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Previous Week ~ Week of March 24, 1997 ~ Following Week
- 3/28: Welcome to new sponsor In Plain English, helping companies of all sizes
explain their employee benefit plans in clear, correct, concise and conversational
language readily understandable by their employees. Turn disclosure into communication!
- 3/28: Well-written online articles from The 401k Company of Austin, Texas:
- 3/27: Now showing on IOMA's Report on Managing 401(k) Plans: Small 401(k) Plan Costs Skyrocket: Here's How To Fight Back Now (article), and Why Mandatory 401(k) Enrollment Makes Sense
(article)
- 3/27: Recent "comp time" federal legislation is discussed in the March 24 issue of Hewitt Associates' Washington Status Report
- 3/27: Kewl. The Personal Finance Network brings us audio clips of a hearing on Social Security reform!
- 3/27: Rep. Archer, A Proud Purist, Takes Tax Stage, an interesting article from Legi-Slate about the
chairman of the U.S. House of Representatives' Ways and Means Committee (which is responsible for new tax legislation).
- 3/27: The Labor, Employment and Benefits Law Group of Landels Ripley & Diamond, LLP, a law firm based
in San Francisco) is pleased to announce its Labor, Employment & Benefits Internet Site.
- 3/27: The Pension and Welfare Benefits Administration of the U.S. Department of Labor now
has a toll-free line to use to request printed brochures and other PWBA publications: 1-800-998-7542. Many of them are
listed at http://www.dol.gov/dol/pwba/public/whatsnew/main.htm.
- 3/27: Welcome to new sponsor DATAIR
Employee Benefit Systems, Inc. -- providers of proven and affordable PC-based Benefit
Administration Software Systems. DATAIR software supports a comprehensive administration of
pension, profit-sharing, 401(k), 403(b), 457, ESOP, Cafeteria and Section 125 Flexible Benefits
plans!
- 3/27: New message board for discussing Nonqualified Deferred Compensation Plans!
- 3/26: Version 2.0 of Money Magazine's "Planning for Retirement" Online Calculator
- 3/25: The following benefits-related item was added to the "Recently Issued Reports" page
on the U.S. Government Accounting Office's World Wide Web site (http://www.gao.gov/new.items/newtitle.htm)
in Portable Document (PDF) format. (Use the free Adobe Acrobat reader to view it.)
- 3/25: "All roads lead to Covington."
IRS Announcement 97-20 says that, beginning April 1, 1997, letter requests and applications previously submitted to the Key District Office in Los Angeles, California, should be sent to the Internal Revenue Service Center in Covington, Kentucky. (For a period of time, requests and applications mistakenly sent to the Los Angeles Key District Office will be forwarded.) The new address applies to requests for determination letters, regional prototype notification letters and volume submitter advisory letters, on the qualified status of employee plans under sections 401, 403(a), and 409, and the exempt status of any related trust under section 501 of the Internal Revenue Code, applications for recognition of tax exemption on Form 1023, Form 1024, and Form 1028 and other applications for recognition of qualification or exemption. The affected plan sponsors and organizations are those whose principal office or place of business is located in Alaska, California, Hawaii, Idaho, Nevada, Oregon, and Washington. These requests and applications, as well as those formerly submitted to the Atlanta, Baltimore, Cincinnati, Chicago, and Dallas Key Districts, should be sent to:
Internal Revenue Service
P.O. Box 192
Covington, KY 41012-0192
- 3/24: More questions and answers in the popular column, Q&A for Plan Defects:
Correction/VCR/CAP --
- In Q&A 21, we dealt with a question involving a
plan which specifically permitted hardship distributions. But what is
the form of correction if the plan made a hardship distribution, but
does not contain a provision permitting them?
- ANSWER (click here).
- 3/24: Statement of Paul J. Yakoboski, Senior Research Associate, Employee Benefit Research Institute, on individual retirement accounts
(IRAs) and alternative tax-qualified retirement saving plans, before The Committee on Ways and Means, U.S. House of Representatives (March 19, 1997). From the Employee Benefit Research Institute web site.
- 3/24: New Q&A Column! BenefitsLink welcomes the Section 125 Plan Q&A Column, written by Robyn Morris of R.C. Morris, Incorporated!
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