DATAIR Employee Benefit Systems, Inc.

Senior Retirement Plan Administrator
Benefit Equity Inc.
in CA

Qualified Account Representative
Pen-Cal Administrators, Inc.
in CA

Sales Manager - Qualified Plans
Polycomp Administrative Services, Inc.
in CA

Senior Team Manager-Employer Sponsored Retirement Plans
Edward Jones
in MO

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Qualified Health Plan (QHP) Series - Dental Template Scenarios Demo and General Q&A
June 5, 2014 WEBCAST
(Centers for Medicare & Medicaid Services (CMS))

Federally-facilitated Small Business Health Options Program (FF-SHOP) Series III - Update and Issuer Q&A
June 10, 2014 WEBCAST
(Centers for Medicare & Medicaid Services (CMS))

Form 5500: Lessons Learned, New Issues and Best Practices for the 2013 Filing Season
June 18, 2014 in NY
(Worldwide Employee Benefits Network [WEB] - New York Chapter)

Milliman's Mid-Market Employer Benchmarking Survey
June 24, 2014 in TX
(Worldwide Employee Benefits Network [WEB] - Dallas Chapter)

View All Webcasts and Conferences

Study Finds Inconsistent Broker-Dealer Disclosure Practices
"A survey by an association of North American state and provincial securities regulators that found numerous inconsistencies in how broker-dealers disclose fees to customers adds weight to calls from federal regulators for service providers to furnish fee guides to employer retirement plan sponsors.... The survey identified: disclosures hidden in small print, embedded in lengthy account-opening documents or using varied terminology that does not define the service provided; differences in timing, placement, format, length and location of fee disclosures; and questionable practices regarding broker-dealer fee charges and markups." (Thompson SmartHR Manager)  

[Advert.]

Unexpected Compliance Testing Results?

Unexpected testing results are no problem with ASC DC/401(k) System. Simply push a button to re-run the compliance test. ASC's Push-Button Recalculation Feature eliminates the time-consuming need to "unprocess". Learn more, Click here.

Eight 403(b) Mistakes Plan Sponsors Can Avoid
"Exclusion of eligible employees.... Failure to suspend contributions after a participant has taken a hardship distribution.... Vendor documentation oversight.... Not following loan default procedures.... Qualified Domestic Relations Orders are not properly implemented.... Investment contracts that don't agree with the plan document and/or contractual procedures that don't agree with plan provisions.... Participant notice deadlines.... Keep the plan current." (Employee Benefit News)  

No Revenue Sharing Guidance in DOL Advisory Opinion 2013-03A
"In effect, the DOL was saying that it has not issued any guidance -- and is not prepared to issue guidance -- concerning the allocation of revenue sharing.... Should part of the cost of recordkeeping be allocated to participants who are invested in individual brokerage accounts or who hold company stock ... or should the participants who invest in mutual funds bear the full cost of the recordkeeping for the plan? Those are fiduciary decisions." (FredReish.com)  

Your Greatest Plans and Biggest Fears for Retirement [Infographic]
"Realizing that plan participants have different goals for retirement helps plan sponsors develop effective benefit communications. This infographic ... provides a snapshot of the varying plans of your peers." (International Foundation of Employee Benefit Plans [IFEBP])  

Twelve Critical Questions to Ask Yourself as a 401(k) Plan Fiduciary
"These twelve questions are by no means all-encompassing. But, by answering them affirmatively workplace fiduciaries can be confident that they are on the right path to fiduciary excellence, as well as helping to enhance their fellow participant's retirement income wellbeing." (Robb Smith, Prudent401kBlogger)  

The Perils of Retirement at Age 65
"Age 65 is the year we traditionally associate with retirement, but this age is declining in significance.... You won't qualify for full Social Security benefits.... You have a small window in which to sign up for Medicare.... You can start retirement account withdrawals, but aren't forced to.... If you retire at age 65 and live until 90, you will be retired for 25 years. It can be incredibly difficult to save up enough to pay for over two decades of leisure time." (U.S. News & World Report)  

Retirement Income Among Wealthier Retirees
"[1] Given the ongoing importance of traditional pensions, the demand for retirement income help, whether in the form of income products or advisory services, is likely to emerge only gradually. [2] As retirement wealth increases, the variety of sources of retirement income grows in tandem. This variety suggests the need for nuanced advice and guidance customized to individual circumstances. [3] Affluent retirees, with their more substantial private resources, are likely to find it easier to defer Social Security benefits and bridge any intervening income gap." (Vanguard)  

What Does It Mean to Pensionize?
"Pensionize implies that something that isn't a pension, such as a 401(k) plan, can act like a pension ... It sometimes refers to the idea that DC plans should help retired participants convert their savings into lifetime income. And it's also used by those who argue that DC plan investments should reflect the diversification strategies seen in pension portfolios, including allocations to alternative asset classes. But DC plans are not DB plans -- so is the term helpful to plan sponsors in either context?" (Vanguard)  

Fewer People Expect to Stop Working at 'Retirement' Age
"A phased, flexible retirement is now the reality for the majority of employees, with 32% of [survey respondents] expecting to stop work completely at retirement age.... Only 19% of respondents were 'very' or 'extremely' confident that they could retire with a comfortable lifestyle, while 34% are pessimistic about having enough money to live on once they leave the workplace." (Pensions & Investments)  

Hybrid Pension Plan for Pennsylvania School and State Employees Projected to Produce $11 Billion in Savings Over 30 Years
"A proposed pension reform plan that would change the design of the state and school employees' retirement plans would eventually erase the pension systems' $47.5 billion debt and introduce a mandatory 401k-style retirement-savings plan for new public employees.... Other actuarial studies put the 30-year savings between $6.5 billion and $13 billion, depending on the assumptions built into them[.]" (PennLive)  

Using Retirement Plan Assets for a First-Time Home Purchase
"Who qualifies as a first-time homebuyer? ... What are the tax benefits of using a traditional IRA for a first-time home purchase? ... Does it make a difference if I use a Roth IRA? ... Do I get the same benefits with an employer-sponsored retirement plan? ... Is it a good idea to use retirement assets to purchase a home?" (Financial Finesse)  

[Opinion]

Why Critique of the Proposed DOL Rule Expanding the Definition of a Fiduciary Is Unwarranted
"What sponsors should do, versus being asked the question 'would you stop offering a 401k plan if you have more fiduciary responsibility?' ... is simply MOVE the plan to a scenario that offers ... a broad mix of low cost investments, that have no revenue sharing or commissions, and a 3(38) investment manager that assumes the bulk of the fiduciary liability.... 401k plan sponsors should be benchmarking their plans for possibly better alternative solutions anyway. And the fix can and should be a simple one." (Tom Zgainer, CEO, America's Best 401k)  

[Opinion]

More Savings, Better Planning and Greater Confidence with Professional Advice (PDF)
"Most IRA investors today have full-service brokerage accounts. In fact, more than 30 million households -- 27 million of which are from the lowest wealth segment -- hold assets solely in these commission-based accounts. Under the proposed rule, all advice provided through these full-service brokerage accounts would be illegal. As a result, these investors would be forced to leave their current accounts and move to either: [a] fee-based advisor accounts, which are only available to investors with enough assets to meet the applicable minimum balance thresholds, or [b] low-support brokerage accounts." (Insured Retirement Institute [IRI])  

[Guidance Overview]

GASB Proposes Major Improvements for Governmental Reporting of Liability for Health Insurance and Other Retiree Benefits
"The most significant effect of the OPEB Exposure Drafts would be to require governments to recognize their net OPEB liabilities on the face of their financial statements -- providing all financial statement users with a more comprehensive understanding of these significant OPEB promises than is currently available.... The OPEB Employer Exposure Draft proposes that governments be required to report a liability for the OPEB that it will provide on the face of the financial statement.... The OPEB Employer Exposure Draft also proposes significant changes to how a government would calculate its OPEB liability and annual expense.... The OPEB Plan Exposure Draft addresses the financial reports of [DB] OPEB plans that are administered through trusts that meet certain criteria. It also details proposed note disclosure requirements for [DC] OPEB plans.... The Exposure Drafts, including instructions on how to submit written comments, are each expected to be available in mid-June on the GASB website[.]" (Governmental Accounting Standards Board)  

Beneficiary Designation Practices Survey
NICSA

HighRoads Announces Two Vice President Promotions
HighRoads

Retirement Savings on the Rebound, Research Shows
Principal Financial Group

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