DATAIR's DC/Win System for Allocations, Discrimination Testing, and Proposals. Handles New Comparability Plans, Sole Proprietorships, 401(k) and 403(b) plans. Use with our DB System for Cash Balance and Combo Plans. Expert support. DC/401(k) System includes:*
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A Guide to Best Practices for 403(b) Plan Fiduciaries (PDF)
16 pages. Excerpt: "This paper provides an overview of three important areas of the law affecting 403(b) plans: Fiduciary Duties, Form 5500 Reporting and Audit Requirements, and Final IRS Regulations."
(Massachusetts Mutual Life Insurance Company)
The DOL's 408(b)(2) Regulation: Impact on Recordkeepers (PDF)
Excerpt: "This bulletin focuses on the impact of regulation on independent recordkeepers, that is, plan recordkeepers that do not offer proprietary investment products, either directly or through an affiliate, or that do not provide investment advice through an affiliated entity."
(Reish & Reicher)
What You Don't (Yet) Know About Retirement Income
Excerpt: "'For those employers freezing/terminating their DB and watching often-sizable lump sums flow out of DB plans as rollovers, the idea that a participant can re-create traditional pension income via an income annuity -- usually coupled with funds and advice regarding how much to allocate to an income annuity based on the individual's needs -- is appealing.'"
Pension Funds' Washington Mutual Suit Declared a Class Action
Excerpt: "According to Bloomberg, the pension funds' lawsuit consolidates more than 20 cases filed against Washington Mutual that claim the bank secretly lowered lending standards, artificially inflated home-price appraisals, and did not disclose its deteriorating financial condition when the loans began to fail."
It's Official: No 2011 COLA Increase for Social Security
2 pages. Excerpt: "It was also noted that other changes that would normally take effect based on changes in the national average wage index also will not take effect in January 2011 - including an increase in the amount of wages subject to Social Security withholding."
Senator Introduces New Extenders Bill with Pension Technical Corrections
Excerpt: "The Job Creation and Tax Cuts Bill of 2010 (S. 3793), introduced on September 16, 2010, consists primarily of an extension of expiring tax breaks that were contained in an earlier extenders bill, the American Jobs and Closing Tax Loopholes Bill (H.R. 4213), which failed to move in the Senate."
Obama Backs Boosting Revenue for Social Security
Excerpt: "Obama told a televised youth town hall event that he thought the best approach was to increase the amount of income subject to Social Security taxes above the current cap set around $106,000, but he did not rule anything out."
(Reuters via The New York Times; free registration required)
Pension Plan Sponsors Slow to React to Financial Market Moves
Excerpt: "While big moves in financial markets over the past several years have done serious damage to pension funding, most sponsors of defined-benefit pension plans are unable to respond to major market moves in a timely manner, a recent survey shows."
(Treasury & Risk)
Valued by every practitioner and recommended for every ERPA candidate, The ERISA Outline Book, 2010 Edition by Sal L. Tripodi, J.D., L.L.M. offers six volumes of vital information on everything you need to know, including over 100 new rulings, guidances and regulations affecting retirement plans. Subscribe to the online version and access new updates the moment they are available!
Order yours today by visiting www.asppa.org/eob!
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