DATAIR Employee Benefit Systems, Inc.

Distribution Manager
for Heintzberger - Payne in OR

Vice President - Retirement Plan Services
for First National Bank of Omaha in NE

Supervisor, Policy Administration
for The Newport Group in FL

Account Executive Director - Retirement Services
for Principal Financial Group in KS

Sr. Retirement Plan Marketing Specialist
for Stifel, Nicolaus & Company, Inc. in MO

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Fee Disclosure and Conflicts of Interest for ERISA 403(b) Plan Service Providers Webcast
Nationwide on August 11, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Voluntary Fiduciary Correction Programs Workshop
in Illinois on August 16, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Haste Does Not Always Make Waste: A Summary of EPCRS Retirement Plan Error Correction Programs
"In most cases, timely correction of a failure will cost you less money and less bureaucratic hassle because the longer you wait, the more complicated the IRS correction program you will need to use." (Chang Ruthenberg & Long)

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 2 min video.

The DOL and Certain Recurring ESOP Violations: If They've Seen It Once, They've Seen It—a Lot!
"There are several recurring ERISA violations regarding Employee Stock Ownership Plans (ESOPs) often cited by the U.S. Department of Labor (DOL) in its field investigations. This article discusses a few of the most common and how to avoid them." (Chang Ruthenberg & Long)

IRS Issues Long-Awaited Guidance on Reporting Deferred Vested Retirement Benefits; Postpones 2009 And 2010 Plan Year Filing Deadlines
"Initial steps [needed to be taken by retirement plan administrators] include: * Identifying who will be responsible for filing the Form 8955-SSA; * Deciding whether to file a combined 2009/2010 Form 8955-SSA, or to file for the 2009 and 2010 plan years separately; * Determining whether the Form will be filed on paper or electronically . . . ." (The Segal Company)

Transamerica Study Finds Rising Employer Optimism and Renewed Commitment to Retirement Benefits (PDF)
52 pages. 'The 12th Annual Transamerica Retirement Survey found that for the first time since the recession began, rising employer confidence is accompanied by an increase in enhancements to retirement benefits as well as reinstatement of benefits that had been suspended. . . . [S]mall employers continue to struggle to provide retirement benefits and educational tools to their employees in comparison to their larger counterparts." (Transamerica Center for Retirement Studies)

Implications of Some Deficit Reduction Proposals for Retirement Savings
"[M]ost of the proposed reforms would lead to higher retirement savings." (Social Science Research Network)

Capping Tax-Preferred Retirement Contributions: Preliminary Evidence of The Impact of The National Commission on Fiscal Responsibility and Reform Recommendations
"Among the debt-reduction recommendations . . . is a proposal to cap annual 'tax-preferred contributions to [the] lower of $20,000 or 20% of income' for 401(k)-type retirement plans. [EBRI finds] that the highest-income quartile within each age cohort would see the largest average percentage reduction in projected balances at retirement. However, for each age cohort other than the oldest one, the lowest-income quartile would see the second-highest average percentage reductions." (Employee Benefit Research Institute (EBRI))

Why Most People Pick The Wrong Funds for Their 401(k) And What You Can Do About It
"[I]nvestors end up buying funds when they're priced relatively high and selling when they're priced relatively low, the opposite of what we want to do." (Forbes)

Central Falls, R.I., Faces Bankrup.tcy Over Pension Promises
"The impoverished city, operating under a receiver for a year, has promised $80 mil.lion worth of retirement benefits to 214 police officers and firefighters, far more than it can afford. Those workers' pension fund will probably run out of money in October. . . ." (New York Times; free registration required)

California Pension Proposal Seeks to Hike Employee Contributions
"Senate Constitutional Amendment 13 would mandate, among other things, that California state and local government workers pay 5 percent more of their salaries toward their retirements if their pension fund's assets equal less than 90 percent of promised payments." (Sacramento Bee)

California 403(b)/457(b) Information Portal Goes Live
More than 100 school districts are included. (California State Teachers' Retirement System)

What's Next for Florida Pension Reform?
"Florida TaxWatch has called for . . . a contribution by public sector employees to their own pensions, as every other state in the nation has done." (Miami Herald)

Risk Reduction Seen As Result of Revised IASB Rule
"The revision will mean companies under the international standards no longer will get a boost in their corporate earnings from pension plan investment gains, or a decrease from investment losses." (Pensions & Investments)

Columbia Business School And Chicago Booth School Study Finds Too Many 401(k) Options Lowers Participation Rates
"[A]ccording to a new study co-authored by Columbia Business School and University of Chicago Booth School of Business . . . . the more fund options an employee has to choose from, the more it deters a person from enrolling in a plan." (Financial Planning)

On 401(k) Plans, The Less Choice The Better
"Professors Julie Agnew and Lisa Szykman, of the College of William and Mary, conducted a study of employees grouped according to those who were less knowledgeable about investing and those who were more knowledgeable. The study found that when the number of fund choices increased, both groups were more likely to fall back on a default option." (Washington Post; free registration required)

Who Benefits from Income Riders on Annuity Contracts? (PDF)
"Regrettably, unsuspecting annuity buyers are still left with the belief that they're 'earning 7%, guaranteed for life.' This is a completely erroneous, yet widespread misunderstanding of the rider." (403bWise.com; article authored by James Lynch of 1st American Pension Services, Inc.)

IRS Issues Proposed Rules on Performance-Based Pay
"[S]ince the IRS views these rules as a clarification of requirements already in effect, there would seem to be little reason to wait until the issuance of final regulations before making changes to a plan." (Dinsmore & Shohl LLP)

ERISA Prohibited Transaction Exemptions Not Subject to Dodd-Frank Credit Rating Reviews
"Individual prohibited transaction exemptions (PTEs) with credit-rating conditions will remain in force despite the Dodd-Frank Act, according to an online FAQ from the Department of Labor (DOL)" (Mercer Select)

A $108,000 Pension for Lifeguards?
"Lionized—and trivialized—by movies and TV shows, especially the long-running 'Baywatch,' they too have been hit by the tsunami against public employees with six-figure paychecks and pensions." (MSN Money)

Capping Tax-Preferred 401(k) Contributions Would Hurt Both Highest- and Lowest-Income Workers
(Employee Benefit Research Institute (EBRI))

NCPA Commends Inclusion of PBM Transparency Provision in Proposed Rule for Health Insurance Exchanges
(National Community Pharmacists Association (NCPA))

Evolution Benefits™ and Lighthouse1 Complete Merger, Create Evolution1 Partnership
(Evolution1)