DB Administration, Discrimination Testing and Proposal software with Multiple Plan and Cash Balance Plan handling. PPA'06 Pension Funding.
Funding Target and Target Normal Cost with 3-rate segments
404(o) Cushion; 430 minimum and 404(o) maximum contributions
Funding Target Attainment Percentages (FTAPs)
Schedule SB reports and links to our 5500/PBGC System, and our FAS 158 and Termination Calculation reporting systems.
or call 1-888-328-2474
In-Plan Roth Conversions
4 pages. Excerpt: "There are several steps for employers to take in relation to the new in-plan Roth conversion option. The . . . . checklist aims to help employers with those steps . . . ."
(Utz, Miller & Eickman, LLC)
Inter-Plan Asset Transfer Elimination Upheld
Excerpt: "[A Federal Court] contended that shipper DHL Holdings had not violated [an ERISA] anti-cutback mandate with the late-2004 rule change and upheld the lower court holding on the basis that the change was permitted under [a Treasury Department regulation] even if it diminished an accrued benefit."
Morgan Stanley Cleared of Fiduciary Breach over Mortgage-Backed Securities Holdings
Excerpt: "[A District Judge] said the complaint by Saint Vincent Catholic Medical Centers and Queensbrook Insurance Limited sets forth no facts that evidence a claim that Morgan Stanley breached its duty of prudence to Saint Vincent. It contains no allegations of inadequacy of Morgan Stanley's investigation of the merits of its investments."
Do Risk Disclosures Affect Investment Choice?
Excerpt: "The aim of this study was to understand the potential effects of different information disclosures regarding risk on retirement investing behavior."
(Social Science Research Network)
Auto-Enrollment Benefits Young Savers, According to Financial Engines
Excerpt: "About 52 percent of workers under age 30 eligible to automatically enroll in an investment option through their employer have the appropriate risk and diversification for their age to put them on a better track for retirement, compared with 12 percent of employees in that age group without access to such a feature, according to the study . . . ."
A Team of Researchers Is Rethinking the Basis for Calculating Pensions
Excerpt: "The Boston College Center for Retirement Research has] issued a timely and insightful report on pension finances; they have taken on the issue of pension spiking and the broader issue of how we calculate lifetime defined-benefit pensions in the first place. . . . This column focuses on one important feature of the CRR report: The mathematical defect of a defined benefit system that bases the pension on late-career earnings."
On Comparing the Safety of Stocks and Bonds
Excerpt: "As early as 1997, even the Wall Street Journal began to question the Old Rule of Bond Investing. The article made a point long held by experienced investors - investing for purely social reasons does not generally produce pleasant investment results."
New York's Pension Scandal
Excerpt: "Alan Hevesi, the former comptroller, has provided the best argument to stop giving one person the power to invest New York State's $125 bil.lion pension fund."
(The New York Times; free registration required)
New rules from the IRS require paid tax preparers to obtain a PTIN, as well as either meet broad competency requirements or become an Enrolled Retirement Plan Agent (ERPA). We can help you become an ERPA with our incredible tools, practice exams and study aids. Register now and order your materials. The exam window is January 6-February 17, 2011!
For more information and study aids, visit AIRE, LLC. To register for the exam, visit ERPA Exam
Benefits in General; Executive Compensation
Boomers' Shrunken 401(k)s Spark Interest in Reverse Mortgages
Excerpt: "Ten years ago, reverse mortgages were primarily used by widowed or single women well into their 70s with little other means of retirement income. Now, big losses to retirement savings as a result of the financial crisis have stoked interest among younger retirees of both sexes."
S.&P. Says Cost to Care for World's Elderly Will Spiral
Excerpt: "Credit analysts at Standard & Poor's said on Thursday that the cost of caring for the world's aging populations would be 'on an explosive path' and could swamp the budgets of many countries in the next 40 years unless governments accelerated belt-tightening efforts that are already proving highly unpopular."
(The New York Times; free registration required)
One Man's Story About the Origins of ERISA
Interview with Jeffrey Mamorsky. Excerpt: "Do you know who came up with the name 'Employee Retirement Income Security Act'? That's quite a mouthful and I was curious as to its origin."
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