[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]
EBSA Updates EFAST2 FAQs
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 www.dol.gov/ebsa."
(Deloitte via BenefitsLink.com)

[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."
(PLANSPONSOR.com)

[Opinion]
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)

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."
(PLANSPONSOR.com)

"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

Click to post your webcast or conference

U.S. Labor Department Sues Corporate Officers of Defunct West Chester, Pennsylvania, Company to Protect Pension Plan Participants
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

ASC's 5500 System Approved for 2010
ASC

John Hancock Offering Both 'To' and 'Through' Target-Date Funds
John Hancock Retirement Plan Services

AlwaysCare Benefits Extends Dependent Age Limit for Vision and Dental Coverage
AlwaysCare Benefits, Inc.

Leading Quality Organizations Support NBCH’s eValue8™ Health Plan Evaluation Program
Health Care Incentives Improvement Institute (HCI3)

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

Click to post your press release

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.
in ANY STATE

Vice President of Retirement Plan Regulatory & Legislative Affairs
for Prudential
in NJ

New Business Manager
for Qualified Plan Consultants, LLC
in IA

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