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The Pension Source
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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DWC ERISA Consultants LLC
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Nova 401(k) Associates
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BPAS
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EPIC RPS
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BPAS
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Merkley Retirement Consultants
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Compensation Strategies Group, Ltd.
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Defined Benefit Specialist II or III Nova 401(k) Associates
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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July Business Services
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Search the News Archive
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57 Matching News Items |
| 1. |
Deloitte & Touche Human Capital Advisory Services
Aug. 5, 2003
Excerpt: A recent Department of Labor Advisory Opinion indicates a directed trustee for an ERISA plan can receive 12b-1 or subtransfer fees attributable to the plan's investment in a mutual fund without violating ERISA's prohibitions of fiduciary self-dealing, so long as 'the decision to invest in such funds is made by a fiduciary who is independent of [the directed trustee] and its affiliates, or by [the plan's participants].'
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| 2. |
Deloitte & Touche Human Capital Advisory Services
Oct. 16, 2002
Excerpt: ERISA plan fiduciaries may cause their plans to enter into contracts with actuarial firms and other service providers that include 'limitation of liability' and 'indemnification' provisions without necessarily violating ERISA's fiduciary standards, according to a recent [DOL] advisory opinion.... However, the advisory opinion cautions fiduciaries that it would be imprudent to agree to these provisions if they apply to fraud or willful misconduct by the service provider ...
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| 3. |
Deloitte & Touche Human Capital Advisory Services
Sept. 23, 2003
Excerpt: With respect to the regulation's requirement that 404(c) plans provide a prospectus to participants upon request, the Advisory Opinion states the plan can provide a Profile if that is the fund's most recent prospectus. But if a participant specifically asks for a 10(a) prospectus, the plan must provide the most recent 10(a) prospectus to satisfy this requirement.
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| 4. |
Deloitte & Touche Human Capital Advisory Services
Dec. 3, 2002
Excerpt: The FAB addresses the following issues: What does a fiduciary need to consider in evaluating the reasonableness of an agreement under which the service provider will be retaining 'float' earnings and what information is a service provider required to disclose to plan fiduciaries with respect to such arrangements in order to avoid engaging in a prohibited transaction?
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| 5. |
Deloitte & Touche Human Capital Advisory Services
June 19, 2003
Excerpt: According to IRS, all of an employee's years of service with the employer since it initially established the plan – not just since benefit accruals resumed – count for purposes of the vesting rules in these situations.
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| 6. |
Deloitte & Touche Human Capital Advisory Services
Nov. 5, 2002
Excerpt: An ERISA fiduciary's obligations with respect to deciding whether to refinance an ESOP securities acquisition loan is the subject of the Pension and Welfare Benefits Administration's first Field Assistance Bulletin ... The Internal Revenue Service has addressed many of the tax issues, including the Internal Revenue Code's prohibited transactions provisions, in a series of private letter rulings.... FAB 2002-1 is the PWBA's first public guidance on the relevant ERISA issues.
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| 7. |
Human Capital Advisory Services
Feb. 24, 2004
Excerpt: Although IFRS 2 will not apply to U.S. companies [that are not following international accounting standards], the Financial Accounting Standards Board is expected to propose a similar rule in March. The fact the IASB has now issued IFRS 2 puts additional pressure on the FASB to act on this issue.
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| 8. |
Human Capital Advisory Services
Feb. 17, 2004
Excerpt: In PLR 200404055, the IRS concluded that the proceeds from an insurance policy purchased by a VEBA to indemnify itself from certain retiree health benefit liabilities would not be included in the VEBA's gross income. While we believe this is the correct result, the PLR provides no technical basis for its conclusion.
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| 9. |
Human Capital Advisory Services
Jan. 27, 2004
Excerpt: Employers that shift too much of the cost of their retiree prescription drug benefit to retirees will not be eligible for the 28 percent subsidy enacted as part of the Medicare Prescription Drug, Improvement and Modernization Act (P.L. 108-173), according to House Ways and Means Committee Chairman Bill Thomas (R-CA).
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| 10. |
Human Capital Advisory Services
Jan. 20, 2004
Excerpt: If an employer sponsored a retiree pay-all drug plan, the employer could still receive the 28 percent subsidy, if the plan were actuarially equivalent to Medicare Part D, but it would seem impossible that a retiree pay-all plan could be actuarially equivalent to Part D. [It also seems impossible that a retiree would participate in such a plan once Part D is available!]
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