BenefitsLink home page
Previous Week ~ Week of November 4, 1996 ~ Following Week
- 11/8: Welcome to new sponsor Common Census®, maker of
two new packages to manage employee benefits: Common Census for
Employers® tracks company data, employees by class, dependents,
benefits with rates; computes bills and automates census. Common Census for
Agents® imports employer census data, streamlines renewals, helps identify
opportunities and develops proposals!
- 11/6: Order a free sample issue of Plan
Notes from Dark Horse Communications! Plan Notes is 12
pages of professionally written articles each quarter on an easy-to-use diskette --
use the articles in your company's newsletter to increase 401(k) participation and
provide ongoing investing & retirement planning education.
- 11/4: The IRS Headquarters sponsors two sanctionless programs
for voluntary correction of operational defects that would disqualify
a retirement plan -- VCR and SVP. SVP, or the "Standardized VCR
Program", is limited to seven types of plan defects and requires the
use of specified corrections. One of those operational defects is the
failure to provide minimum top heavy benefits for non-key employees.
What is the mandated SVP correction for failure to provide minimum
top-heavy benefits? Find out the answer in
Q&A for Plan Defects: Correction/VCR/CAP
BenefitsLink home page