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BenefitsLink Retirement Plans Newsletter
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Employee Benefits Jobs
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Webcasts and Conferences
401(k) Plan Basic Operation
in California
on February 7, 2012
presented by Actuarial Consultants, Inc.
401(k) Plan Basic Operation
in California
on February 15, 2012
presented by Actuarial Consultants, Inc.
401(k) Rekon Advisor Symposium- Tampa
in Florida
on February 8, 2012
presented by 401(k) Rekon
Annual Plan Administration
in California
on February 7, 2012
presented by Actuarial Consultants, Inc.
Annual Plan Administration
in California
on February 15, 2012
presented by Actuarial Consultants, Inc.
Form W-2 and Employer-Sponsored Health Coverage: New Guidance Addresses Important Compliance Aspects
Nationwide
on February 2, 2012
presented by Thomson Reuters / EBIA
Voluntary Fiduciary Correction Program and Abandoned Plan Workshop
in Kentucky
on January 27, 2012
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Voluntary Fiduciary Correction Program and Abandoned Plan Workshop
in Michigan
on March 20, 2012
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
Voluntary Fiduciary Correction Program and Abandoned Plan Workshop
in Kentucky
on April 23, 2012
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)
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[Guidance Overview]
PBGC's 2012 Plan Year Guidance on Reportable Events (PDF)
"If final regulations become effective in 2012, they will supersede the guidance in this Technical Update. The PBGC issued proposed reportable events regulations in 2009. Due to public comments, the PBGC intends to repropose the regulations. Technical Update 11-1 extends the PBGC's guidance issued previously in Technical Update 10-4."
(The Prudential Insurance Company of America)
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Compliance Testing Can Be Easier with ASC! [Advert.]

Free yourself from reruns and data manipulations because the ASC System generates multiple corrections or solutions for failed ADP/ACP tests. Confidently design & efficiently administer any plan. Click here to see why top firms use ASC.
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[Guidance Overview]
Seventh Circuit Determines Solvent Companies Responsible for Withdrawal Liability of an Insolvent Affiliate
"Under ERISA, for purposes of computing withdrawal liability, all 'trades or businesses' under 'common control' are treated as constituting a single employer. Each such trade or business is jointly and severally liable for any withdrawal liability of any other. The district court held here that the solvent MCRI and MCOF were both trades or businesses that were under common control with insolvent SCOFBP at the relevant times, so that both MCRI and MCOF are liable for SCOFBP's withdrawal liability."
(401k Fiduciary News)
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New Jersey Lawmakers Approve Bill Banning State Pensions for Lobbyists
"The bill . . . revises a 1954 law that allowed lobbyists to acquire state pension and health benefits, according to Bergen County's The Record. The bill would eliminate eligibility for any state-administered retirement system for newly hired officers and employees of the New Jersey State League of Municipalities, the New Jersey Association of Counties, the New Jersey School Boards Association, any school board insurance group, any county college joint insurance group, any county or municipal joint insurance fund and any corporation designated to manage a special improvement district established by municipal ordinance."
(PLANSPONSOR.COM)
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Massachusetts Initiative to Expand Private Pension Coverage
"Proposals include having the Commonwealth of Massachusetts sponsor a plan for small business employees, having the Commonwealth guarantee small business plans, and other retirement saving incentives, such as supports for low to moderate-income workers to complement asset building."
(UMass Boston)
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Broker-Dealers Up in Arms Over 401(k) Fee Disclosure
"The issue: the proposed rules will require brokers to report how much they are paid to distribute mutual funds through brokerage windows. The trouble, brokers say, is that they offer thousands of mutual funds from hundreds of companies and often have different fee structures for each one."
(Reuters)
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Hostess Returns to Bankrup.tcy over Pensions
"Twinkies and Wonder Bread maker Hostess Brands Inc filed for bankrup.tcy protection for the second time in less than three years, after failing to reach an agreement with workers on pension and health benefits."
(Reuters via The New York Times; free registration required)
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Data Shows Majority of Pensions Still Accruing Benefits
"According to the data, 46% are 'active' in that the 'plan is active and open to new hires,' and 29% are 'closed' in that the 'plan is closed to new entrants, but participants are still accruing benefits.'"
(PLANSPONSOR.COM)
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Benefits in General; Executive Compensation
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Press Releases
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Lois Baker, J.D., President
Holly Horton, Business Manager
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