DATAIR Employee Benefit Systems, Inc.

Part Time On Call Participant Counselor
for Diversified in CA, DC, FL, IL, MI, NC, NJ, NV, OH, OR, TX, WI

Retirement Plan Sales Consultant
for Sheakley in OH

Retirement Plan Education Specialist
for The Newport Group in NC

Fund Analyst
for Diversified in NY

Disability Process Management Analyst
for Prudential in AZ, ME, NJ, PA

Director, Retirement Key Account Management
for Prudential in CA

Operations Manager
for Charles Schwab in TX

Retirement Plan Manager
for Trust Company of Illinois in IL

Team Manager, Cash Operations - Retirement Business Services
for Charles Schwab in TX

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401(k)Rekon Advisor Symposium- Pittsburgh
in Pennsylvania on September 29, 2011 presented by 401(k) Rekon

Appeals and External Review for Self-Funded Health Plans: Where the Rules Stand Now
Nationwide on September 28, 2011 presented by EBIA / Thomson Reuters

Gateway St. Louis ASPPA Kick-off Meeting
in Missouri on September 7, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

IRS Employee Plans Compliance Unit Identifies New Employee Plans Compliance Projects
"[The IRS] identified three new compliance projects that are now within the focus of the Employee Plans Compliance Unit: plans that reported employer contributions on their Form 5500 series returns but show no participants, plans that reported being terminated on the Form 5500 series but show plan assets remaining, and plans that ceased filing the Form 5500 series but did not file the last form as 'final.'" (Deloitte via BenefitsLink.com)

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Disaster Relief Announcement 11–18 Relating to PBGC Deadlines in Response to Flooding in Nebraska
"[PBGC] is waiving certain penalties and extending certain deadlines in response to the flooding that occurred beginning on May 24, 2011, in Nebraska." (Pension Benefit Guaranty Corporation)

Disaster Relief Announcement 11–19 Relating to PBGC Deadlines in Response to Flooding in Missouri
"[PBGC] is waiving certain penalties and extending certain deadlines in response to the flooding that occurred beginning on June 11, 2011, in Missouri." (Pension Benefit Guaranty Corporation)

Disaster Relief Announcement 11–20 Relating to PBGC Deadlines in Response to Flooding in South Dakota
"[The PBGC] is waiving certain penalties and extending certain deadlines in response to the flooding that occurred beginning on March 11, 2011, in South Dakota." (Pension Benefit Guaranty Corporation)

PBGC Announces September 2011 Interest Rates and Factors
"The rate to be used by the PBGC in valuing lump-sum benefits under single-employer or multiemployer plans for valuation dates on or after September 1, 2011 will be 2.25%, which is the same as the August 2011 rate." (Wolters Kluwer Law & Business / CCH)

Colorado and Minnesota Courts Dismiss Lawsuits over Reductions in Retiree COLAs (PDF)
See page 5. 'On June 29, 2011, in two separate rulings, Colorado and Minnesota state judges dismissed lawsuits filed by retired public employees who challenged recent state legislation to reduce their retirement benefits." (Gabriel, Roeder, Smith & Company)

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula (PDF)
"With greater growth in women's earnings, the aim of the study is to see whether, after the recent growth in two earner households, and the growth in women's labor market activity and earnings, the Social Security system now fosters somewhat more redistribution from high to low earning households." (University of Michigan Retirement Research Center)

The Importance of Defined Benefit Plans for Retirement Income Adequacy (PDF)
"The defined benefit plan advantage . . . is particularly valuable for the lowest-income quartile but also has a strong impact on the middle class . . . ." (Employee Benefit Research Institute)

Few Participants Taking Advantage of Investment Advice Offers, Mercer Finds
"Among the 44% of respondents who offer investment advice, 68% indicated that 10% or less of their participants actually enrolled in the investment advice program." (Wolters Kluwer Law & Business / CCH)

The Prudence Standard: Affiliated Products and Services (PDF)
"This White Paper analyzes why offering one or more affiliated funds is not a prohibited conflict of interest or transaction and discusses the way in which the fiduciary rules under ERISA and similar state laws apply to the fiduciary decision to offer such funds. This White Paper also identifies the issues and factors that fiduciaries should consider when evaluating affiliated products and services." (Drinker Biddle & Reath LLP)

Quarterly Summary of the Finances of Selected State and Local Government Employee Retirement Systems (PDF)
"For the 100 largest public-employee retirement systems in the country, total holdings and investments were up three consecutive quarters in the first quarter of 2011, reaching the highest level since the second quarter of 2008." (U.S. Bureau of the Census)

PBGC, DOL and IRS Publish Plans to Reduce Administrative/Regulatory Burdens
"Regulators will review various retirement plan rules as part of a broader effort to reduce administrative burdens. . . . DOL will expand streamlined procedures for terminating abandoned 401(k)-type plans to cover businesses in liquidation. The IRS will focus on facilitating lifetime-income options in qualified plans and letting financially distressed employers suspend 401(k) safe-harbor contributions." (Mercer LLC)

Proposed Fiduciary Rules for Public Plan Advisors Submitted to SEC
"'Municipal advisors' to public pension funds and other municipal entities would be subject to new fiduciary standards under proposed guidance the Municipal Securities Rulemaking Board has filed with the SEC." (Mercer LLC)

Benefit Plan Filings Among Those Affected by IRS Proof-of-Delivery Rules
"Tax filings made using US registered or certified mail or an approved private delivery service (PDS) will be presumed delivered, according to final IRS rules. Only use of these methods will establish a 'presumption of delivery' for tax filings, including benefit-related filings such as Form 8955-SSA, 5300, 990-T or 8928." (Mercer LLC)

Early Retirement Plan with Age-55 Window Violates ADEA, Appeals Court Says
"A bargained pension plan requiring employees to retire on their 55th birthday to receive retiree health incentives was 'facially discriminatory' under [ADEA] . . . . By using age as the sole basis for denying eligibility, the plan failed to satisfy a safe harbor for voluntary retirement incentive plans consistent with the ADEA's purposes." (Mercer LLC)

National Institute on Retirement Security Testimony at Hearing Titled: 'The Power of Pensions: Building a Strong Middle Class and Strong Economy' (PDF)
The hearing witness shares research regarding defined benefit pensions, focusing on pension trends, how pensions fuel the American economy, how pensions ensure Americans can be self-reliant in retirement, and the economic efficiencies of pensions. (U.S. Senate Committee on Health, Education, Labor and Pensions)

Risk and the 401k Investor: How Plan Sponsors Can Avoid Misleading Employees
"Here are three easy practices an ERISA plan fiduciary can implement to avoid Myopic Loss Aversion, one of the common investing mistakes identified by researchers in the field of behavioral finance: Avoid daily, monthly or quarterly reviews of your portfolio's performance. Review investments at most annually. In this annual review, don't focus on yearly performance numbers, and, if possible, look at performance over the last three years or, preferably, the last five years." (Fiduciary News)

Employee Benefits Developments, August 2011
Various rulings, opinions, and cases are summarized. (Hodgson Russ LLP)

ExpertPlan, Inc. Ranks No. 1913 on the 2011 Inc. 500|5000 with Three-Year Sales Growth of 135%
(ExpertPlan)

Offering Affiliated Funds Can Be Prudent For Fiduciaries Of Retirement Plans, Noted ERISA Attorney Concludes
(Great-West Retirement Services)

ERISA Resource: New Nationwide Financial Website Offers Access to ERISA Attorneys, Regulatory Education
(Nationwide Financial)

Integrated Benefits Institute Study Indicates Lost-time Benefits Programs Remain Stable In Spite of Economy
(Integrated Benefits Institute)

Expanding Client Relationships Drive Growth for Mercer’s US Outsourcing Business
(Mercer)

401kDIRECT Introduces Open Multiple Employer Plan
(401kDIRECT)

The Vitality Group Retains Health Benefits Expert Tom Lerche as Senior Vice President
(The Vitality Group)

Jonathan Dugas Joins The Vitality Group as Director of Clinical Development
(The Vitality Group)

myStockOptions.com Expands Content on Stock Price Volatility To Help Investors And Stock Plan Participants
(myStockPlan.com, Inc)

TEXPERS Study: Defined Benefit Plans are Cost-Effective for Texas Public Employees
(Texas Association of Public Employee Retirement Systems (TEXPERS))

GlobalBridge Teams with Provident Trust Group to Integrate Life Settlements Into Traditional Retirement Portfolios
(GlobalBridge Inc.)

First American Financial Recognized as Fit-Friendly Company by the American Heart Association
(First American Financial Corporation)