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| April 30, 2007 |
Sponsored by: ASPPA and WP&BC
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| The Western Benefits Conference - July 22-25, 2007 |
| Benefits by the Bay, the best of two in one! Jointly sponsored by WP&BC and ASPPA, this conference has been designed with all retirement professionals in mind. Seven industry specific targeted learning tracks, the latest market trends, compliance issues and networking opportunities await. Get early bird registration discounts and learn more at www.asppa.org/wbc or www.westernpension.org |
Federal Register Version: Final IRS Regs on Designated Roth Accounts Under Section 402A (PDF)
14 pages. Excerpt: "This document contains final regulations under sections 401(k), 402(g), 402A, and 408A of the Internal Revenue Code (Code) relating to designated Roth accounts. These final regulations provide guidance concerning the taxation of distributions from designated Roth accounts under qualified cash or deferred arrangements under section 401(k)." (Internal Revenue Service)
Survey on Adoption of Roth 401(k)s (PDF)
16 pages. Excerpt: "During 2006, the first year it became available, the Roth 401(k) was adopted by 14% of Vanguard® plans, and 5% of participants within these plans elected the option. Early Roth adopters included new plan enrollees, high savers, Web-registered participants, and high-income households." (Vanguard Center for Retirement Research)
Opinion: 10 Steps to Reforming Baby-Boomer Retirement
Excerpt: "As 77 million members of the baby-boom generation begin to retire, America is about to experience one of the most wrenching demographic changes in its history. The institutions we have relied upon in the past are completely unprepared for what lies ahead. . . . [T]he instruments we have created to help individuals save for their own retirement, principally through 401(k) accounts, are also not working well." (National Center for Policy Analysis via Kiplinger Business Resource Center)
Article for School Officials: Ignore Your District's Retirement Plans at Your Peril (PDF)
4 pages. Good overview. Excerpt: "To fulfill their [fiduciary] responsibilities [under general trust principles], school officials must know about their fiduciary responsibilities, the fees and costs associated with the plan, the potential for fraud, and the expectations of their workforce and the products and services available in the marketplace. . . . The following is a list of steps for a prudent process for selecting a provider for a district savings plan . . . " (Fred Reish of Reish Luftman Reicher & Cohen)
Funding Improvement and Rehabilitation Plans Under the PPA
Excerpt: "In this article, the authors review various funding rules introduced by the Pension Protection Act (PPA) of 2006 that are applicable to multiemployer pension plans. The article focuses on the requirement that a financially troubled plan, a plan designated as having yellow, orange or red status rather than green, implement a funding improvement plan or a rehabilitation plan to improve the pension plan's funding status." (Benefits & Compensation Digest)
Text of PBGC Semi-Annual Regulatory Agenda (PDF)
6 pages. (Pension Benefit Guaranty Corporation)
Text of Jan. 2007 Vanguard Survey on Recent Retirees' Retirement Patterns
28 pages. Excerpt: "Based on work histories of Americans age 55 to 69, six patterns have emerged regarding the transition from work to retirement: Early Retirees, Still Working, Work and Play, Returnees, Spouse's Retirement, and Never Retire." (Vanguard Center for Retirement Research)
Series of Articles by Experts Directed to Young People Saving for Retirement
Excerpt: "I know, you have all the excuses for not doing this yourself. You're paying off college loans, trying to make a career, trying to work out a relationship (or just get a date). But these are people in the same situation, and they have actually internalized the advice they're always getting: Money saved early is worth more than money saved later. Compound interest works miracles." (Washington Post; free registration required)
The 10 Most Common Retirement Asset Problems for Divorce Attorneys
Excerpt: "This list is not all-inclusive but targets what we see as the most common things that attorneys either do or fail to do when dealing with pension or defined contribution plans in divorce cases." (LawDATA, Inc.)
Overview: Bill Would Require Employers to Offer IRA Direct Deposits
Excerpt: "Under the legislation, [employers that don't offer a 401(k) or any other retirement plan] with more than 10 workers must give employees the opportunity to make payroll deductions into an individual retirement account. It's called an automatic IRA. The automatic IRA could be the extra push that many moderate-income workers need to save on their own." (Los Angeles Times; free registration required)
Sponsored by: RELIUS® Education – Seminars and Conferences for Retirement Plan Professionals
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| Estate Planning Considerations for Qualified Plans and IRAs |
| Estate planning professionals, what should your clients do with their retirement plan assets? Attend this program to learn the rules that will help your clients understand the answers to important questions on topics such as required minimum distributions after death, Roth advantages, trusts as beneficiaries, creditor protection, new nonspouse rollover rules, marital planning issues, and more. Limited cities and dates in June only. Register now. |
| (Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor) |
Links to Items on Executive Comp, Benefits in General
Text of ABA Tax Section's Comments on 409A Issues re Timing of Income Reporting and Withholding (PDF)
26 pages; submitted April 25, 2007. Excerpt: "The following Comments pertain to Internal Revenue Service Notices 2005-1, 2005-94, and 2006-100 and Regulations sections 1.409A-1 through -6, addressing the application of section 409A of the Internal Revenue Code 1986 . . . to nonqualified deferred compensation plans." (Section of Taxation, American Bar Association)
Newly Posted Press Releases
Defined Contribution Plan Sponsors Should Take Steps Now to Address Plan Fees and Disclosures
Mercer Human Resource Consulting
ftwilliam.com Announces the Release of a Plan Highlights Document
ftwilliam.com
BenefitsCheckUp.Org Can Help Seniors Enjoy a Healthier Future
National Council on Aging (NCOA)
Newly Posted or Renewed Job Openings
(Post a Job | View All Jobs)
Retirement Marketing Professionals
for The Douglas Group
in NJ, NY
Director, Customer Service
for MassMutual Financial Group
in MA
Retirement & Saving Plan Manager
for Wal-Mart Stores, Inc.
in AR
Benefits Analyst
for Milliman, Inc
in WA
Account Manager
for Cammack LaRhette Consulting
in MA
Senior Investment Analyst - Defined Contributions
for Ennis Knupp & Associates
in IL
Director, Retirement Financial Services
for ABD Insurance and Financial Services
in CA
Handy Links:
- View Today's Active Message Threads
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
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