Retirement Plans Newsletter |
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| September 30, 2009 \ Compliance \ Costs \ Administration \ Design \ Policy | ||
DATAIR Employee Benefit Systems, Inc. (Advert.)
DATAIR’s DB Valuation System DB Administration, Discrimination Testing and Proposal software with Multiple Plan and Cash Balance Plan handling. PPA’06 Pension Funding. * Funding Target and Target Normal Cost with 3-rate segments * 404(o) Cushion; 430 minimum and 404(o) maximum contributions * Funding Target Attainment Percentages (FTAPs) Schedule SB reports and links to our 5500/PBGC System, and our FAS 158 and Termination Calculation reporting systems. sales@datair.com or call 1-888-328-2474 |
[Guidance Overview]
Another Question is Answered in the 401(k) Plans Q&A Column
What is the source of the age "59 1/2" in the Code Section 401(k) distribution restrictions? Do you know why they did not use an even number? (BenefitsLink.com)
Making Your Retirement Nest Egg Last a Lifetime
Excerpt: "One straightforward solution to the drawdown challenge is an immediate annuity, which turns a lump sum of income into a lifelong payment stream. However, for various reasons, such annuities have not proven broadly popular. Therefore, this brief examines several alternatives. All such strategies involve a trade-off between maximizing consumption and minimizing the risk of running out of money. Calculating the optimal strategy is really hard - maybe impossible. But, despite the complexity of the problem, some strategies are clearly superior to others... " (Center for Retirement Research at Boston College)
Retirement Policy: What to Watch in Washington
Excerpt: "How could the Obama Administration and Congress change the way you save for your golden years? Here's a look." (BusinessWeek)
[Opinion]
Joint Testimony of PSCA and Others Before the Committee on Ways and Means Hearing on Investment Advice and DB Plan Funding Levels (PDF)
12 pages; October 1, 2009. (Profit Sharing/401k Council of America)
ASPPA (Advert.)
Attention all Retirement Plan Professionals! The 2009 ASPPA Annual Conference (November 1 – 4) is bigger and better than ever. Join 1,600 of your peers at the exquisite Gaylord National Resort and Conference Center on the historic Potomac River. Take advantage of over 60 interactive workshops presented by nationally renowned experts and top practitioners from all facets of the retirement plan industry, including representatives from the IRS and DOL. Advance your knowledge. Enhance your credibility. Expand your network of like-minded professionals! This is the industry’s top venue for all retirement plan professionals - - with up to 24 hours of ASPPA CE credit, ERPA CPE credit and core/non-core JBEA credit hours for Enrolled Actuaries, including professionalism credits. In this rapidly changing environment, it’s never been more important to attend. Register today and stay at the top of your game! |
Links to Items on Executive Comp, Benefits in General
National Compensation Survey: Employee Benefits in the United States, March 2009Includes updated (March 2009) tables on Retirement benefits; Health care benefits; Life, short-term, and long-term disability insurance benefits; Holiday, vacation, sick, and other leave benefits; Other benefits. (Bureau of Labor Statistics, U.S. Department of Labor)
Changes in Change-in-Control Practices (PDF)
12 pages. Excerpt: "Our research found that the largest corporations in the United States have begun to restrict their change-in-control arrangements in response to corporate governance reform pressures from shareholder activist groups. The most significant changes made by companies over the past three years were: 11% eliminated the excise tax gross-up altogether and 8% moved from a full gross-up to a modified gross-up; 9% moved from single-trigger vesting to double-trigger vesting of their equity awards; 8% raised the acquisition threshold percentage, typically to 30%; and 7% reduced the severance multiples for the CEO and other proxy officers, typically from 3X to 2X." (Frederick W. Cook & Co., Inc.)
Webcasts and Conferences
Practical Tips for Plan Correctionsin California on October 20, 2009
presented by Western Pension & Benefits Conference, San Diego Chapter
Wellness Programs Checkup: A Clean Bill of Health for 2010
Nationwide on October 29, 2009
presented by EBIA / Thomson Reuters
(Click to post your webcast or conference)
Press Releases
Hewitt Associates’ Data Reveals U.S. Health Care Cost Increases to Remain Stable for Third Consecutive YearHewitt Associates LLC
PBGC Protects Wadley Regional Medical Center Pension Plan
Pension Benefit Guaranty Corporation (PBGC)
U.S. Labor Department Obtains Judgment With NFL Player And His Company, Restoring More Than $400,000 In Pension Assets
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Virginia’s Largest School District Appoints Great-West Retirement Services As A Provider For Its 403(b) Plan
Great-West Retirement Services
Nationwide Financial Selects Arvia to Lead Retirement Plans Business
Nationwide Financial
Employers and Employees Take Wait-and-See Approach to Retirement, Says Aon Consulting
Aon Consulting
Only 27% of Multiemployer Defined Benefit Plans Certify Their Funding Status As Safe
International Foundation of Employee Benefit Plans
New Book: Automatic: Changing the Way America Saves
Brookings Institution
Bank of America Names Sieg to Head of Retirement Group
Bank of America
Alliance Benefit Group Carolinas, LLC Unveils Revamped Website
Alliance Benefit Group Carolinas, LLC
Consumer Watchdog Tells Blue Dog Democrats Not To Be Insurance Company Lapdogs
Consumer Watchdog
Boston College Launches New Center for Financial Literacy
Boston College
(Click to post your press release)
Employee Benefits Jobs
Associate Attorneyfor Findley Davies, Inc.
in OH
Senior Manager – Retirement Plan Services
for Well-Established Employee Benefits Consulting Firm
in PA
Group LTC Regional Sales Director
for Prudential Financial
in ANY STATE
ERISA/Pension Investment Lawyer
for Small Washington, DC plaintiff’s class action firm
in DC
Valuations Specialist
for Rapidly Expanding Third Party Administration Firm
in CA
Director of Sponsor Marketing
for Financial Engines
in MA
(Click to post your job opening | View all jobs |
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EmployeeBenefitsJobs.com (Sponsor)
(Click on banner to learn more.)
| Where the best employers find the best candidates! |
Handy Links:
- View Today's Active Message Threads
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
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