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Health & Welfare Plans Newsletter

September 1, 2010

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No matter how benefits-savvy your employees may be, todayís health care environment can confuse the most sophisticated consumer. Thatís why companies large and small use BeneCom for their benefits communication. We know benefits and we understand what employees need to know to make them work Ė for themselves and for you. And while weíre at it, we make your life a little easier, too.

For more information visit our site or call (860) 674-2626, Ext. 2001

2,000 Employers and Unions Approved for Early-Retiree Health-Care Funds
Excerpt: "The applicants approved so far span a broad spectrum: Fortune 500 companies, small businesses, major unions, schools, local governments and nonprofit groups."
(The Washington Post; free registration required)

Striking Coca-Cola Workers' Benefits to Be Restored
Excerpt: "[T]he Atlanta-based soft drink company maintains it was within its legal rights to suspend the workers' health benefits during the work stoppage, which began Aug. 24. The company spokesman also said Monday that when health benefits are restored, workers' contributions will be prorated to reflect the temporary lapse in coverage."
(Business Insurance)

National Results: 2010 UBA Health Plan Survey
Excerpt: "While other surveys primarily target large employers, this survey focuses on reporting results that are applicable to the small to midsize companies who represent the overwhelming majority of the nation's 5 million-plus employers, with a mix of larger companies in rough proportion to their prevalence nationally."
(United Benefit Advisors)

An employer writes:

"I have to tell you that of all the job boards Iíve ever used, this one has the best quality of candidates. I donít get flooded with tons of resumes, and even the candidates who arenít fit for the jobs we have donít miss the mark by much."

Benefits in General; Executive Compensation

Survey Finds Fewer Companies Continuing Benefits during Unpaid Non-FMLA Leaves
Excerpt: "According to the survey of Family Leave practices by BLR, 58% of responding companies allow benefits to continue, a significant decrease from the 73% of respondents who had such a policy in late 2007."

Employee Ownership Update for August 31, 2010
NCEO Executive Director Corey Rosen discusses the following: The report of the President's Economic Recovery Advisory Board mentions the possibility of eliminating ESOP 'special provisions.' The 2010 NASPP/Deloitte stock plan survey found some decline in broad-based plans, but they are still alive and well. A massive worldwide survey by Kelley Services found that most workers say profit sharing or ownership would motivate them to perform at a higher level.
(National Center for Employee Ownership)

Fall 2010 Likely to See the Most Significant Effort to Accelerate Income Since 1994
Excerpt: "[Why?] Big tax increases. Absent some quick and unexpected action by Congress, beginning January 1, 2011: the top individual ordinary income tax rate will increase to 39.6% from 35%, the top dividend tax rate will increase to 39.6% from 20%, and the long-term capital gain tax rate will increase to 20% from 15%."
(Michael Melbinger via Winston & Strawn LLP)

Plan Sponsors Not Focused on Same Issues As Advisers & Regulators
Interview with PlanSponsor's Nevin Adams. Excerpt: "Adams: Like their workers, I find most plan sponsors are more worried about the here-and-now aspects of health care reform than they are retirement plans, per se. People are people, after all, and there is a strong sense that we have more time to deal with retirement than with health care, and there is a great concern about what the new law will require, and how that will impact existing programs, and what that will mean."
(Fiduciary News)

Webcasts and Conferences

ASPPA 401(k) SUMMIT Advisor Webcast Series: Target Date Funds--Growth, Concerns and Changes
Nationwide on September 15, 2010
presented by ASPPA (American Society of Pension Professionals & Actuaries)

ASPPA EduCast: Advanced ESOP Design and Utilization and Solutions
Nationwide on September 28, 2010
presented by ASPPA (American Society of Pension Professionals & Actuaries)

ASPPA EduCast: What Does a DC Administrator Need to Know About a DB/DC Plan?
Nationwide on September 30, 2010
presented by ASPPA (American Society of Pension Professionals & Actuaries)

ASPPA Webcast: Are You Ready for October 15? EFAST2 and Form 5500 Update
Nationwide on September 14, 2010
presented by ASPPA (American Society of Pension Professionals & Actuaries)

Code Section 409A
Nationwide on September 9, 2010
presented by Lorman Education Services

Health Savings Accounts
Nationwide on September 16, 2010
presented by Lorman Education Services

Press Releases

PBGC Protects Worker Pensions at Fraser Papers
Pension Benefit Guaranty Corporation (PBGC)

NAIRPA Issues Comments to SEC on Target Date Funds
National Association of Independent Retirement Plan Advisors (NAIRPA)

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