DATAIR Employee Benefit Systems, Inc.

Plan Administrator
for Professional Capital Services in PA

Pension Consultant/Administrator
for IPA Northeast, LLC in NJ

Retirement Education Specialist
for MassMutual in CA

Relationship Manager
for MassMutual Financial Group in ANY STATE

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Investment Advisors Compliance Forum
in Massachusetts on November 30, 2011 presented by marcus evans

The Modern 401(k) Plan: Improving Participant Retirement Outcomes Through Automated Plan Designs
in California on September 20, 2011 presented by No. Calif. Chapter of Certified Employee Benefits Specialists (ISCEBS)

DOL Sues Trustees Over 194 ERISA Plan Loan Violations
"The suit seeks to recover all assets that may be available under the law, which amount to more than $1 mil.lion. It also seeks to require [the trustees] to correct the prohibited transactions in which they engaged and to restore to the fund any losses, including lost opportunity costs, resulting from their fiduciary breaches." (PLANSPONSOR.COM)

The biggest event of the year!   [Advert.]

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GAO Testimony: Defined Benefit Pension Plans Face Challenges When Investing in Hedge Funds and Private Equity
Testimony given August 31, 2011, before DOL's Advisory Council on Employee Welfare and Pension Benefit Plans. 'This statement addresses (1) what is known about the extent to which defined benefit plans have invested in hedge funds and private equity, (2) challenges that such plans face in investing in hedge funds and private equity, (3) steps that plan sponsors can take to address these challenges, and (4) the implications of these challenges for plan sponsors and the federal government." (U.S. Government Accountability Office)

State Employees Say 401 (k) Plan Won't Save Kansas Public Employees Retirement System
"A 401(k)-style defined contribution plan fails to keep the state's promises to employees who have made their contributions in full and on time—indeed, without any choice in the matter—say leaders of the Coalition for Keeping the Kansas Promise, and would cripple KPERS' ability to pay benefits to 280,000 contributing members and current retirees." (The Pratt Tribune)

Current Issues in the Design and Operation of Defined Contribution Plans
"[T]here is a strong feeling that enhanced disclosure will lead to better investment choices by plan participants and more informed decision making by plan fiduciaries when they select service providers." (Patterson Belknap Webb & Tyler LLP)

EPCU Exam Priorities Include 403(b) Plans, Form 5500 Returns, ROBS Plans, Int'l Compliance
"The EPCU's Qualifying Employer Securities Project contacted plan sponsors who reported over 10% of their plan's net assets were invested in employer securities. The EPCU found in 32% of over 150 cases closed to date that the stock is not being valued at fair market value, especially in non-publicly traded companies sponsoring small plans and Rollovers as Business Start-Ups (ROBS) plans." (Wolters Kluwer Law & Business / CCH)

401(k) Fees Expected to be an Eye-Opener for Participants and Sponsors
"401(k) investors and sponsors are likely to stand up and take notice of the fees that will be clearly presented to them in April, particularly the fact that investors pay most of the administration fees. These administration fees, or expense ratios, cover not just fund management but also recordkeeping, auditing and broker commissions." (Financial Planning and SourceMedia, Inc.)

Employers Weigh Adding Inflation Protection to 401(k) Plans
"According to research conducted by the Institutional Retirement Income Council (IRIC), many companies do not offer retirement income products, such as annuity purchase, as part of their 401(k) plans because of concerns about adverse employee reaction and their own inexperience when it comes to evaluating these products." (Penton Media, Inc.)

ASPPA Letter on Statement in 2011 Gray Book that conflicts with Internal Revenue Code Section 412(d)(2)
"[The IRS] has made a statement in the 2011 Gray Book that is in conflict with the clear intent of this provision of the law and runs counter to decades of interpretation and practice with regard to this provision. . . . Plan sponsors rely on the ability to amend a plan to increase benefits within 2 ½ months after the end of the year, make an election to treat the amendment as adopted on the first day of the prior year for purposes of funding calculation, and deduct contributions based on the resulting increased funding requirements." (American Society of Pension Professionals & Actuaries)

Benefits Programs Remain Stable Despite Poor Economy
"A new study of employers conducted by the Integrated Benefits Institute (IBI) indicates the key aspects of loss-time benefits programs have remained stable during the harsh economic times U.S. businesses have been facing." (PLANSPONSOR.COM)

How Long to Retain ERISA Plan Records? Forever
"Remember: the retention obligation is the employer's responsibility. It is the employer who must ensure that any records produced outside are nonetheless preserved for ERISA purposes." (Constangy, Brooks & Smith, LLP)

N.J. Public Workers and Unions Sue to Stop Pension and Benefits Overhaul
"The suit challenges several aspects of the new bill . . . including the suspension of cost of living adjustments until the fund is 80 percent financed, which is estimated to take 30 years. The unions say employees and retirees have 'non-forfeitable rights' to the adjustments." (New Jersey On-Line LLC)

Defined Benefit Retirement Plans Especially Valuable to Low- and Middle-Income Workers
(Employee Benefit Research Institute (EBRI))

Ascensus Appoints Three New Regional Vice Presidents
(Ascensus)

CUNA Mutual Debuts Online 401k Platform
(CUNA Mutual Group)

Evive Health Offers Employers Five Tips to Increase Health and Wellness Engagement Among Aging Workers During Healthy Aging Month in September
(Evive Health)

Unified Group Services Selects change:healthcare Cost Transparency Solution
(change:healthcare)