Retirement Plan Administrator   Bates & Company Winter Park FL
	Retirement Plan Administration Consultant   TSC Edina MN / Telecommute
	Enrollment Specialist   CPS North Haven CT
	Plan Document Specialist   Aimpoint Pension Pompano Beach FL / Telecommute
	Defined Contribution Plan Administrator   The MandMarblestone Group, llc Philadelphia PA / Telecommute

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Introducing the Latest Update to Fi360's Prudent Practices
RECORDED
fi360

Stewardship and Employee Ownership Culture
February 18, 2020 WEBCAST
National Center for Employee Ownership [NCEO]

IRS and PBGC Audits of Defined Benefit Plans
March 25, 2020 WEBCAST
American Society of Enrolled Actuaries [ASEA]

►See 111 Upcoming Webcasts and Conferences

►See 1469 Recorded Webcasts

New Topics on the BenefitsLink Message Boards

New Comments and Topics

All Topics, Grouped by Forum

[Guidance Overview]

Best Interest Standard of Care for Advisors, Part 25

"Regulation Best Interest (Reg BI) and the Interpretation Regarding Standard of Conduct for Investment Advisers (RIA Interpretation) require that broker-dealers and investment advisers evaluate the account types their firms offer -- in light of the investor's investment profile -- to make a best interest recommendation. In other words, both types of firms, and their advisors, must first consider the account type that is appropriate for the investor. That raises the obvious question of 'What is an account type?' "

FredReish.com

ASC's Cash Balance Plan Design Capabilities are Just What You Need!

ASC's commitment to cash balance design, testing, valuation, and reporting features is unparalleled in the industry. We support a variety of cash balance designs, robust participant cash balance records and much more. See here for details! 

Plan Advisers Get Some Relief on Proposed California Privacy Regs

"[T]he proposed changes to the law arguably show that a single disclosure from an employer about the data gathered for benefits plans is sufficient, meaning that not every service provider or adviser serving a plan would have to make subsequent disclosures ... The new law tasks employers with notifying employees and job candidates about what data the company keeps. Employers must also take steps to ensure that the information is secure."

InvestmentNews; subscription may be required

Another Lawsuit Challenges Use of Participant Data (PDF)

"[The complaint includes claims that] 'Defendants allowed the Fidelity Defendants to use Plan participants' highly confidential data, including social security numbers, financial assets, investment choices, and years of investment history to aggressively market lucrative non-Plan retail financial products and services, which enriched Fidelity Defendants at the expense of participants' retirement security.' [The] Complaint alleges that Fidelity is a party-in-interest and owes a fiduciary duty to the Plan participants and beneficiaries[.]" [Harmon v. Shell Oil Co., No. 20-021 (S.D. Tex. complaint filed Jan. 24, 2020)]

Experiential Wealth

New Orleans Employees' Retirement System Claims Mattel and Auditing Firm PwC Misled Investors

"The lawsuit claims the company understated its income tax expense by $109 million in the third quarter of 2017 and then worked with its auditor, PwC, to manipulate its accounting to conceal this misstatement, according to the suit." [New Orleans Employees' Retirement System vs. Mattel, No. 20-1056 (C.D. Cal. complaint filed Jan. 31, 2020)]

LegalNewsLine.com

What 'Rothifying' 401(k)s Would Mean for Retirees

"One idea ... is to repeal the current structure of pretax contributions to retirement accounts in favor of a system where contributions would come only from after-tax income -- as contributions to Roth IRAs do now.... Rothification ... could be given new life by the government's current enormous need for revenue to plug budget gaps and rein in the nation's debt.... How would such a system affect workers saving for retirement? The short answer: poorly."

The Wall Street Journal; subscription may be required

Do you know where your distributions are?

Our cutting-edge Distribution Tracking Software, built by retirement service providers, makes distribution preparation and tracking faster and more efficient. Know exactly where each distribution is so nothing slips through the cracks. Learn more! 

An Introduction to Police and Fire Pensions

"[1] Pension and retiree health benefits for public safety workers are more expensive than those of other local government workers, largely due to earlier retirement ages. [2] Perhaps surprisingly, though, their retirement benefits make up only a very small share of total local government spending. [3] Some evidence suggests that public safety workers could work longer, which may have implications for plans' retirement age. [4] However, raising retirement ages would have little impact on government finances, particularly since it might involve higher wages to maintain a quality workforce."

Center for Retirement Research at Boston College

Railroad Retirement Board: Retirement, Survivor, Disability, Unemployment, and Sickness Benefits (PDF)

16 pages. "The Railroad Retirement Act (RRA) authorizes retirement, disability, and survivor benefits for railroad workers and their families. RRA is financed primarily by payroll taxes, financial interchanges from Social Security, and transfers from the National Railroad Retirement Investment Trust (NRRIT). Railroad retirement payroll taxes have two tiers: the Tier I tax is essentially the same as the Social Security payroll tax and the Tier II tax is set each year based on the railroad retirement system’s asset balances, benefit payments, and administrative costs." [Report RS22350, updated Feb. 14, 2020]

Congressional Research Service [CRS]

Planning for Retirement: How to Calculate Your Life Expectancy

"Most people plan for retirement using an estimate of their life expectancy.... Here are some strategies for estimating how long you will live: [1] Consider the average life expectancy. [2] Use a life expectancy calculator. [3] Factor in your health. [4] Plan for a long life."

U.S. News & World Report

Multiemployer Trustee Boards: Takeaways From a New Survey

"Significant expected turnover on multiemployer benefit fund trustee boards and the increasing complexity of serving as a trustee are among the key challenges faced by these boards. To address this changing landscape, trust funds are deploying a wide range of initiatives to recruit, select and retain the next generation of trustees."

International Foundation of Employee Benefit Plans [IFEBP]

Press Releases

Cohen & Buckmann, P.C. Expands Employee Benefits & ERISA and Executive Compensation Practices with Addition of Emily Meyer
Cohen & Buckmann P.C.

Medcom Benefit Solutions and Health Advocate Partner to Bring MORE to Benefits Administration
Medcom Benefit Solutions

Fulcrum Health Clinical Executive Deb Zurcher, DC, LAc Named to Minnesota Acupuncture Advisory Council
Fulcrum Health

View All Press Releases

Most Popular Items in the Previous Issue

SECURE Act Provisions Affecting Defined Benefit Plans
Spencer Fane

SECURE Act Makes Significant Changes to Benefit Plans
Williams Mullen

Text of Draft Instructions for 2020 IRS 1099-R and 5498: Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. (PDF)
Internal Revenue Service [IRS]