To EmployeeBenefitsJobs.com To BenefitsLink home page

BenefitsLink Health & Welfare Plans Newsletter

September 16, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search
Tell us what you think!
Take a short survey
-- help us to improve the newsletters for you!

Employee Benefits Jobs

Third Party Administrator
for Jones & Roth, PC in OR

Manager, Client Transition
for Prudential in IA

Director, Pension Administration
for Pension Consultants in CT

Post Your Job on EmployeeBenefitsJobs.com

View All Jobs

RSS feed for jobs RSS Feed: All Jobs


Webcasts and Conferences

Complying with New Regulations for TPAs and Financial Advisors
in California on November 9, 2011 presented by San Diego County Chapter of NIPA

JBEA Regulations and Qualification Standards Webcast
Nationwide on October 6, 2011 presented by American Society of Pension Professionals & Actuaries (ASPPA)


We also publish the BenefitsLink Retirement Plans Newsletter (free): Subscribe

Chicago Tells City Workers: Join Wellness Program or Pay $50 a Month More
"After a standoff on work-rule changes, Mayor Rahm Emanuel has forged an agreement with city unions on a plan to use what he has called the 'carrot-and-stick approach' to drive down the city's $500 mil.lion-a-year health care costs by as much as $240 mil.lion over four years." (Sun-Times Media, LLC)


People Focus + Solid Strategy = Business Results   [Advert.]

Sponsored by HighRoads

In our current world of ACA legislation, mandated documentation, and push to save money – does your benefits communication strategy remain solid? Get the tools you need to leverage requirements and your relationship with your employees. Register now!


2012 Segal Health Plan Cost Trend Survey (PDF)
"For 2012, medical and prescription drug plan cost trend rates are projected to decline from 2011 levels, according to forecasts compiled in the 2012 . . . Cost Trend Survey, the fifteenth annual survey of managed care organizations, health insurers, pharmacy benefit managers and third party administrators . . . ." (The Segal Group, Inc.)

Kansas City-Area Value-Based Health Plan Project Shows Savings After First Year
"Nine of 15 Kansas City-area employers participating in a yearlong value-based insurance design project saved an average of $194 per employee by focusing on prevention and improving health status, the Kansas City Collaborative said Thursday." (Business Insurance)

Lessons Learned from a Dependent Verification Audit
"So, before you roll out a DEVA, take the pulse of what others in your organization hope to achieve. Speak with your CEO, mayor, or whoever fills the C-suite in your world. These projects can make headlines - how do you want those headlines to look?" (Employee Benefit News; free registration required)

Benefits in General; Executive Compensation

[Official Guidance]
Text of IRS Memorandum to Audit Examiners Regarding New Guidance on Reimbursement of Employee Personal Cell Phone Usage (IRS Notice 2011-72) (PDF)
"The purpose of this memorandum is to provide audit guidance to examiners regarding employers that reimburse their employees for the business use of an employee's personal cell phone. This document is not intended to be a technical position, but to provide guidance to examiners who encounter this issue." (U.S. Internal Revenue Service)

[Guidance Overview]
IRS Eases Cell Phone Substantiation for Employers
"'Heightened substantiation requirements that apply to listed property no longer apply to cell phones for taxable years beginning after Dec. 31, 2009,' because cell phones -- and similar devices -- are no longer listed property under Code Section 274(d) . . . ." (SmartHR)

[Guidance Overview]
Guidance Issued on Tax Treatment of Business Cell Phones
"The IRS says that the value of the business use of an employer-provided cell phone is excludible from an employee's income as a working condition fringe to the extent that, if the employee paid for the use of the cell phone, the employee would be able to deduct such payment as a trade or business expense under section 162." (American Institute of Certified Public Accountants)

Public Companies Need to Review Equity Compensation Arrangements ASAP
"If a company is public or is going public, it needs to review its equity compensation arrangements now. These companies need to determine whether they need to amend these arrangements or take other actions to eliminate or reduce potential negative tax impact." (Porter Wright Morris & Arthur LLP)

More Reasons that Shareholder Say on Pay is Still Critical for the 2012 Proxy Season
"[Five more reasons (in addition to avoiding a lawsuit . . .)] why preparing for SSOP is just as critical in 2012 as it was it 2011 and, despite the fact that the vast majority of companies received a significant majority vote 'For' their Shareholder Say on Pay (SSOP) resolutions in 2011, we need to again focus on SSOP for the 2012 proxy season." (Michael S. Melbinger via Winston & Strawn LLP)

PwC Stock Compensation 2011 Assumption and Disclosure Survey
"This survey presents our analysis of the 2010 year-end assumptions and disclosures for mature and high tech companies." (PricewaterhouseCoopers LLP)

Employee Ownership Update for September 15, 2011
NCEO Executive Director Loren Rodgers discusses the NCEO's new Equity Compensation Report, the first ESOP in the legal recruiting and staffing field, BNA's acquisition by Bloomberg, discounted CEP registrations, E*Trade's private company forum, and a cover story on employee-owned Austin Industrial. (National Center for Employee Ownership)

Press Releases

October is National Work and Family Month; Are Employees Penalized for Balancing Work and Family?
(WorldatWork)

Putnam Investments to Dramatically Strengthen Companies’ Awareness of Employees’ Readiness for Retirement
(Putnam Investments)

The ESOP Association Submits Statement to Finance Committee on Tax Reform and Retirement Security
(ESOP Association)

Transamerica Retirement Launches Savings Education Tool
(Transamerica Retirement Services)

Kansas City Employers Saved $11 Million in Health Care Costs by Focusing on Prevention and Improving Health
(National Business Coalition on Health)

ASPPA Testifies in Defense of 401(k) System
(American Society of Pension Professionals & Actuaries (ASPPA))

ADP Acquires Asparity Decision Solutions, a Leading Provider of Employee Benefits Management Decision Support Tools and Data Solutions
(ADP)

New Report Highlights Lessons For Negotiating Public Pension Plan Reforms
(Center for State and Local Government Excellence)

Vanguard to Provide 401(k) Plans to Small Companies
(Vanguard)

MandMarblestone Launches Roth-it-Sharing Tax Program
(MandMarblestone Group LLC)

Mestel & Company and Hire Counsel Become the First Employee-Owned Companies in the Legal Placement and Staffing Industry
(Mestel & Company)



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: