Data Control Specialist
for National Retirement Services, Inc. in NC

Senior Advisor, US Benefits, Health and Welfare
for ConocoPhillips in OK

Senior Advisor, Retirement and Savings
for ConocoPhillips in OK

Senior Pension Analyst DB / DC
for Boyce & Associates, Inc. in AZ

Vice President, Tax Exempt Investment Only Sales
for Prudential in CT

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Text of PBGC Final Regs: Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits (PDF)
(Pension Benefit Guaranty Corporation)

The ASPPA 401(k) SUMMIT is Bigger and Better in New Orleans!   [Advert.]

Come to the Big Easy for the unparalleled 401(k) SUMMIT. Join over 1,500 attendees including Broker Dealer Registered Reps, Registered Investment Advisors, Plan Administrators (TPAs) and Product and Service Professionals. Register now and save!

IRS Provides Temporary Relief for IRA Cross-Collateralization Agreements (PDF)
"In Announcement 2011-81 (December 12, 2011), the [IRS] granted temporary relief for an indemnity, security interest or other cross-collateralization agreement provided by an individual retirement account (IRA) owner in circumstances similar to those addressed in [DOL] Advisory Opinion 2009-03A and Advisory Opinion 2011-09A." (Sutherland Asbill & Brennan LLP)

DOL Slightly Expands E-Delivery Options for Participant Fee Disclosures
"The alternative delivery system involves emailing information to participants who opt-in. The new guidance allows 24/7 web delivery via a secure web site, but only for participants who opt-in, in accordance with the alternative delivery system." (SunGard Relius)

IRS Deadline for Filing New SSA Form
"Plan administrators should make sure that the relevant Form 8955-SSA is timely filed. Plan administrators should also make sure that individual statements are furnished to each affected participant. For plans with a calendar plan year, that filing deadline is January 17, 2012." (Cheiron, Inc.)

IRS Issues Sample Amendment for Section 436 and Postpones Date for Amending Single-Employer Pension Plans
"Administrators and consultants should review the IRS sample amendment with Counsel and adopt it or another amendment by the last day of the plan year beginning in 2012 unless a later date applies. A decision will need to be made on which, if any, of the optional provisions in part 3 of the amendment they wish to adopt, and whether the provisions conflict with existing provisions of the plan. They also need to make sure the effective date they use is appropriate for the plan." (Cheiron, Inc.)

457 Answer Book   [Advert.]

457 Answer Book is an in-depth resource that provides answers to the questions that tax-exempt organizations, state and local governments, their accountants, tax and legal advisors, 457 administrators, and investment counselors need to know.

Fourth Circuit Rules on Fiduciary Duty to Investigate and Diversify Investments
"A very recent decision by the Fourth Circuit Court of Appeals clarifies an important point with respect to the duty of ERISA trustees to investigate investment alternatives and to diversify the portfolio in which the plan funds are invested." (Nixon Peabody LLP)

House Plays the Anti-Santa to Federal Workers
"The legislation would offset a one-year continuation of the payroll tax holiday in part by adding 12 months to the two-year freeze on federal employees' base pay. Employees also would have to pay more toward their retirement under the measure, which the House passed largely along party lines, with Republicans wearing the Grinch suits." (The Washington Post; free registration required)

CalPERS Rebuffs Stanford Institute's Pension Findings
"In a statement, CalPERS said the health of the CalPERS fund has improved in the last two fiscal years." (PLANSPONSOR.COM)

Retirement Fears Jump the Wealth Gap to Strike Affluent Americans
"Against the backdrop of public policy debates on the gap between rich and poor, a new survey of affluent Americans from Wells Fargo & Company shows that many of the affluent are feeling some of the same deep insecurity felt by middle-income Americans about their ability to retire in comfort." (Employee Benefit News)

3M Offers Early Retirement to 4,900 Employees
"[3M Co] expects about 15 percent to participate in the program . . . ." (The New York Times; free registration required)

401(k)s No Replacement for Pensions, Says Thomas DiNapoli, New York State Comptroller
"Laws governing state pension funds shouldn't be changed to allow defined contribution plans to replace defined benefit plans because 401(k) plans are 'woefully inadequate for those who rely on them for their primary retirement income,' DiNapoli said in a speech December 12 . . . ." (PLANSPONSOR.COM)

DC Plans and the Recession Inequities
"I would make the case that the smartest thing Congress could do right now is to increase the DC limit, as least for an interim period, to allow balances to be rebuilt." (Robert J. Toth, Jr., Business of Benefits)

403(b) Plans Progressing Despite Shaky Economy
(Principal Financial Group)

MassMutual Launches New Multi-Asset Investment Option
(MassMutual)

Mercer-CFO Survey of Finance Execs Points to Sea Change in Pension Risk Management
(Mercer)

Security Benefit Teams With Mesirow Financial On A Complete 401K Product
(Security Benefit)

Diversified Launches Next Generation OnTrack® Report
(Diversified)

SRP Announces Plan Doc Builder for TPAs and Brokers of Healthcare Plans
(Strategic Recovery Partnership (SRP))