Senior Plan Administrator/Consultant
for LBA Retirement Plan Services, LLC in FL

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Service Provider Fee Disclosures: Mapping the Road Ahead
"[W]e are more than 5 months past the originally scheduled effective date of the service provider regulations, with only 3 months until the currently announced April 1, 2012 effective date, and the DOL has yet to issue final regulations. Many believe that the possible addition of a requirement to add a summary disclosure statement is a major part of the reason for delay. It may well represent the only truly major change in the final regulations." (SunGard Relius)

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ASPPA co-sponsors several regional conferences each year with the IRS to provide discussion opportunities with colleagues and local, regional and national government representatives from IRS and DOL. Check to see when we're coming to your region!

IRS Extension and Expansion of Relief Provided for Transfer of Assets from U.S. Retirement Plans to Retirement Plans in Puerto Rico (PDF)
"After many requests by professional organizations and legal practitioners, both in the U.S. and Puerto Rico, the [IRS] recently issued Notice 2012-6 . . . providing relief for certain asset transfers from U.S. retirement plans to Puerto Rico plans." (McConnell Valdés LLC)

2011 Society of Actuaries Monograph of Papers: 'Retirement Security in the New Economy: Paradigm Shifts, New Approaches and Holistic Strategies'
Papers include Liability-Driven Investment for Individuals; When to Commence Income Annuities; Tax Diversification in Retirement Planning; The Role of Behavioral Economics and Behavioral Decision Making in Americans' Retirement Savings Decisions; Revisiting Retirement Withdrawal Plans and Their Historical Rates of Return; and Developing New Paradigms for the Payout Period. (Society of Actuaries)

Employer Groups Ask PBGC to Cease Enforcement of 4062(e) Proposed Rule on Employer Liability
"The groups requested that PBGC suspend all enforcement actions that are based on the proposed regulations and void any agreements entered into based on the proposed regulations." (Bureau of National Affairs; reprinted by Keightley & Ashner LLP)

Private Pension Plan Bulletin: Abstract of 2009 Form 5500 Annual Reports (PDF)
"The total amount of assets held by pension plans increased 17 percent to $5.5 tril.lion in 2009. DB plan assets increased 7 percent to $2.2 tril.lion, while DC plan assets increased by 25 percent to $3.3 tril.lion." (U.S. Employee Benefits Security Administration)

Private Pension Plan Bulletin Historical Tables and Graphs, 1975-2009, December 2011 Update (PDF)
An appendix to Private Pension Plan Bulletin: Abstract of Form 5500 Annual Reports. (U.S. Employee Benefits Security Administration)

401(k) Plans, a Volatile Stock Market and Generation Y Participants
"Gen Y never had a chance to learn about investing before its members were jolted by a near 40% market drop in 2008. This drop frightened even the most seasoned investors, but it shook Gen Y investors to the core; 52% of them liquidated a portion of their portfolio in 2010 or 2011 due to market concerns.' (Microsoft)

Internal Bank Papers Show Worry over Florida Pursuit of Pension Fraud
"An informer in a state fraud case against Bank of New York Mellon Corp. offered prosecutors an inside look at how the bank allegedly scrambled to contain a government investigation into whether the bank overcharged Florida's state and local pension funds, among others, to execute currency trades." (Tampa Bay Times)

Lowering Retirement System Barriers for Women
"An overlooked and much needed area of concern is the plight of women and minorities, and their ability to retire. It makes a difference economically because if they cannot support themselves in retirement, their families or the government likely will be footing the majority of the bill. It makes a difference to employers because it has a significant impact on workforce planning." (Employee Benefit News)

Tax Benefits from Options as Windfall for Businesses
"The stock market's rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed." (The New York Times; free registration required)

NYC Comptroller Weighs In on Clawbacks Controversy
"New York City Comptroller John C. Liu released a statement saying that Goldman Sachs, JPMorgan Chase and Morgan Stanley should hold their senior executives more accountable for improper behavior." (PLANSPONSOR.COM)

Headlines in Employee Benefits Law E-Alert, December 2011 (PDF)
The newsletter covers select compliance deadlines and reminders, and retirement plan, health and welfare plan, and general developments. (Reinhart Boerner Van Deuren s.c.)

Some Employers Turn to Quirky Perks for Workers
"Pet insurance, at-your-desk meditation services, jewelry discounts and funeral planning — from the quirky to the somber, workplaces are providing a range of unique benefits in 2012." (USA TODAY)

Changes in Illinois Civil Union Partner Tax Status
"Four other states allow or will allow civil unions: Delaware, Hawaii, New Jersey and Rhode Island, but only Hawaii will recognize civil unions for opposite-se.x couples (the Hawaii civil union law is effective January 1, 2012). The implication of the IRS letter for Hawaii and other states with opposite-se.x domestic partnerships (such as Nevada, California and Washington) is unknown." (Faegre & Benson LLP)