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BenefitsLink Retirement Plans Newsletter
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[Official Guidance]
PBGC's 'My PAA' Electronic Premium Submission System Now Ready for 2012 Plan Year
Estimated flat-rate filings and comprehensive filings for plan years beginning in 2012 can be electronically submitted to the PBGC via its 'My Plan Administration Account (My PAA)' system. Information about how to e-file via My PAA (e.g., FAQs and Demos) is on the target web page.
(Pension Benefit Guaranty Corporation)
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[Guidance Overview]
2011 Reporting for 2010 Roth Rollovers and Conversions
"The [IRS] guidance explains how participants should complete various line items of the 2011 Form 1040 series (which varies based on whether any portion of the amount involved was distributed in 2010 or 2011). Some participants may have a separate reporting obligation on the 2011 Form 8606 for subsequent distributions from the Roth account in 2011."
(Mercer Select)
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[Guidance Overview]
What You Should Know About Fiduciary Status Under ERISA
"The following presentation . . . focuses on the differences in the types of investment fiduciaries — both investment advisory fiduciaries under Section 3(21) and investment manager fiduciaries under Section 3(38). [Written for the Principal Financial Group by Stephen M. Saxon of the Groom Law Group.]"
(Principal Financial Group)
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Web Based Plan Design System. Simple and Affordable. [Advert.]
Use LIMITED CENSUS DATA and a FIVE MINUTE UPLOAD to create a side-by-side analysis of various retirement plans: Integrated, Age Weighted, New Comparability, Cash Balance, and 401k. At a glance, assess financial and tax advantages and identify an optimal solution. Learn more.
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Secrets of The 401(k) Millionaires
"[T]o put $1 mil.lion in perspective: as nest eggs go, it's not exactly Faberge. The rule of thumb, advisers say, is to accumulate enough to be able to replace 75% to 80% of one's income in retirement, without — ideally — having to draw down more than 5% of the balance per year. So a $1 mil.lion nest egg would give off just $50,000 annually, enough to replace 75% of the income of someone who made $66,666. Even if the retiree collects the current maximum Social Security payment of $30,156 annually for a total income of $80,156, that's still just the recommended replacement for an income of $106,874."
(SmartMoney)
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Target-Date Funds End Another Year Far Away from Bull's-Eye
"[T]he average fund with about four years until its target date fell 0.4% in 2011, according to Morningstar Inc., a fund-research firm. That trails the Standard & Poor's 500-stock index, which gained 2%, including dividends, and is well below the Barclays Capital Aggregate Bond Index, which rose nearly 8% for the year."
(The Wall Street Journal)
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U.S. Debt Is Now Equal to Economy
"The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 tril.lion. That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 tril.lion as of September . . . ."
(Battlecreekenquirer.com)
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Favorable Tax Environment Adds to Roth 401(k) Appeal
"While there are many reasons why the Roth 401(k) may be an attractive option for higher-income employees, what has surprised many about this innovative plan feature are the benefits it offers participants across the income spectrum, making it advantageous for a wide range of employees and plans."
(The Vanguard Group, Inc.)
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[Opinion]
Who Knew? 80% Funding Target for Pension Funds Just An Urban Legend
"People refer to one report or another to substantiate their claim that some presumed experts actually made this assertion (including a GAO report and a Pew Center report that both cite unidentified experts), but nobody actually names these alleged 'sources.'"
(WPRI.com)
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[Opinion]
'Right-to-Work' Hurts Private-Sector Pension Coverage
"[T]he rate of employer-sponsored pensions is 4.8 percentage points lower in RTW states. If workers in non-RTW states were to receive pensions at this lower rate, 3.8 mil.lion fewer workers nationally would have pensions."
(Economic Policy Institute)
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Benefits in General; Executive Compensation
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Press Releases
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