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
EBSA Seeks Comments on Plan Loan Regs
Excerpt: "The information collection request relates to the provisions plan documents must include in order for a plan to make loans to participants. The request is scheduled to expire on October 31, 2010."
(Wolters Kluwer Law & Business)
How Retirement Planning Shortchanges Women
Excerpt: "In a recent Boston Consulting Group survey of women investors, respondents said they routinely feel underserved by the financial-services industry, with more than 70% expressing dissatisfaction with the service they're getting. Among the complaints: disrespectful advisers, narrower investment choices based on the assumption that women can't handle risks and patronizing pitches . . . ."
(Wall Street Journal)
Beware of Professors Bearing ETFs
Excerpt: "while market research by these scholars has helped shape how firms design hundreds or thousands of portfolios, the particular investments created by the academics themselves haven't always performed well."
(Ian Salisbury in the Wall Street Journal)
Investment Management Outsourcing: Seven Myths and Realities
Excerpt: "Some employers -- who sponsor underfunded defined benefit (DB) plans that need better risk management or defined contribution (DC) plans that need less-costly, more-customized investment options, for example -- have looked to the expertise of investment-management outsourcers as that protection from the current storm."
Retiring Later Is Hard Road for Laborers
Excerpt: "After years of debate about how to keep Social Security solvent, the White House has created an 18-member panel to consider changes, including raising the retirement age. After years of debate about how to keep Social Security solvent, the White House has created an 18-member panel to consider changes, including raising the retirement age."
(New York Times; free registration required)
A 'Roth Mulligan' Just Might Be Worth a Shot
Excerpt: "But what if you've converted from a traditional IRA to a Roth and then the value of your investments drops? Considering the year we've had in the stock market, that's a great possibility. . . . Well, in the Roth conversion world, you have an opportunity to undo what you did. Call it a Roth mulligan."
(Washington Post; free registration required)
How to Cheat a Public Pension Fund
Excerpt: "[A]ll the S.E.C. can do is force states to follow the budgeting rules that are set by the Governmental Accounting Standards Board. These rules offer, at best, only the illusion of transparency, because they allow governments to base their budgets on economic fictions. Consider, for the sake of comparison, how private corporations, in measuring the value of the assets in their pension systems, are required to use real portfolio market prices."
(Orin S. Kramer in the New York Times (free registration required))
The ASPPA Annual Conference is attended by 1,600 of your colleagues, with more than 60 workshops and 80 vendor displays in the exhibit hall focusing on all areas of the retirement business. Attendees even get face time with representatives from every aspect of the retirement plan industry, including the IRS and DOL and Members of Congress and their staffs.
Benefits in General; Executive Compensation
Pension, Health Benefits Under Scrutiny for University of California Employees
Excerpt: "UC's governing board of regents is scheduled to vote on a proposal to increase the amount current employees and the university contribute to the retirement plan. The payments would go up over the next two years, so that by July 2012, employees would pay 5 percent of their salaries to the retirement plan and UC would pay 10 percent."
Connecticut Governor Proposes Pension Changes
Excerpt: "Connecticut Gov. M. Jodi Rell has proposed creating a defined contribution plan for new state employees among other efforts to help the state cope with $34 billion in unfunded pension and retiree health benefits liabilities."
Public Workers' Generous Benefits Come at a Price
Excerpt: "Several forces contribute to the gap between public and private sectors. For one, state law prohibits many public employees from striking and that prohibition comes at a price of ensuring fairness for those employees. In addition, many public workers accept lower salaries in exchange for generous health care benefits."
(Milwaukee Journal Sentinel)
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