statistics counter
To EmployeeBenefitsJobs.com To BenefitsLink home page

BenefitsLink Retirement Plans Newsletter

July 6, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

401(k) & Vendor Relations Manager
for Sonepar USA in SC

Director of Marketing
for Diversified in ANY STATE

Client Management Consultant
for CAPTRUST Financial Advisors in NC

Relationship Manager
for Prudential in IA

Director, Client Services
for Prudential in IA

Director, Retirement Key Account Management
for Prudential in IL

Post Your Job on EmployeeBenefitsJobs.com

View All Jobs

RSS feed for jobs RSS Feed: All Jobs


Webcasts and Conferences

401(k)Rekon Advisor Symposium-Portland
in Oregon on August 2, 2011 presented by 401k Rekon

ACOPA Actuarial Symposium
in Massachusetts on August 12, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Dealing with Directed Investments, 404(c) Compliance and Participant Fee Disclosure Webcast
Nationwide on July 21, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)


We also publish the BenefitsLink Health & Welfare Plans Newsletter (free): Subscribe

[Guidance Overview]
Options for Filing 2010 Form 8955-SSA
"The 2010 form also reports: Individuals whose benefits were transferred in 2010 from another plan into the reporting plan, and Individuals whose benefits ceased to be payable by the reporting plan during 2010 (e.g., individuals who received a distribution of their entire vested benefits in 2010)." (SunGard Relius)


DATAIR Defined Contribution Plan Software   [Advert.]

Sponsored by DATAIR Employee Benefit Systems, Inc.

Software for proposals, compliance testing, statements and periodic administration for "DC" plans. System handles 401(k), Profit Sharing (including Cross Testing), 403(b), ESOP, and NQ plans. Cost-effective PC-based system for TPAs and consultants.


[Guidance Overview]
FBAR Filing Deadline for Extensions for Certain Individuals With Signature Authority
"[A] chart summarizes the FBAR filing deadlines as modified by FinCEN Notice 2011–1, IRS Notice 2011–54, and FinCEN Notice 2011–2." (McDermott Will & Emery)

An Update on Locally-Administered Pension Plans
"The first section describes our sample of 97 locally-administered plans from 40 states, which was collected initially in 2006 and updated to 2010 for this brief." (Center for Retirement Research at Boston College)

Defined-Contribution Plan Investment Choices (PDF)
"This issue contains some newly published [National Compensation Survey] data on investment choices in savings and thrift defined contribution retirement plans." (U.S. Bureau of Labor Statistics)


Wolters Kluwer Law & Business brings you ftwPortal Express!   [Advert.]

Sponsored by ftwilliam.com

ftwPortal Express, a new member of the ftwilliam.com suite of products, will streamline the document/form collection/dissemination process and provide a secure means to communicate confidential information with clients. Ask us about a demo.


The ERISA Litigation Newsletter, July 1, 2011
"[W]e provide an update on the developing law regarding the 'fiduciary exception' to attorney-client privilege and the work product doctrine. . . . We also highlight a U.S. Supreme Court decision . . . which held that the Federal Arbitration Act preempts a state law prohibiting waivers of class arbitration. The article discusses the decision's potential implications for employee benefits practitioners." (Proskauer Rose LLP)

Public Workers Flooded DROP As Pension Changes Took Effect
"DROP allows employees to essentially retire and then work for another five years. Instead of giving the employee new retirement benefits, the state pays interest on the pension benefits already accrued. Because of the changes approved by the Legislature, the amount of interest will change from 6.5 percent to 1.3 percent for any member whose DROP is effective on or after July 1, 2011." (Orlando Sentinel)

[Opinion]
ASPPA Comments Requesting Extension of Certain Elements of Good Faith Compliance Provided in DOL's FAQ on Schedule C to Form 5500
"ASPPA recommends that DOL extend FAQ 40 and Supplemental FAQ 10 for 2010 plan year filings, and for any future plan year filing that may include periods during the plan year that precede the effective date of the final ERISA section 408(b)(2) regulation." (American Society of Pension Professionals & Actuaries)

[Opinion]
Myths and Facts: PBGC Deficit and Premium Proposals (PDF)
"Fact: The argument that premiums should be increased to close a deficit for which current plan sponsors of defined benefit pension plans are responsible is flawed. It ignores the fact that the alleged deficit . . . primarily includes amounts to be paid by the PBGC resulting from its takeover of underfunded plans terminated in the past by employers who either no longer exist or, if they are still in business, no longer sponsor a pension plan." (American Benefits Council)

[Opinion]
American Benefits Council Letter to Congress Regarding PBGC Premium Proposal (PDF)
"The premium increase is based upon flawed assumptions about a PBGC deficit that Congress has not evaluated. We are confident that once Congress examines the agency's financial status and the methodology PBGC uses to determine its surplus/deficit, Congress will share the concerns of PBGC's customers—employer sponsors of pension plans. [The Senate version of the letter is at http://www.americanbenefitscouncil.org/documents/pbgc-premium_council-ltr_senate070511.pdf.]" (American Benefits Council)

Benefits in General; Executive Compensation

[Guidance Overview]
Clarifications Proposed to Mil.lion Dollar Compensation Deduction Limit
"Apparently in response to taxpayer confusion over the scope of the transition rule, the proposed regulations explicitly state that the special rule for compensation received after the end of the transition period only applies to stock options, stock appreciation rights and restricted stock (if granted during the transition period)." (McGuire Woods)

Press Releases



BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
Phone (407) 644-4146
Fax (407) 644-2151

Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Lois Baker, J.D., President
Holly Horton, Business Manager

Copyright © 2011 BenefitsLink.com, Inc. All rights reserved.
All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of that content. You may not alter or remove any trademark, copyright or other notice from copies of the content.
Links to Web sites other than those owned by BenefitsLink.com, Inc. are offered as a service to readers. The editorial staff of BenefitsLink.com, Inc. was not involved in their production and is not responsible for their content.

More useful links: