Run blocks of plans through all testing in an automated, unattended mode with ASC Compliance Testing System's Single Step Processing (SSP) tool. Produce multiple correction options with SSP (e.g. ADP HCE returns vs. QNECs) in one pass. Partner the sophistication of ASC's Compliance Testing with Money Manager Link and SSP for even more efficiencies. ASC offers a full range of retirement plan automation products including DC/401(k) and Defined Benefit software, Document Management and Generation System, and EFAST2 approved 5500 forms. Learn more! email@example.com
Pension Funding Relief Signed Into Law on June 25 (PDF)
Excerpt: "It is important to keep in mind that electing to stretch out the payments will slow the progress of reducing a plan's underfunding, and increase the chances that a plan may fall below certain funding thresholds (80%/60%). However, many plan sponsors will welcome the opportunity to reduce their contributions in the near term."
Reducing Costs of 401(k) Plans with ETFs and Commingled Trusts
Excerpt: "Most of the money invested in equity within 401(k) plans is held in actively-managed mutual funds. Although the investment objectives of these funds can offer more promising returns than the passive investment strategies of broad index funds, actively-managed funds can be costly. Without giving up the investment objectives of actively-managed funds, 401(k) plans can achieve substantial savings by shifting to exchange-traded funds (ETFs) and commingled trusts . . . ."
(Center for Retirement Research at Boston College)
What Exactly Are 12b-1 Fees, Anyway?
Excerpt: "Mutual-fund investors paid about $9.5 billion last year in 12b-1 fees -- and if you don't know what that is, you're not alone. The Securities and Exchange Commission worries that many people are unaware of or don't really understand these charges, which are subtracted from fund assets to pay for 'distribution' and/or 'services.'"
(Wall Street Journal)
The ASPPA Annual Conference is attended by 1,600 of your colleagues, with more than 60 workshops and 80 vendor displays in the exhibit hall focusing on all areas of the retirement business. Attendees even get face time with representatives from every aspect of the retirement plan industry, including the IRS and DOL and Members of Congress and their staffs.
Executive Compensation; Benefits in General
Final Guidance on Sound Incentive Compensation Policies Applicable to Banking Organizations (PDF)
6 pages. Excerpt: "The agencies responsible for supervising banking organizations have issued final guidance on sound incentive compensation policies to assist banking organizations in designing and implementing incentive compensation arrangements that effectively consider potential risks and risk outcomes. The final guidance retains the same key principles as in proposed guidance issued in October 2009, but includes clarifications to address issues raised by commenters."
Disappearing Perk: Employee Stock Options
Excerpt: "Last year, a little more than three-quarters of the companies in the S&P 1500, which tracks small- and mid-cap stocks as well as the conventional S&P 500 index, relied upon stock options to pay their CEOs. Compare that to five years prior, when that figure stood at nearly 93%."
Links to Online Federal Employee Benefits Calculators
Includes links to calculators for the various federal retirement plans, the Thrift Savings Plan, the Federal Employees' Group Life Insurance program, and the Federal Long Term Care Insurance Program.
(Washington Post; free registration required)
Webcasts and Conferences
Newly Posted Employee Benefits Jobs
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