[Official Guidance]
Text of IRS Revenue Ruling 2011-7: Section 403(b) Plan Terminations; Taxability of Certain Tax Sheltered Annuity Contracts (PDF)
"Whether a retirement plan that takes the actions described [in one of four situations] has been terminated in accordance with the rules of § 1.403(b)-10(a) of the Income Tax Regulations and whether distributions made to participants or beneficiaries in connection with termination of the plan are included in gross income." (U.S. Internal Revenue Service)

TPAs Stay Competitive in a maturing 401k Marketplace! (advert.)

TPAs are implementing daily valuation as a strategy to stay competitive. DV Direct provides greater flexibility, professional web access, fee transparency, greater access to fund families, cost efficiencies and much more. See how in this 1 min video

[Guidance Overview]
403(b) Terminations Under Revenue Ruling 2011-7: Establishing the Base
"A number of practitioners are likely to be disappointed by the limited scope of this ruling. However, it establishes a fundamental structure within which to work, and clarified things at which we could only guess in the past." (Robert J. Toth, Jr.)

[Guidance Overview]
Asset Management Functions by Two Members of a Controlled Group Could Violate ERISA
"A violation of the fiduciary rules of ERISA Sec. 406(b) and the party-in-interest rules of ERISA Sec. 3(14) should be determined by all of the relevant facts and circumstances when common ownership and control relationships are concerned the Department of Labor said in Advisory Opinion 2011-06A, issued on Feb. 4, 2011." (Wolters Kluwer)

Lifetime Benefits and Taxes in Social Security: The Effect of Different Discount Rates on Present Value Calculations
"Typical calculations for Social Security recipients retiring today show [internal rate of return] between 1.5 and 2 percent for average workers, higher for women than men." (Urban Institute)

Changes to the 401(k) Match Could Increase Employee Participation
"Unlike the historical 50 percent-of-6 percent, there doesn't seem to be any preferred percentage for the revised match. An employer could achieve the same 3 percent net match in a theoretically infinite number of ways - 20 percent of the first 15 percent of salary, 37.5 percent of the first 8 percent, 25 percent of the first 12 percent, and so on." (Institutional Investor Magazine via emii.com)

Don’t Miss Pensions & Investments 401(k) Investment Lineup Summit (advert.)

Join P&I and an elite group of your peers for this informative conference that will provide the most up-to-date thinking on how to best design a DC investment lineup and present you with valuable networking opportunities. Plan sponsors attend FREE.

IRS Guidance on 403(b) Plan Terminations
"Revenue Ruling 2011-7 spells out four situations in which different plans funded in different ways terminate." (PLANSPONSOR.COM)

Gender Split Found in Asset Allocation Fund Choice
"MassMutual's Retirement Services Division has released data for the fourth quarter 2010 indicating that female participants in retirement plans administered by MassMutual have been shifting an increasing percentage of their retirement savings into asset allocation investments in general (target-date or risked-based options), but are favoring target-date options." (PLANSPONSOR.COM)

[Opinion]
President's Budget Proposal Could Help Up to 78 Mil.lion More Workers to Save for Retirement
"The new budget . . . contains the Automatic IRA, which was developed by Brookings' Retirement Security Project in conjunction with The Heritage Foundation. This year's version includes an important change that will also encourage more employers to offer a 401(k) account to their workers." (The Brookings Institution)

[Opinion]
EREC Urges Agencies to Clarify That Proposed Rules Do Not Inadvertently Limit Employee Benefit Plans Use of Swap Transactions
ERIC submitted comments to the Commodity Futures Trading Commission and Securities and Exchange Commission on proposed rules defining 'major swap participant' and 'major security-based swap participant' under Dodd-Frank. (The ERISA Industry Committee)

[Opinion]
The Smaller the 401(k) Plan, the Bigger the Problems
"Smaller 401(k) plans are more likely to hire financial advisors with less of a background in retirement plans than larger 401(k) plans." (JD Supra, LLC)

[Guidance Overview]
Dodd-Frank Act Say-on-Pay: The SEC's Final Rules
"Because of the limited ability to avoid the separate say-on-parachutes vote by providing the Item 402(t) disclosure in a proxy statement that provides a say-on-pay vote, not many companies are expected to include the golden parachute compensation disclosure in annual meeting proxy statements." (The Bureau of National Affairs, Inc. via Ballard Spahr LLP)

PBGC Negotiates $3.7 Million Additional Pension Funding for Workers at Chicken of the Sea International
(Pension Benefit Guaranty Corporation (PBGC))

Morrow, Ohio-Based Third-Party Plan Administrator Pleads Guilty To Embezzlement Of $1 Million From Retirement Plan Clients
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

ERIC Urges Agencies to Clarify that Proposed Rules Do Not Inadvertently Limit Employee Benefit Plans Use of Swap Transactions
(ERIC (ERISA Industry Committee))

Humana To Offer Industry-Leading Vitality Wellness And Loyalty Program To Health Plan Members Through Joint Venture With South Africa’s Discovery Holdings Ltd.
(Humana)

Union Plan Is First To Be Certified For Fiduciary Excellence
(Centre for Fiduciary Excellence (CEFEX))

America Saves Week is a Time to Set Goals, Start Saving Automatically
(Certified Financial Planner Board of Standards, Inc.)

Motorola Solutions Improves Patient Care by Integrating Its TEAM Solution with Rauland-Borg’s Nurse Call System
(Motorola Solutions)

ASPPA

Director of Administration and Operations (Senior Management Position) in CA for Los Angeles Area Firm

Retirement Services Consultant in WI for CUNA Mutual

Relationship Manager in CA for New York Life -Retirement Plan Services

Operational Risk Consultant 4 in MN, NC for Wells Fargo & Company

Post Your Job on EmployeeBenefitsJobs.com

View All Jobs

RSS Feed: All Jobs

It's All About the Benjamins -- Fiduciary and Investment Responsibilities
in Georgia on March 17, 2011 presented by WEB (Worldwide Employee Benefit Network) Atlanta Chapter