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Retirement Plans Newsletter

June 29, 2010

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We usually answer support questions within an hour (often within minutes), and provide free training via webinar to help you get started quickly. Conversion is a snap because we can load all of your plans on our system in about an hour with Batch 55Autofill.

Contact sales@ftwilliam.com or call 800.596.0714 and find out how we will make your life easier!

Sponsored by www.ftwilliam.com

President Obama Signs Pension Funding Relief into Law
Excerpt: "The Act gives plan sponsors additional time to amortize pension funding shortfalls, which, before the Act, had to be amortized over seven years."
(Ballard Spahr LLP)

Pension Funding Relief Enacted (PDF)
Excerpt: "The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (the 2010 Relief Act) contains provisions designed to ease the cash contribution burden for many single employer and multiemployer sponsors."
(Buck Consultants)

Legislation Provides Relief for Pension Funding and Benefit Restrictions (PDF)
2 pages. Excerpt: "This brief description summarizes the cash flow rule; however there are many complexities involved in understanding, evaluating and administering it. For some plan sponsors it could result in substantial and unplanned contributions and thus should be evaluated carefully before funding relief is elected."
(Towers Watson)

How to Make Lemonade from Your 401(k) Plan's Lemons
Excerpt: "If you aren't already maxing out on your 401(k) contribution, increase your contribution rate by at least one percentage point every year until your total contributions (yours and your company match) are at least 15 percent of your salary."
(CBS MoneyWatch.com)

Lawmakers Ease Swap Restrictions for Retirement Plans in Financial Overhaul Bill
Excerpt: "The bill eases earlier provisions that would have prevented some defined contribution plans from offering stable-value funds and severely limited defined benefit plans' ability to use swaps to hedge investment risk."
(Mercer LLC)

Exclusive Comments from Industry Insiders Suggest Fin-Reg's Fiduciary Standard May Impact 401(k) Plan Sponsors
Excerpt: "The implementation of a universal fiduciary standard may require 401k plan sponsors to revisit the vendors currently providing services to their plan and may even cause the removal of some of those providers."
(Fiduciary News)




Meet some of the biggest pension and welfare benefit celebrities at the Western Benefits Conference! Get the latest on what's going on in the world of pension and welfare benefits from industry experts and IRS officials live in person! The Western Benefits Conference takes place July 18-20 in Los Angeles, CA and is a joint program by the Western Pension & Benefits Conference (WP&BC) and the American Society of Pension Professionals & Actuaries (ASPPA).

For a program listing and to register, visit www.westernbenefits.org today!

Sponsored by WP&BC and ASPPA

Executive Compensation; Benefits in General

[Guidance Overview]
Banking Regulatory Agencies Issue Final Guidance on Sound Incentive Compensation Policies (PDF)
5 pages. Excerpt: "The Agencies' final guidance covers all banking organizations under their supervision (approximately 8,000 in total) and is to be applied to incentive compensation arrangements for three categories of 'covered employees' . . . ."
(Frederic W. Cook & Co., Inc.)

2010 SHRM Employee Benefits Survey Results (PDF)
88 pages. Excerpt: "According to this research, the majority of HR professionals indicated that their organizations have been negatively affected by the U.S. and global economic recession."
(Society of Human Resource Management)


Webcasts and Conferences

5500 Software Review and Update
Nationwide on June 30, 2010
presented by ftwilliam.com

Abandoned Plan Program Workshop
in Pennsylvania on July 12, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Abandoned Plan Program Workshop
in Maryland on July 13, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

COBRA Compliance Workshop
in Utah on July 13, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Understanding Your Fiduciary Responsibilities Under ERISA Workshop
in Utah on July 13, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Voluntary Fiduciary Correction Program Workshop
in Pennsylvania on July 12, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


Press Releases


Click to post your job on EmployeeBenefitsJobs.com

Newly Posted Employee Benefits Jobs

VP, Institutional Investments
for Prudential
in CT

Account Manager
for The BENECON Group, Inc.
in PA

Retirement Plan Sales Consultant
for A leading National TPA
in PA

Senior Compliance Manager
for The Capital Group Companies
in CA

Actuary, Retirement and Defined Benefits
for Aon Consulting
in PA

Full-time Retirement Plan Administration Specialist
for Tax Favored Benefits, Inc.
in KS




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