| Technical Tips |
<< Back
|
|
401(k) Plans Take On Pension Plan Design Features
- 7/14/2005 |
|
Excerpt: "Vendors are adding features that make 401(k)s plans appear more like traditional pension plans in order to address the fact that most people aren't professional fund managers, while not overextending the sponsors' financial obligations. Much of this is through automation: vendors and sponsors are increasingly creating plans in which participants do not have to make investment decisions and are guaranteed a stream of income in retirement." (Defined Contribution News)
|
|
The Influence of Automatic Enrollment, Catch-Up, and IRA Contributions on 401(k) Accumulations (PDF)
- 7/13/2005 |
|
28 pages. Excerpt: "The Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) have collaborated to develop the EBRI/ICI 401(k) Accumulation Projection Model. This model examines how401(k) assets might contribute to retirement income for future retirees based on decisions workers make throughout their careers and finds that the median replacement rate from 401(k) accumulations depends primarily on whether current participants will continue to work for ...." (Employee Benefit Research Institute)
|
|
Current Considerations and New Challenges for ERISA §404(c) Compliance (PDF)
- 3/14/2005 |
|
14 pages. Excerpt: "This article provides a broad overview of the ERISA §404(c) requirements and analyzes considerations and challenges many plan sponsors face as they strive to comply with those requirements. The article outlines the disclosure obligations imposed by ERISA, highlighting recent regulatory guidance applicable to mutual fund prospectuses, and discusses new developments regarding mutual fund fees. The article analyzes some of the implications of offering certain ..." (The Bureau of National Affairs, Inc. via Gardner Carton & Douglas LLP)
|
|
Overview: Guidance Relating to Automatic Rollover Provisions Under Section 401(a)(31)(b) of IRC (PDF)
- 3/14/2005 |
|
2 pages. Excerpt: "In Notice 2005-5, the Internal Revenue Service (IRS) issued guidance relating to Automatic Rollover provisions under section 401(a)(31)(B) of the Internal Revenue Code (Code) as amended by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This guidance supplements the final regulations issued by the Department of Labor (DOL) on September 28, 2004, which we summarized in TCRS 2004-07." (Transamerica Center for Retirement Studies)
|
|
Calculating Earnings for DOL Corrections
- 11/15/2004 |
|
Summary: If the plan investments are participant directed and certain
participants have not designated any investment options, what rate of
return do I use for those participants for purposes of determining
earnings on delinquent contributions? Located at: Reish Luftman Reicher
& Cohen. Click on headline for full article.
|
|
Back-to-Basics: Defining Compensation
- 11/5/2004 |
|
Summary: Compensation is used for multiple purposes under qualified retiremert full article. nt plans. Are you familiar with the differences between withholding compensation, W-2 compensation, and 415 compensation? Located at: McKay Hochman. Click on headline for full article.
|
|
The Right to An Allocation
- 11/1/2004 |
|
Summary: The plan sponsor intends to amend the plan to change the allocation formula, and the amendment could result in smaller allocations for some participants. To avoid any potential violation of the anti-cutback requirements, when should the amendment be adopted? Located at: Reish Luftman Reicher & Cohen. Click on headline for full article.
|
Please note that Westminster Financial is not responsible for the
information contained on any listed web site(s). The site(s) is/are provided
to you for informational purposes only. Information you
send us over Internet e-mail could be viewed by persons other than the intended
recipients. All market prices, data and other information in this communication are not
warranted as to completeness or accuracy and may be subject to change.
