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: * Downloads from many allocated account fund providers * Automated loan processing
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[Guidance Overview]
401(k) Participant Wins FINRA Arbitration
Excerpt: "A 401(k) participant who claimed Morgan Stanley caused significant losses in his account by not moving money out of the stock market when he requested has been awarded $80,504 after arbitration."
(PLANSPONSOR.COM)
[Guidance Overview]
The 403(b) 81-100 Trust Under Rev. Rul. 2011-1 Is Not What It Seems
Excerpt: "The IRS issued Revenue Ruling 2011-1, under which it will allow the combining of 403(b) assets with 401(a) assets in the 81-100 trusts. Or maybe not. Take a look at the details, and it really doesn't seem to be able to do much of what it says can be done. What it really is is another shining example of how complicated it is when Tax, Labor and SEC rules clash."
(Robert J. Toth, Jr.)
Bill to Extend Pension Benefit Freeze Relief Dies
Excerpt: "The House adjourned last week without action on a bill passed by the Senate that would have created a one-year extension for an expiring provision that effectively exempts underfunded pension plans from rules that require them to freeze benefit accruals."
(Pensions & Investments)
Is a $1 Mil.lion Retirement Nest Egg Attainable?
Excerpt: "The $1 mil.lion figure that is frequently cited as the silver bullet needed to enjoy a comfortable retirement is actually attainable, Consumer Reports found in a recent survey of 24,270 online subscribers age 55 and up."
(Employee Benefit News; one-time free registration required)
The Target-Date Fund Is Intended to Provide an Autopilot for Defined Contribution Participants
Excerpt: "The 'glide paths' of target-date funds assume constant risk premia from equities and other asset classes. In this issue we explore another path utilizing the Fundamental Index approach and find its inherent contra-trading produces a far better result. Furthermore, this approach is simple and inexpensive, two critical components of an effective 401(k) solution. In addition, we review how a simple tactical asset allocation approach would generate an even bigger retirement kitty."
(IndexUniverse.com)
The Next 10 City Pensions That Will Run Out of Money
Excerpt: "Projections by Robert Novy-Marx and Joshua Rauh . . . show the average city has $15,000 per household in unfunded pension liabilities. These massive liabilities are ignored by common government accounting (see chart [on target page])."
(Business Insider, Inc)
Come discuss employee benefits issues with industry colleagues and local, regional and national experts from the IRS, DOL and the private sector. Programs focus on current regulatory, legislative, administrative and actuarial topics. When are we coming to your area?
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Benefits in General; Executive Compensation
Secretary of Labor Names New Members to ERISA Advisory Council
Excerpt: "Secretary of Labor Hilda L. Solis has announced five new members to the 2011 Advisory Council on Employee Welfare and Pension Benefit Plans, commonly referred to as the ERISA Advisory Council. In addition to the new members, Solis has also announced who will serve as the council's incoming chair and vice chair."
(Wolters Kluwer)
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