ASPPA & WBC

Sr Consultant, Corporate Compliance
for Nationwide Insurance in OH

Enrolled Actuary
for Third Party Administration Firm in CA

Retiree Specialist
for Northwestern Benefit Corporation of Georgia in GA

Manager, Consulting Support Services
for Northwestern Benefit Corporation of Georgia in GA

401(k) Administrator/Accountant
for Stoel Rives LLP in OR

Account Manager-Employee Benefit Plans
for RBD, LLC - DailyAccess Corporation in KS

Defined Contribution Administrator
for FACTS, inc. in IN

Director of Operations
for The Pension Group, Inc., a United Retirement Plan Consultants Company in CA

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Beyond FSAs: A Primer on Other Reimbursement Accounts and Tax-Preferred Benefits
Nationwide on July 19, 2012 presented by TRI-AD

Best Practices for Evaluating Retirement Plan Fees and Complying with New DOL Fee Disclosure Rules
Nationwide on June 5, 2012 presented by Hay Group and Covington & Burling LLP

401(k) Fee Disclosure and Investment Selection for Employers -- Are You Ready?
in New Jersey on June 27, 2012 presented by Wolff & Samson PC

Domestic Partner Benefits Seminar
Nationwide on May 24, 2012 presented by Faegre Baker Daniels LLP

IAS 19 - Changes and Implications for Defined Benefits Plans
Nationwide on June 14, 2012 presented by Mercer

Compliance Checklist 2012 for ERISA-Covered Defined Benefit Plans, Defined Contribution Plans and 403(b) Plans (PDF)
Very nice 42-page chart. (Prudential)

DATAIR! More Choices – Better Guidance – Less Cost   [Advert.]

Documents, SPDs, Amendments, Administrative Forms
401(k)/Profit Sharing, 403(b), DB and Cash Balance Plans
(888) 328-2474    Sales@DATAIR.com    www.DATAIR.com

Highlights of 2012 403(b) Survey by Profit Sharing Council of America
PSCA's 2012 403(b) Plan Survey reports on the 2011 plan-year experience of 584 not-for-profit organizations. The survey contains 123 tables of data covering plan design, enrollment and participation rates, investment options and direction, and more. (Plan Sponsor Council of America)

Convicted Connecticut Workers Still Get Pensions Despite Forfeiture Law
"State law which went into effect Oct. 1, 2008, allows the attorney general to apply to the Superior Court to revoke or reduce the pension of public officials, state or municipal employees convicted of a crime related to their office. It was not a retroactive law, so it doesn't apply to officials convicted before that date." (Governing.com)

Morningstar Debuts Web-Based Variable Annuity Research Tool
"Morningstar officials said Annuity Intelligence combines the best features of two popular tools, Morningstar Annuity Analyzer and the Annuity Intelligence Report, to create an all-in-one source for annuity data and information. Users will now have improved capabilities to search for variable annuity contracts, compare them side-by-side, and then generate client-friendly, FINRA-reviewed presentations and reports." (On Wall Street)

Some Retirees in Public Pension Plan Getting More Than IRS Allows
"Sonoma County [California] retirees who hit the federal limits in 2011 represent the new era of higher pensions. They include five of the 10 highest-paid county retirees, including Bill Cogbill, the former sheriff, and Mike Chrystal, the former county administrator. Both get annual pensions higher than the current Internal Revenue Service cap of $200,000 for defined benefit plans. Cogbill's pension is $239,311, and Chrystal's is $209,862." (PressDemocrat.com)

'Universal Advisor Performance Standards' Proposed by BrightScope and The Spaulding Group
"One of the most important criteria when selecting an advisor is information about their investment performance. However, only a small percentage of advisors currently disclose performance. While many SEC-registered advisory firms have embraced [Global Investment Performance Standards, or 'GIPS'] as a solution to provide performance information to prospective clients, GIPS specifically excludes brokers who manage nondiscretionary accounts for clients. By ignoring nondiscretionary accounts, GIPS effectively excludes brokers from providing performance information to prospects. Even those SEC registered advisors who might otherwise report performance frequently fail to do so out of fear they might run afoul of SEC ... and FINRA ... advertising regulations. A performance standard that covers advisors of all types (both investment advisers and brokers) will create a strong incentive for all advisors to calculate and disclose performance. Access to consistent performance across all advisors would assist consumers in their selection of an advisor, and help advisors efficiently grow their practices." (Universal Advisor Performance Standards; free registration required to download white paper)

How Giant Advice Provider Financial Engines Can Sweep the 401(k) Field -- Or Not
"It has $53.7 bil.lion of assets under its managed account platform, but how the new DOL disclosure rules, competition from Morningstar and Schwab's bet on GuidedChoice play out will be very telling." (RIABiz)

A Review of Hueler's Income Solutions, An Online Annuity Bidding Platform
"Today [Steve Vernon of MoneyWatch takes a look] at Income Solutions, the online annuity bidding platform offered by Hueler Investment Services that's available on the platforms of many 401(k) plan administrators.... If you don't want to pay a lot of commissions to an insur.ance agent, consider buying an immediate annuity with the help of Income Solutions, which competitively bids fixed and inflation-adjusted immediate annuities among a panel of highly rated insur.ance companies." (CBS News)

Federal Employees Not Rushing to Take Advantage of New Roth Option
"The Thrift Savings Plan's new Roth option has drawn a tepid response in its first two weeks of existence, with only four participants making payments so far. But the Federal Retirement Thrift Investment Board, which governs TSP, said the small number of contributions was expected because of the government's payroll schedule, and it expects those numbers to accelerate in the coming weeks." (Federal Times)

Text Of Congressional Budget Office Cost Estimate for Federal Employee Phased Retirement Act (PDF)
"For the estimate, CBO [the Congressional Budget Office] assumed that about 1,000 federal employees per year—a mix of employees in the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS)—would enter into phased retirement for a period of three years before fully retiring. During phased retirement, employees would move from a full-time to a part-time work schedule while also drawing a partial retirement benefit.... In addition, CBO estimates that [this bill] would increase revenues by $24 mil.lion over the 2013-2022 period [because] more contributions would be collected from a CSRS employee remaining employed while in phased retirement than would have been collected from a replacement employee covered by FERS." (Congressional Budget Office)

The MEWA, the MEP and Regulated Scale
"In the end, the properly designed and well run MEP advances the policy of the small employer adopting plans, while providing a measure of protection against abuses. 'Commonality' may be appropriately applied to limit the availability of MEP structures which may be vulnerable to abuse, but should it be broadly used to limit those which, by design, promote accountability?" (Business of Benefits)

Compliance Checklist 2012 for Non-ERISA Plans: Qualified Governmental and Nonelecting Church Plans, Non-ERISA 403(b) Plans, 457 Plans and Nonqualified Executive Benefit Plans (PDF)
Very nice 16-page chart. (Prudential)

Financial Executive Compensation Survey 2012 from Grant Thornton (PDF)
(Note: might take a minute to download; it's a large file.) Excerpt: "In response to financial reform legislation, the most included or planned inclusion in executive compensation programs was pay versus performance (23 percent).... Detailed figures for base salary, bonuses, long-term and stock-based compensation, retirement benefits and perquisites are provided by title, company type and company size in the following pages." (Grant Thornton)

Compensation Clawbacks Make the Front Page—and That's Not Good
"Those who measure their tenure in the executive compensation field in decades, rather than in years, know that nearly every bad law in the field is the result of Congressional or agency reaction (or overreaction) to some widely publicized occurrence. See if you can attempt to match the half-baked law with its cause celebre[.]" (Winston & Strawn LLP)

CEOs Received Modest Pay Increases in 2011, Despite Greater Company Profitability
"In the second year of mandatory say-on-pay, companies responded proactively to the increasing power wielded by their shareholders by holding pay nearly flat and increasing emphasis on longer-term pay-for-performance programs.... For the second year in a row, long-term incentives increased, growing 5.5 percent to $7 mil.lion, leaving total direct compensation with a modest 2.8 percent growth to $10.3 mil.lion." (Hay Group)

The Number of Those Working Past 65 Is at a Record High
"'The fact of the matter is that this aging-but-not-yet-aged segment of the baby boomer class can't afford to retire,' said David A. Rosenberg, the chief economist of Gluskin Sheff ..., noting that overall household net worth was 15 percent lower than at the prerecession peak. 'Dreams of the 5,000-square-foot McMansion being a viable retirement asset have morphed into nightmares of a deflationary ball and chain.'" (The New York Times; free registration required)

McGraw Wentworth Survey Shows Cost of Providing Health Care Growing at 6%, Yet Many Employers Hold Their Costs Flat
(McGraw Wentworth)

Segal Announces New New York Regional Manager
(The Segal Company)

Blue Cross & Blue Shield Of Rhode Island Unveils New Health Plan For Small Employer Market With Choice Of Three Benefit Designs
(Blue Cross and Blue Shield of Rhode Island)