To BenefitsLink home page

Retirement Plans Newsletter

August 24, 2010

View Newest Jobs

View all jobs on provides automatic conversion for nearly every document type, batch generation of required amendments and annual notices, automatic generation of plan amendments with a customized SMM and unparalleled customer service. Whatever you need for efficient, trouble-free document generation, we’ve got you covered!
Contact us at 800.596.0714 or email for more information and to schedule a demo via webinar with one of our representatives.

Your Life Just Got Easier!

Sponsored by

[Official Guidance]
Special Voluntary Correction Program Kit for Employers Who Did Not Amend Their Plan on Time (PDF)
18 pages. The kit is for plan sponsors who missed the April 30, 2010, EGTRRA restatement deadline.
(U.S. Internal Revenue Service)

[Guidance Overview]
Excerpt: "Additionally, Question 11 has been updated to clarify the definition of 'Filing Signer' and Question 29 has been updated to address a potential issue with 'optimizing' PDF files. These updated FAQs may be found on the Department of Labor's Web site, at"
(Deloitte via

[Guidance Overview]
New Regulations on Service Provider Fee Disclosure Obligations
Excerpt: "Because the Fee Disclosure Regulations contain a number of significant changes from the proposed regulations, the DOL published them as interim final regulations in order to permit additional comments. Interested persons can comment to the DOL until August 30, 2010."
(McDermott Will & Emery)

DOL Answers More EFAST2 Questions for Form 5500 Filers
Excerpt: "DOL explains how filers can meet the requirement to submit separate attachments for actuarial information when the plan's actuary sends a single electronic file. Similar procedures apply if the accountant sends a single file combining the auditor's report with other financial information."
(Mercer LLC)

New White Paper Reveals Three Greatest Fiduciary Liability Threats to 401(k) Plan Sponsors
Excerpt: "The Chubb Group of Insurance Companies and Morgan, Lewis & Bockius LLP recently released a special report on the risk of fiduciary liability lawsuits that may just scare the you-know-what out of the average 401k plan sponsor."
(Fiduciary News)

Who May Sue You and Why: How to Reduce Your ERISA Risks and the Role of Fiduciary Liability Insurance (PDF)
32 pages. Excerpt: "In a press release dated August 12th, Chubb states 'The U.S. Labor Department reported 910 corrected violations resulting from the 1,042 investigations of violations of the Employee Retirement Income Security Act (ERISA) it conducted in 2009.'"
(Chubb Group of Insurance Companies)

Schwab 401(k) Survey Says Automatic Features, Advice Continue to Gain Ground
Excerpt: "According to data collected from 401(k) plans serviced by Schwab Retirement Plan Services, Inc. through the first half of 2010, nearly three-quarters (74%) of employers make 401(k) advice available to plan participants, as compared to 42% in 2005."

What Plan Sponsors Don't Know May Hurt You
Excerpt: "[I]t's what plan sponsors don't know that worries them. Three out of four respondents confessed that they lacked significant knowledge of ERISA fiduciary requirements, and little over half felt that they had adequate knowledge of the administrative and investment fees associated with their plan."
(Briskin Consulting)

ASPPA credentials place you at the top of the pension profession. The Certified Pension Consultant (CPC) credential is conferred by ASPPA to benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning. CPCs work alongside employers to formulate, implement, administer and maintain qualified retirement plans.

Learn more and register for the CPC modules at today.

Sponsored by ASPPA

Benefits in General; Executive Compensation

Potential Overhaul of Proxy System Has Executive Pay Implications
Excerpt: "An SEC concept release seeks input by Oct. 20 on potential proxy system reforms, some of which have implications for executive pay. The release covers three major topics: the accuracy, transparency and efficiency of the voting process; shareholder communications and participation; and the relationship between voting power and economic interest."
(Mercer LLC)

Principal 10 Best Stand Firm on Employee Benefit Commitment
Excerpt: "This is the ninth consecutive year the Principal has sponsored the program that honors growing companies (five - 1,000 employees) for their commitment to employees' financial security through outstanding employee benefit offerings."

Webcasts and Conferences

"A 401(k) Practitioner's Guide to 457(b) Plans" Web Seminar
Nationwide on September 14, 2010
presented by SunGard Relius

Health Care Reform: Technical Aspects and Practical Considerations for Employers!
Nationwide on September 16, 2010
presented by ABA Joint Committee on Employee Benefits

Press Releases

Sentinel Benefits Opens North Carolina Sales Office
Sentinel Benefits & Financial Group

Click to post your job on

Newly Posted Employee Benefits Jobs

Experienced Retirement Plan Administrator
for Valley Forge Pension Management
in PA

Financial Services Specialist
for Nationwide
in OH

Experienced DB administrator
for Summit Benefit & Actuarial Services, Inc.

New Business Manager
for Qualified Plan Consultants, LLC
in IA

Where the best employers find the best candidates!

Handy Links:

Subscribe to the BenefitsLink Health & Welfare Plans Newsletter, Too!

Sign-up form is at (free).

This email has been published by:, Inc.
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151

Jeanette Hull, News Editor

David Rhett Baker, J.D., Editor and Publisher

Copyright 2010, 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:

Other useful links: