the growth and quality of employee benefit plans and compensation practices in the United States over the past 200-plus years." (Hewitt)

Pension Rights Center Proposes Improvements to ERISA Reporting and Disclosure Requirements (PDF)
18 pages. Excerpt: "[T]he continuing stream of pleas for assistance from countless participants over the years make it clear that the [reporting and disclosure] system remains imperfect, and that there are a number of ways in which ERISA's reporting and disclosure requirements might be improved to ensure that every participant and beneficiary understands and can verify the full value of the benefits they have earned." (Pension Rights Center)


Newly Posted Events

Benefits Cost Management - Solutions Both HR & Financial Executives Should Consider
Nationwide on September 13, 2005
presented by UltraLink


Newly Posted Press Releases

Treasury and IRS Issue Proposed Regulations Relating to Deductibility of Dividends Paid on Employer Securities Held by an ESOP
(U.S. Treasury Department and Internal Revenue Service)

Treasury and IRS Issue Proposed Regulations Concerning Health Savings Account Comparability Rules
(U.S. Treasury Department and Internal Revenue Service)

Travis Software Releases WebCOBRA.com's August '05 Release
(Travis Software Corp.)

Cowden Advisers, Inc. Introduced to Provide Investment Advice to 401(k) Plans and Participants
(Cowden Associates, Inc.)


Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Manager, Client Services
for BISYS Retirement Services
in PA

Retirement Plan Specialist
for American Funds, A part of the Capital Group Companies, Inc
in TX

Employee Benefits Paralegal
for Seyfarth Shaw LLP
in IL

Pension Administrator
for Kropkof, Kingsley & Associates, Inc.
in NV

Retirement Plan Administrator
for Noble Consulting Services, Inc.
in OH

Benefits Specialist
for CitiStreet
in FL

Manager- Product Management
for Wachovia
in NC

Retirement Plan Administrator
for Raley's
in CA

401(k) Part Time or Per Diem Enroller & Investment Education Representative
for Southern California Company
in CA

Manager - Product Management
for Wachovia
in NC

Financial Advisor/Producer
for ALCOS
in MI

Implementation Project Manager
for Fidelity Investments
in TX




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Copyright 2005 BenefitsLink.com, Inc.; except that you may reprint this newsletter in full (including this sentence) without obtaining our permission.

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Editor and Publisher: David Rhett Baker, J.D.

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