Small Business Stimulus Passes Congress
Excerpt: "The bill allows participants in government section
to treat elective deferrals as Roth contributions, effective for tax
years beginning after 2010. . . . The bill also allows rollovers from
elective deferral plans to Roth-designated accounts."
(Journal of Accountancy)
Cash Balance Renaissance
Excerpt: "Under the structure described in this article, the cash
balance plan provides a safe and conservative benefit that never loses
principal. And plan participants can then carry out their retirement
investment strategy any way they choose in their defined contribution,
IRA, or personal accounts."
Pension Freezes Continue Among Fortune 1000 Companies in 2010 (PDF)
13 pages. Excerpt: "From 2009 to 2010, the number of Fortune 1000
companies sponsoring a frozen pension plan increased by 4%. After
peaking in 2006, the overall freeze rate has remained relatively
constant over the last three years, as the economic climate has remained
uncertain. Meanwhile, the number of sponsors of defined benefit (DB)
plans (both active and frozen) in the Fortune 1000 has continued to
decline modestly, as new entrants to the list are more likely to sponsor
only defined contribution (DC) plans."
Public Pensions Are Investing for Less
Excerpt: "Financial statements and annual reports would be
improved by a
management discussion of the consequences of error, misjudgment or
uncooperative financial markets. Actuarial data on varying probable
scenarios might be appropriate in the pension plan's footnotes. Plan
sponsors (employers) should ask hard questions and be sure to disclose
the consequences of projection errors in their bond documents."
Is Free 401(k) Advice Worth The Money?
Excerpt: "In corporate conference rooms across the country,
that are trying to help employees plan their future are facing an odd
problem: They don't seem to want the help."
FASB Ratifies Position on DC Pension Plan Loan Reporting
Excerpt: "At the September 16 Emerging Issues Task Force
the Financial Accounting Standards Board (FASB) unanimously ratified the
EITF's consensus on this topic, that participant loans should be
classified as notes receivable from participants in the financial
statements of a defined contribution (DC) pension plan, measured at the
outstanding principal amount plus accrued but unpaid interest."
(International Foundation of Employee Benefit Plans)
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.
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