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The IRS in Your Backyard! (advert.)
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.
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[Guidance Overview]
It Is Time Again for Firms to Consider Hybrid Plans, Such As Cash Balance Plans? (PDF)
"Sometime, probably late in the summer or early in the fall, Treasury will issue final regulations with respect to the 2010 proposed regulations and with respect to as many of the 2010 questions as they feel they can address within the constraints of the administrative process."
(Law Firm Partnership & Benefits Report via Buck Consultants)
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[Guidance Overview]
Mixed Ruling in Suit Over AIG Employees' Pension Losses
"While [the judge] dismissed some allegations in the lawsuit, other charges she refused to dismiss include misrepresentation or omission to plan participants, duty of prudence and duty to monitor, among others."
(Business Insurance)
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Target-Date Debate Shifts to Postretirement Allocation Changes
"In a nuanced shift in the 'to versus through' debate over target-date funds (TDFs), the focus has moved to how asset allocation should change after a fund passes its retirement date, from the previous discussion about whether equities should continue to play a significant role in investors' allocations after retirement."
(The Vanguard Group, Inc.)
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NAGDCA 2011 Survey of DC Plans (PDF)
"[A]ccording to NAGDCA, as of December 31, 2010, the average participant account balance for the responding state and local government plans was $41,243 . . . ."
(National Association of Government Defined Contribution Administrators, Inc.)
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Funded Ratios for States' Pensions Continue to Weaken
"The funded ratio--which measures the value of assets against accrued liabilities--was 75% in fiscal 2009, the latest year for which complete data are available, down from 80% in fiscal 2008, S&P said."
(Dow Jones & Company, Inc. via Morningstar, Inc.)
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[Opinion]
Full 401(k) Disclosure Has Been Long Overdue
"Just so you know, a high-performance 401(k) plan costing participants just a half-percent per year, with a smattering of index funds, will outperform popular financial industry offerings by 2 percent or more per year on a weighted average basis."
(Bay Area News Group via Contra Costa Times)
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Benefits in General; Executive Compensation
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Academic Study Dispels Foolish Notions on Compensation
"Contrary to previous studies, which attempt to relate certain executive compensation practices to the creation of shareholder value, this work demonstrates beyond reproach the true elements of shareholder value creation."
(Michael S. Melbinger via Winston & Strawn LLP)
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Celebrate Financial Literacy Month
"April marks the beginning of Financial Literacy Month, a time during the year when we can all take a few minutes to brush up on our financial knowledge to make the most of our money."
(WISER)
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Press Releases
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