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Western Benefits Conference 2011 [Advert.]

Featuring groundbreaking sessions for plan sponsors, attorneys, consultants, health & welfare professionals, actuaries, investment advisors and TPAs, the WP&BC and ASPPA present the Western Benefits Conference July 24-27 at the Bellagio in Las Vegas.
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[Guidance Overview]
IRS Retirement Plan Disqualification
"In two recent cases -- Michael C. Hollen v. Commissioner and Christy & Swan Profit Sharing Plan v. Commissioner -- the U.S. Tax Court upheld the [IRS] disqualification of a retirement plan because of plan document and operational failures."
(Towers Watson)
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[Guidance Overview]
IRS Releases Draft 2009 Form 8955-SSA
"The draft Form 8955-SSA, the Social Security Administration's ERISA Form 8955-SSA 2-D Barcode Standards, IRS Announcement 2011-21 . . . and Frequently Asked Questions Regarding Form 8955-SSA are all accessible on the IRS website's Form 8955-SSA Resources screen."
(Wolters Kluwer Law & Business)
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Long-Term Investors Looking Into Wider Acceptance of ETFs in 401(k)s
"ETFs, toted for their low expenses and broad market coverage, have become glaring omissions from 401(k) plans. Most employees are restricted to actively managed mutual funds that have higher costs and potentially heavier weightings in select stocks."
(Global Trends Investments)
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Do Commodities Fit in Your 401(k)?
"In the latest, but potentially risky, move to fight inflation, some of the nation's largest 401(k) providers are adding commodities funds and other alternative assets to normally play-it-safe retirement plans."
(Dow Jones & Company, Inc.)
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Advisers Are Ahead of the Game on DOL Rule Compliance
"When coming up with compliance strategies, service providers might be confounded by the fact that some of the regulations are related and have to be considered together."
(Investment News; free registration required)
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The Annuity Puzzle/Gamble/Uncertainty
"[People with defined-contribution plans like 401(k)s] can transform their uncertainty into a guaranteed monthly income stream that mirrors the payouts of a traditional pension plan. They can do so by buying an annuity -- but when offered the chance, nearly everyone declines. Economists call this the 'annuity puzzle.'"
(The New York Times; free registration required)
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Revealing Excessive 401(k) Fees
"Until your new and improved account statement arrives, you can check to see if BrightScope has graded your 401(k) or 403(b) plan."
(The New York Times; free registration required)
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Retirement Plan Finances for Surviving Spouse
"New surveys show that women continue to trail men when planning for retirement. That makes it all the more important for most married couples to make retirement-planning decisions with the goal of leaving the spouse with greater longevity -- typically, the wife -- in good shape financially after the other dies."
(The Wall Street Journal)
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Retirement Funding Expectations Changed for Younger Generations
"Current retirees are more likely to depend on employer-sponsored pensions and Social Security, while future retirees expect to rely on their own savings. Nearly two in three (65%) of the non-retired say the 401(k) will be a major source of retirement funding for them, compared to 37% of the retired."
(PLANSPONSOR.COM)
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CalSTRS Backs Bill Limiting Pension Spiking
"According to a CalSTRS press release, the measure . . . would change the types of compensation that are credited to the CalSTRS and CalPERS defined benefit programs, in order to curtail the what was described as the 'inappropriate inflation in retirement benefits', known as pension spiking."
(PLANSPONSOR.COM)
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$100,000 Pension 'Club' of Public Retirees in California Is Growing
"Almost 9,000 retirees in the California Public Employees' Retirement System receive at least $100,000 in annual benefits, more than quadruple the number getting that much during 2005, according to a review of CalPERS data. Collectively, these pensioners will receive about $1.1 bil.lion in benefits this year."
(Santa Cruz Sentinel)
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[Opinion]
Social Security's Finances: Past and Future
"Given our current budgetary constraints, one way of shoring up Social Security's finances -- which could be part of the reform package I proposed earlier this week -- is to give poorer seniors a greater share of what they earned as workers while suspending the replacement concept for higher earners."
(Bloomberg LLP)
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Press Releases
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