DATAIR's DC/Win System for Allocations, Discrimination Testing, and Proposals. Handles New Comparability Plans, Sole Proprietorships, 401(k) and 403(b) plans. Use with our DB System for Cash Balance and Combo Plans. Expert support. DC/401(k) System includes:*
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Automated loan processing
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Interface with DATAIR's 5500/1099R firstname.lastname@example.org
or call 1-888-328-2474
Some Questions and Answers About Form 5500-EZ
Excerpt: "The IRS finally issued the Form 5500-EZ and its accompanying instructions. Unfortunately, the IRS did not include with the instructions any form of extension for plans which had a deadline after December 31, 2009, and before the issuance of the new form. The revised form and instructions include many changes. The following FAQs address issues relating to the annual reporting requirements for one-participant plans: . . . ."
SEC Okays Pay-To-Play Ban for Investment Advisers
Excerpt: "The Securities and Exchange Commission on June 30 unanimously adopted rules designed to prevent investment advisers from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts."
(Employee Benefit Adviser; free registration required)
Weighing the Rebalancing of Investment Accounts
12 pages. Excerpt: "While many studies illustrate the benefits of rebalancing, plan sponsors must make key decisions regarding how and when rebalancing should be conducted. They also need to consider several factors when choosing an appropriate rebalancing policy, including:  The more complex the portfolio, the more rebalancing decisions that have to be made.  It is important to identify and take advantage of the 'trigger point' where the benefits of rebalancing start to outweigh the associated costs.  The rebalancing decision includes deciding how far to rebalance: all the way back to the neutral target, or just back within the original target range.  Rebalancing triggers that are based on asset class size (i.e., major versus minor asset classes) may have different relative impacts on a portfolio."
(The Principal Financial Group)
Overview of Americans' Retirement Account Balances (Updated 7/10)
Excerpt: "The retirement savings of American households took a big hit when the stock market crashed in 2008. Recently, however, a good portion of these losses has been reversed. This fact sheet follows trends in retirement account balances since the beginning of 2005."
BP Faces Stockholder and ERISA Lawsuits
Excerpt: "One lawsuit was filed by New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund. The Fund, which is valued at approximately $130 billion, seeks lead plaintiff status in a lawsuit related to BP's Deepwater Horizon explosion . . . ."
How Will Baby Boomers' Retirement Affect Stocks?
Excerpt: "If Boomers follow the usual pattern of shifting their portfolio mix toward income-generating investments -- bank CDs, bonds and dividend-paying stocks -- will the stock market's long dry spell drag on?"
Build your credibility and earn the privilege of representing clients before the IRS. This is your last chance to assure your slot in the 2010 summer ERPA exam window which runs from July 7 – August 31. Take advantage of the extended ERPA exam registration deadline by registering by July 19.
For more details and registration, visit www.erpaexam.org
Executive Compensation; Benefits in General
House Approves Financial Regulatory Reform: Compensation and Retirement Implications
Excerpt: "The final conference report amended language that would have imposed restrictions on retirement plans' ability to use stable value funds by classifying stable value funds as swaps. After lawmakers received numerous requests from employers concerning the language in the original bills, Senate and House conferees reached the following agreement:"
House Passes Financial System Regulatory Reform Package
Excerpt: "Executive compensation provisions include: 1) shareholder votes on executive compensation, or 'say on pay'; 2) shareholder votes on executives' 'golden parachutes'; 3) requirements for public companies to disclose in their proxies the relationship between executive compensation actually paid and the financial performance of the company; 4) requirements for companies to adopt clawback provisions that would recoup incentive-based compensation, including stock options as awarded compensation, for current and former executive officers when the company is required to restate its financial statements."
Pension Funding Relief Will Affect Executive Pay Design
Excerpt: "The pension funding relief . . . comes with conditions. Relief recipients that pay 'excess employee compensation' or make certain dividend payments in stock redemptions must also make higher pension contributions. . . . A grandfather rule excludes NQDC, restricted stock, stock options and stock appreciation rights payable or granted under a written binding contract in effect on March 1, 2010, and there are a few other exclusions as well."
Illinois Stops Paying Its Bills
Excerpt: "[T]here is the spectacularly mismanaged pension system, which is at least 50 percent underfunded and, analysts warn, could push Illinois into insolvency if the economy fails to pick up."
(New York Times; free registration required)
U.S. Supreme Court to Consider Remedy for Deficient SPD
Excerpt: "To recover benefits based on an inconsistency between an ERISA plan document and summary plan description (SPD), must participants show reliance on the SPD? Is it sufficient to show 'likely harm'? Or can participants prevail without any showing of harm? The US Supreme Court will tackle these questions . . . ."
Webcasts and Conferences
in Illinois on November 11, 2010
presented by ABA Joint Committee on Employee Benefits
Newly Posted Employee Benefits Jobs
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