Pension Reporter System. Easy to use PC based software for EFAST2 electronic filing. Full instructions and expert support. Choose from 4 modules:
- Annual Reporting Series: EFAST2 5500-series, PBGC Premium-series, SAR + all schedules and attachments
- 1099-R Series: with related forms and 1099 electronic filing/Service Bureau
- Qualification & Termination: 5300/5310-series and PBGC 500/600-series forms
- FAS 132/158: Audit Letter, Worksheets, Schedules
or call (888) 324-2474
Text of IRS Notice 2010-52: Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates (PDF)
4 pages. Excerpt: "This notice provides guidance as to the corporate bond weighted average interest rate and the permissible range of interest rates specified under § 412(b)(5)(B)(ii)(II) of the Internal Revenue Code as in effect for plan years beginning before 2008. It also provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates), the 24-month average segment rates, and the funding transitional segment rates under § 430(h)(2). In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under § 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008, the 30-year Treasury weighted average rate under § 431(c)(6)(E)(ii)(I), and the minimum present value segment rates under § 417(e)(3)(D) as in effect for plan years beginning after 2007."
(U.S. Internal Revenue Service)
IRS Update of Model Language for Traditional, Roth, and SIMPLE IRAs (PDF)
Excerpt: "The newly revised [Listings of Required Modifications] include a number of substantive additions meant to incorporate applicable provisions of the Worker, Retiree, and Employer Recovery Act of 2008 and the Heroes Earnings Assistance and Relief Tax Act of 2008."
(Sutherland Asbill & Brennan LLP)
Summary of Single-Employer Plan Funding Relief Legislation (PDF)
9 pages. Excerpt: "In general, the Act contains the following provisions, all of which are explained further [in the target document]: A choice between electing funding relief under the 2 and 7 rule or the 15-year rule for any two years during the 2008-2011 period. . . ."
(American Benefits Council)
New Legislation May Help Both Defined-Contribution and Defined Benefit Plans
Excerpt: "Instead of forcing stable-value fund providers into a bind, however, the current version of legislation only requires further study of the funds. Within 15 months of the bill's passage (likely by October 2011), the Securities and Exchange Commission and the Commodity Futures Trading Commission . . . must study whether or not stable-value contracts 'fall within the definition of a swap' . . . ."
Fees, Framing, and Financial Literacy in the Choice of Pension Manager
Excerpt: "A growing literature shows how consumers make mistakes in a variety of different settings pertinent to financial decision-making. Using data from a randomized experiment in Chile, we show how different ways of presenting pension management fees shape consumer choices, and how responses to pension fee information varies by level of financial literacy."
(Pension Research Council; registration required to download working papers)
The 10 Most Common Retirement Benefits
Excerpt: "Retirement benefits vary considerably by employer. Most large employers now provide a 401(k) or similar type of retirement account, but other valuable retirement perks including retiree health insurance and traditional pensions are declining."
(U.S. News & World Report)
More Workers Checking In on Pension Plans
Excerpt: "Mercer reported a 40 percent increase in defined-benefit participants asking for their estimated end benefit in 2009 versus 2008 . . . ."
Valued by every practitioner and recommended for every ERPA candidate, The ERISA Outline Book, 2010 Edition by Sal L. Tripodi, J.D., L.L.M. offers six volumes of vital information on everything you need to know. Highlights include: IRS guidance on the waiver of 2009 required minimum distribution; automatic enrollment guidance from the IRS and Treasury; guidance on discontinuing safe harbor nonelective contributions; EFAST2 electronic filing system and DOL guidance; reporting guidance for 403(b) plans, guidance on deferrals from paid time off plans, court cases on scrivener's errors, and over 100 new rulings, guidances and regulations affecting retirement plans.
Order your copy of The ERISA Outline Book, 2010 Edition today! Visit www.asppa.org/eob now!
Executive Compensation; Benefits in General
New Executive Compensation and Governance Requirements in Financial Reform Legislation
Excerpt: "In many cases, the Act directs the Securities and Exchange Commission . . . to implement the Act's requirements by adopting rules or directing the national securities exchanges or associations . . . to adopt rules. The Act also authorizes the SEC or securities exchanges to exempt certain companies, such as smaller issuers, from some of the Act's requirements."
(K&L Gates LLP)
Code Section 457A Traps for Multinational Employers
Excerpt: "In a nutshell, Section 457A limits deferrals of compensation by US individuals employed by 'nonqualified entities' - entities in countries other than the US, which do not have robust tax systems."
(Michael Melbinger via Winston & Strawn LLP)
Webcasts and Conferences
Newly Posted Employee Benefits Jobs
Subscribe to the BenefitsLink Health & Welfare Plans Newsletter, Too!
Sign-up form is at https://benefitslink.com/newsletter (free).
This email has been published by:
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
Fax: (407) 644-2151
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Copyright 2010 BenefitsLink.com, Inc.; except that you can
forward this email in full (including this boilerplate part) or
otherwise reprint this email in full (including this boilerplate
part) without obtaining our permission.
Anyone can receive these emails; just have them sign up
at this web page: https://benefitslink.com/newsletter/
Other useful links: