DATAIR Employee Benefit Systems, Inc.

Participant Service Center Representative
for New York Life Retirement Plan Services in NJ

Project Manager, Trade & Trust Services
for Ascensus in PA

Manager, Client Service
for Ascensus in PA

Director, Financial Analysis
for Prudential in CT

Associate Manager, Customer Service
for Prudential in AZ

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401(k) Rekon Advisor Symposium- Cambridge
in Massachusetts on October 27, 2011 presented by 401(k) Rekon

401k Fiduciary Focus: Reducing Your Corporate and Personal Liability
Nationwide on September 29, 2011 presented by Cambridge Investment Research, Inc.

Pension Risk Management Forum
in New York on October 31, 2011 presented by IQPC

The 5th Annual New Opportunities in the DCIO Market
in Massachusetts on January 23, 2012 presented by Financial Research Associates

The 9th Annual Taft-Hartley Benefit Fund Summit
in Nevada on January 22, 2012 presented by Financial Research Associates

Important Information Regarding New Form 5500 Schedule Form 8955-SSA (PDF)
"[This article] discusses the Form 8955-SSA requirement, as well as the requirement to distribute an individual statement to a deferred vested participant, to which the issuance of the Form 8955-SSA has drawn renewed attention." (Patterson Belknap Webb & Tyler LLP)

E-file Form 8955-SSA TODAY with ftwilliam.com!   [Advert.]

If you are still waiting to e-file Form 8955-SSA ftwilliam.com can help. Our 5500 software allows you to e-file on your own, or you can let us do the e-filing for you with our fulfillment service. Contact sales@ftwilliam.com for details.

DOL Posts New Tool for Filers of Late or Amended Forms 5500
"The Form 5500 Version Selection Tool helps filers select the appropriate version of Form 5500 and related schedules to submit electronically via EFAST2, consistent with earlier DOL guidance. The tool includes a link to DOL's online penalty calculator for filings under the Delinquent Filer Voluntary Compliance Program." (Mercer LLC)

DOL Eases Fiduciary Ability to Deliver Upcoming Fiduciary Disclosures Electronically
"The approach allows electronic delivery of the new fiduciary information if the participant voluntarily provides his or her email address for that purpose. (In addition, an initial notice must be provided, an annual notice must be provided, the transmission of the information must be reasonably calculated to result in actual receipt, reasonable measures must be taken to ensure confidentiality, and the notices must be written in a manner calculated to be understood by the average participant.)" (Deloitte via BenefitsLink.com)

PBGC Gives DB Plan Sponsors Premium Relief
"[PBGC] has provided relief from certain premium payment penalties and, in certain situations, relief from penalties that are due to an incorrect election of the alternative premium funding target." (Milliman, Inc.)

The MetLife Study of Women, Retirement, and the Extra-Long Life (PDF)
"[The study] examines mature women's retirement-related thinking and behaviors in the context of all the 'extra' challenges women experience in retirement. It exposes the 'perilous paradox' of women's retirement income security needs and their response to them." (METLIFE, INC.)

Helping benefit administrators improve operational efficiency.   [Advert.]

SunGard’s Omni Data Validation Web helps improve the efficiency of payroll contribution and streamline the process from data submission by the plan sponsor to automate the funding and posting of the recordkeeping system. Click here to learn more.

U.S. Reconsiders Fiduciary Regulation of Private-Employer ESOP Appraisers
"The regulation, as originally proposed, would have expanded the definition of 'fiduciary' under [ERISA] to include appraisers of all private ESOPs. [A Senator] said it would result in new compliance and regulatory costs for private companies that offer ESOPs and could jeopardize the availability of the plans in the future." (New Hampshire Business Review)

How Soaring Sonoma County Pension Costs Began
"Sonoma County's average pension for new retirees has risen dramatically over the past 10 years, outstripping the cost of living by nearly 5 to 1 and driving up taxpayers' costs." (PressDemocrat.com)

Kansas Legislature's Legal Authority to Modify the Kansas Public Employees Retirement System
"There are two primary constraints on the ability of the Kansas legislature to modify benefits under KPERS. The first is a statutory provision limiting the legislature's ability to modify 'existing rights' of members. The second is the obligation not to violate the Contract Clause of the U.S. Constitution." (By John Utz, Esq., published by The Kansas Policy Institute)

Report Projects Growth in Retirement Plans Offering SRI Options
"The number of [DC] retirement plans in the U.S. offering a sustainable and responsible investing (SRI) choice could double in the next two to three years, according to a report released by Mercer and the US SIF Foundation. [T]he report finds 14% of 421 DC plan sponsors responding to the survey already offer one or more SRI options . . . ." (PLANSPONSOR.COM)

Fiduciary Rules Related to Automatic 401(k)s
"The fiduciary rules apply in a very particular way to [Automatic Contribution Arrangements]. . . . Not all decisions about ACAs are fiduciary decisions." (Retirement Made Simpler)

Industry Group Letter to PBGC Regarding Filing Issues (PDF)
"In our June 24, 2011, letter to you, we emphasized the importance of a supportive relationship between the PBGC and defined benefit plan sponsors—a relationship that can further the PBGC's mission to 'encourage the continuation and maintenance of voluntary private pension plans for the benefit of their participants.' Given that context, we urge you to provide relief so that filers who may have made an inadvertent error, while acting in good faith, are not exposed to what amounts to an enormous penalty in the form of hundreds of thousands—or more—of dollars of additional premiums." (American Benefits Council)

American Benefits Council Letter to CFTC/SEC Regarding Study of Stable Value Contracts under Dodd-Frank (PDF)
"As a plan sponsor organization, the Council wants to emphasize three points in this letter: Stable value contracts are a critical component of our country's 401(k) and other defined contribution plans, and these products fulfilled their economic and contractual obligations throughout the crisis." (American Benefits Council)

An Investor's Wish List for Retirement Fund Improvements
Requested is real diversification, better use of index funds to lower expenses, and the best-priced funds in the portfolios. (The Wall Street Journal)

Comparing Compensation: State-Local Versus Private Sector Workers (PDF)
"This study, like many others, finds that state and local government employees earn less than private sector workers with similar jobs and education. The question then turns to benefits. While there is agreement that public employees have more generous benefits, does the public sector benefit package make up for the lower salaries?" (Center for State and Local Government Excellence)

Address Growing Employee Flight Risk with Benefits-Based Strategies (PDF)
"A benefits program is an appropriate, smart response to employee flight risk because the research shows a clear correlation between benefits satisfaction and job satisfaction. An unmistakably high percentage (72%) of small business employees who are very satisfied with their benefits feel a very strong sense of loyalty to their employer." (METLIFE, INC.)

HighRoads Client, AT&T’s Michael Calhoun, Receives “Benny” Award from Employee Benefit News
(HighRoads, Inc.)

BenefitsLink.com Named Media Partner at Knowledge Congress' IRS Compliance and Governmental Retirement Plans Explored Webcast
(Knowledge Group)