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) 328-2474
Company Securities in Pension Plan Assets
Excerpt: "According to a recent Towers Watson analysis, . . . while a few companies contributed company securities to their defined benefit . . . plans over the last year, the overall trend has been away from holding these securities as pension assets."
Defined Contribution Qs and As from the 2010 Annual ASPPA Conference
11 pages. Excerpt: "The Q&A committee solicits, screens and submits questions from ASPPA members to various government agency panelists as part of the ASPPA Annual Conference and other ASPPA conferences. Members of the Q&A subcommittee generally meet with the government agency panelists to screen and preview the submitted questions."
(American Society of Pension Professionals & Actuaries)
Finding 'Best Fit' in a Retirement Plan Provider Through the RFP Process
Excerpt: "Much has been written about what plan sponsors should include in a Request for Proposal (RFP) when they embark upon a search to hire or replace a retirement plan provider. But written proposals submitted in response to an RFP will never capture all of the essential elements that plan sponsors should assess in selecting a provider. It is therefore vital that plan sponsors recognize the potentially significant limitations of relying too heavily upon the RFP as a decision tool."
Text of DOL Amicus Brief in Support of Plaintiff in Home Depot Stock Litigation
Excerpt: "Whether the district court erred in treating as a statutorily barred diversification claim the plaintiffs' prudence claim that defendant plan fiduciaries should have overridden plan terms mandating investment in stock issued by the employer, Home Depot, where it would be imprudent to continue to permit investment in the employer stock at allegedly inflated prices[.]"
(U.S. Department of Labor)
Text of DOL Amicus Brief in Support of Plaintiff in ING Groep N.V. Stock Litigation
Excerpt: "Whether the district court erred in holding that the defendant plan fiduciaries had no duty to override plan terms mandating investment in stock issued by the employer, ING Groep and its subsidiaries . . ., where it would be imprudent to continue to permit investment in employer stock at allegedly inflated prices."
(U.S. Department of Labor)
Idea for Chicago: Reduce the Cost of Pensions and Fund Them According to Actuarial Standards
Excerpt: "Chicago -- like the state of Illinois -- does not fund its employee pensions at their true cost level (as determined by actuaries). If it did, the city would have to provide an additional $700 mil.lion or so in funding in 2012. By 2015 the number could grow to about $800 mil.lion. Not funding these costs as they are incurred simply shifts the liabilities to the future."
Accounting for Public Pensions
Excerpt: "There is rising concern over the state of local government finances, and governments may be forced to make better disclosures if they simply want to issue new bonds. Disclosures are likely to lead to growing pressure to rein in pension costs, even though that will be resisted by public employee unions, which often have considerable political clout."
(The New York Times; one-time registration required)
Itís a whole new world at the 2011 NTSAA Annual Conference, the premier 403(b) and 457 forum for educating producers, providers, agents, broker/dealers, sales and marketing managers, office staff, plan sponsors and other business officials. Register now and join your colleagues in Orlando February 2-5, 2011.
For more information and a brochure, go to www.asppa.org/ntsaaconference
Benefits in General; Executive Compensation
Text of DOL Amicus Brief Supporting Plaintiff in Bankruptcy Standing Case
Excerpt: "Statement Of The Issues: Whether a bankrup.tcy trustee, who also is an ERISA fiduciary, has standing to bring an ERISA action on behalf of plan participants against a former fiduciary of an employee benefit plan. Whether the defense of in pari delicto can be asserted against an innocent ERISA fiduciary seeking to remedy a fiduciary breach caused by the defendant fiduciary."
(U.S. Department of Labor)
Executives Keep Health Perks As Workers' Benefits Dwindle
Excerpt: "Hundreds of top corporate managers get medical benefits and supplemental coverage far beyond what's offered to rank-and-file employees. Benefits include 'executive' physicals and reimbursements for out-of-pocket costs, deductibles and co-payments, according to corporate filings."
Florida Lawmakers Weigh Changing State Employee Health and Pension Accounts
Excerpt: "Scaling back benefits for current employees working in state agencies, city and county governments and school districts, along with the powerful unions that represent them, will be a 'complex, heavy lift,' . . . . Florida's health insurance trust fund is facing a $275 mil.lion deficit next year, and another $583 mil.lion shortfall in 2014, while the state employee pension account faces an unfunded liability estimated at $304 mil.lion this year."
(The Miami Herald)
Webcasts and Conferences
COBRA Compliance Seminar
in California on January 25, 2011
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Newly Posted Employee Benefits Jobs
Subscribe to the BenefitsLink Health & Welfare Plans Newsletter, Too!
This email has been published by:
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
Fax: (407) 644-2151
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Copyright 2010 BenefitsLink.com, Inc.; except that you can
forward this email in full (including this boilerplate part) or
otherwise reprint this email in full (including this boilerplate
part) without obtaining our permission.
Anyone can subscribe to this newsletter.
Other useful links: