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BenefitsLink Retirement Plans Newsletter

July 7, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Education Consultant
for AXA Equitable in CA, TX

Retirement Communications Specialist
for CBIZ Benefits & Insurance Services, Inc. in MD

Director of Benefits Administration
for NRECA (National Rural Electric Association) in NE

Attorney - Pension Regulation
for Investment Company Institute in DC

Program Analysis Officer (NAF Retirement Programs Administrator)
for Commander Navy Installations Command (CNIC) in TN

Plan Account Manager
for Benefit Consultants Group in NJ

Regional Director
for Denver Compensation & Benefits, LLC in ANY STATE

VP, Partner Optimization & Development (Eastern Region)
for Prudential in CT

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Webcasts and Conferences

"Multiple Employer Plans: Perils and Possibilities" Web Seminar, An Encore Presentation
Nationwide on August 4, 2011 presented by SunGard Relius

"Participant Fee Disclosure: After the Modification" Web Seminar
Nationwide on July 19, 2011 presented by SunGard Relius

"The Service Provider Fee Regs: Who, What, Why, When" Web Seminar
Nationwide on July 21, 2011 presented by SunGard Relius

Accept The Challenge! Why and How Employers Can Transform Health Care
Nationwide on July 26, 2011 presented by University Conference Services

Best Practice Perspectives to Guide Your Wellness Program
Nationwide on July 21, 2011 presented by University Conference Services


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[Guidance Overview]
Form 8955-SSA is Now Available and the Deadline Has Been Extended
"This form is the successor to the Schedule SSA to the Form 5500 [and] is used to report information about separated participants with deferred vested benefits under the plan. A summary of the key provisions and the applicable filing deadline is set forth in the attached memo." (Groom Law Group)


Advance Your Career with ASPPA this Fall   [Advert.]

Sponsored by ASPPA

Whether working towards an ASPPA credential or just growing knowledge in specific areas, ASPPA exams offer CPE credits (valid for ASPPA, JBEA and ERPA). Proctored exam window is open November 1 to December 14 - register early and have time to prepare.


How Much Might Automatic IRAs Improve Retirement Security for Low- and Moderate-Wage Workers?
"This brief examines the potential of automatic IRAs to improve retirement security for low- and moderate-wage workers. The results, based on the Urban Institute's microsimulation model, show that automatic IRAs can significantly increase retirement plan coverage and economic security for low-income retirees, at little cost to business or the federal government." (Urban Institute)

The 10 Top-Rated 401(k) Plans
"Generous employer matches, broad and often imaginative investment choices, and low fees are the common attributes of the nation's most attractive 401(k) plans, according to rankings from BrightScope, a firm that tracks the performance of more than 50,000 retirement plans which it says contain 90 percent of all retirement plan assets." (U.S. News & World Report)

A Discussion Regarding Fiduciary Roles Played by Plan Sponsors and Outside Advisors (PDF)
PIMCO interviews David Levine of Groom Law Group on how plan sponsors and outside advisors attempt to manage their litigation risk. (PIMCO)

EBSA Web Page on Definition of the Term 'Fiduciary' Proposed Rule
The web page provides links to comments and interviews by Assistant Secretary Phyllis C. Borzi, public hearing written testimony, and other public comments submitted on the proposed rule. (U.S. Employee Benefits Security Administration)


Participant Advice, Retirement Income & New Growth Strategies   [Advert.]

Sponsored by CFDD (The Center for Due Diligence)

CFDD í11, Participant Advice, Retirement Income & New Growth Strategies, is the premier education and networking event for the retirement plans advisory industry. Unmatched Advisor Attendance, Content & Value. Register Now & Win A Trip To LasVegas!


401(k) Law Suppresses Saving for Retirement
"[A]n analysis done for The Wall Street Journal shows about 40% of new hires at companies with automatic enrollments are socking away less money than they would if left to enroll voluntarily . . . ." (The Wall Street Journal)

Fresno Pension Plan Could Cost Taxpayers Millions
"[The city manager] said retirees are getting guaranteed high interest rates on their DROP investment accounts, even though the investments themselves are barely breaking even. The city's general fund . . . is making up the difference, to the detriment of a City Hall that has reduced services and laid off hundreds of people during a long budget crisis." (The Fresno Bee)

Regulations Will Squeeze Profits of DC Plan Providers
"The study findings are based on [Financial Research Corporation]'s assessment of the five major trends and four major strategic issues affecting the DC industry. The report provides outlooks and key takeaways regarding these trends for asset managers, advisers and recordkeepers. The report focuses primarily on 401(k) plans, but also includes selective coverage of 403(b) plans." (PLANSPONSOR.COM)

Ways and Means Holds Hearing on 'Public Employee Pension Transparency Act' Bill; New CBO Report Complicates Matters
"The hearing is significant because this Committee—unlike the others which have held hearings to date—has legislative jurisdiction over the Nunes bill, and could actually send it to the floor of the House for a vote." (National Council on Teacher Retirement)

Too Many Choices Impair 401(k) Investment Decisions
"The study released on June 30 . . . examines this paradox of choice, which found that the more fund options an employee has to choose from, the more it deters a person from enrolling in a plan." (Employee Benefits News; free registration required)

Momentum Builds to Place IRAs Under Fiduciary Umbrella
"Currently, IRA advisers are not required to be fiduciaries. Coincidentally, the DOL does not require all 401k advisers to act as fiduciaries. The difference in the 401k environment, however, is regardless of the status of the adviser, the Plan Sponsor must act as a fiduciary. Therefore, ex-employees who leave their assets in a 401k plan are guaranteed of having at least one fiduciary looking out for them." (Fiduciary News)

[Opinion]
The Legality of Public Pension Reform
"Many states have been passing pension reform laws. . . . A few states, however, have been enacting more ambitious legislation, touching not only current workers but even occasionally the benefits given to people who are retired right now. Colorado and Minnesota are prime examples: in both states, the legislatures reduced the cost-of-living adjustments that were being given to current retirees." (PrawfsBlawg)

Benefits in General; Executive Compensation

Economy Hurts Employee Benefits in Three-Quarters of Firms
"Seventy-seven percent of surveyed human resource professionals said in 2011 that the economy negatively affected benefits to some or to a large extent, an increase from 72% in 2010, SHRM's 2011 Employee Benefits Research Report showed." (Wolters Kluwer Law & Business)

The Perk Bubble Is Growing as Tech Booms Again
"Some Web start-ups are partying like it's 1999. . . . Companies say the fierce competition for talent among start-ups has necessitated extraordinary perks meant to attract and retain employees." (The Wall Street Journal)

Press Releases



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

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