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=========================================================== BenefitsLink Retirement Plans Newsletter (Plain Text Format) August 27, 2004 =========================================================== We thank and invite your attention to today's sponsor: DATAIR Employee Benefit Systems, Inc. =========================================================== DATAIR Pension & Benefits Software Sale (Advert.) <URL:http://benefitslink.com/cgi/a_d.cgi?a_d=2004_08_27_retirement> http://benefitslink.com/cgi/a_d.cgi?a_d=2004_08_27_retirement (Click on above address, or copy and paste it into your web browser, to learn more.) License one DATAIR system and receive another one of equal or lower price without license fee!* Regardless if you're just starting out in the business or looking to expand your services, you can take advantage of this limited time offer. Choose from: DC/401(k) System Retirement Plan Documents Defined Benefit System Pension Reporter Cafeteria Administration Cafeteria Plan Documents Client Manager Contact [EMAIL PROTECTED] or call 1-888-328-2474. (*Restrictions apply; see website for details.) (Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor) ---------------------------------------------------------- Text of Final SEC Regs on Disclosures About Portfolio Managers at Mutual Funds (PDF) <URL:http://benefitslink.com/federalregister/04-19575.pdf> http://benefitslink.com/federalregister/04-19575.pdf 19 pages. Excerpt: "We are adopting, with several modifications to address commenters' concerns, amendments that require a fund to provide disclosure in its [Statement of Additional Information] regarding other accounts for which the fund's portfolio manager is primarily responsible for the day-to-day portfolio management." (U.S. Securities and Exchange Commission) ---------------------------------------------------------- Greenspan Warns on Baby Boomer Benefits <URL:http://www.tribnet.com/24hour/business/story/1603644p-9256132c.html> http://www.tribnet.com/24hour/business/story/1603644p-9256132c.html Excerpt: "Federal Reserve Chairman Alan Greenspan said Friday that the country will face 'abrupt and painful' choices if Congress does not move quickly to trim the Social Security and Medicare benefits that have been promised to the baby boom generation." (AP via The News Tribune - Tacoma, WA) ---------------------------------------------------------- Greenspan Frets About Pension Prospects at Jackson Hole Summit <URL:http://quote.bloomberg.com/apps/news?pid=10000085&sid=axeHB.5Pcfno&refer=europe> http://quote.bloomberg.com/apps/news?pid=10000085&sid=axeHB.5Pcfno&refer=europe Excerpt: "Greenspan probably will explain his warning made in February this year that the U.S. may be ``unable'' to meet the ``enormous demands'' of its pensions at an annual meeting with central bankers in Jackson Hole, Wyoming today." (Bloomberg.com) ---------------------------------------------------------- SEC Turns Up the Heat on 401(k) Fiduciaries <URL:http://www.bnatax.com/tm/insights_SEC401K.htm> http://www.bnatax.com/tm/insights_SEC401K.htm Excerpt: "This is not an easy time to be a 401(k) plan fiduciary. With frightening regularity, attacks have been launched by government agencies and plan participants, some successfully, at fiduciaries. And never has the group of potential plan fiduciaries been so large." (Littler Mendelson via BNA Tax Management) ---------------------------------------------------------- IRS Lists Common Mistakes Made by Form 5330 Filers <URL:http://hr.cch.com/news/pen-ben/stories/082704a.asp> http://hr.cch.com/news/pen-ben/stories/082704a.asp Excerpt: "According to the IRS, filers of Form 5330 (Return of Excise Taxes Related to Employee Benefit Plans) commonly make � mistakes or errors in preparing their returns�." (CCH Pension & Benefits News) ---------------------------------------------------------- Morningstar Rolls Out 'Fiduciary Grade' for Mutual Funds (PDF) <URL:http://news.morningstar.com/pdfs/fiduciarygrade.pdf> http://news.morningstar.com/pdfs/fiduciarygrade.pdf 2 pages. Excerpt: "The Morningstar Fiduciary Grade for mutual funds is designed to help investors further research, identify, and compare fund managers and fund companies that do a good job--or a poor job--of aligning their interests with those of fund shareholders." (Morningstar) ---------------------------------------------------------- Pilots Might Alter Their Pension Plans: Northwest Weighs Retirement Benefits <URL:http://www.freep.com/money/business/nwa27e_20040827.htm> http://www.freep.com/money/business/nwa27e_20040827.htm Excerpt: "Continental Airlines Inc. and Northwest Airlines Corp. pilots might offer to revamp their pensions after a United Airlines threat to terminate its pension plans to save money sparked worker fears that a trend might be starting." (Bloomberg via Detroit Free Press) ---------------------------------------------------------- How Do Individual Accounts Work in the Swedish Pension System?" (PDF) <URL:http://www.bc.edu/centers/crr/issues/ib_22.pdf> http://www.bc.edu/centers/crr/issues/ib_22.pdf 10 pages. Excerpt: "In 1998, Sweden introduced a second tier of mandatory individual accounts -- the Premium Pension -- in the public system.... This brief evaluates the Swedish experience with individual accounts to date and discusses the lessons that can be learned from the first four years." (Annika Sund�n published by the Boston College Center for Retirement Research) ---------------------------------------------------------- Opinion: Why 401k Reform Must be on the Presidential Campaign Agenda <URL:http://www.401khelpcenter.com/401k/white_401k_reform.html> http://www.401khelpcenter.com/401k/white_401k_reform.html Excerpt: "It may be too late to reverse many Baby Boomer fortunes; some of them will probably have to keep working into their 70s or later. But reversing the retirement shortfall for their younger cohorts could be readily accomplished by adopting the 10-step legislative reform proposal that tackles three key issues: increasing 401k coverage, boosting 401k account balances and mandating prudent investment practices." (Jane White of the Retirement Solutions Foundation, published by 401kHelpCenter.com) ========================================================== Links To Items on Executive Comp, Benefits In General ---------------------------------------------------------- Frequently Asked Questions (and Answers) About Employee Benefits <URL:http://www.ebri.org/benfaq/> http://www.ebri.org/benfaq/ Excerpt: "If you're looking for fast answers to basic questions about retirement and health issues, we've repackaged a lot of our most popular data in an effort to get you the data you need quickly. In short, we've now posted FAQs (as in frequently answered questions, complete with answers) on the EBRI Web site. It's the perfect venue when you need a quick factoid or data bit rather than the comprehensiveness of an EBRI report." (Employee Benefit Research Institute (EBRI)) ---------------------------------------------------------- FASB Modifies Options Expensing Proposal <URL:http://www.plansponsor.com/pi_type10/?RECORD_ID=26540> http://www.plansponsor.com/pi_type10/?RECORD_ID=26540 Excerpt: " A split Financial Accounting Standards Board (FASB) has retreated a bit on its planned stock option expensing plan by deciding to stick with existing rules on accounting for income taxes of option awards. FASB voted to keep the approach in nine-year old rules on employee stock compensation (FASB Statement No. 123), which the board's March 31 draft expensing plan would replace or amend." (PLANSPONSOR.com; one-time registration required) ========================================================== Newly Posted Events Fundamentals of Health & Welfare Plans in Massachusetts on September 14, 2004 presented by International Society of CEBS - Greater Boston Chapter <URL:http://benefitslink.com/events/detail.php?id=38671> http://benefitslink.com/events/detail.php?id=38671 New Rules, New Opportunities for Consumer Driven Health Care Plans Nationwide on August 27, 2004 presented by Hewitt Associates LLC <URL:http://benefitslink.com/events/detail.php?id=38670> http://benefitslink.com/events/detail.php?id=38670 The Monsanto Decision: What Does It Mean For Pension Plan Sponsors and Members? Nationwide on September 10, 2004 presented by International Foundation of Employee Benefit Plans <URL:http://benefitslink.com/events/detail.php?id=38669> http://benefitslink.com/events/detail.php?id=38669 Trend-Setting Conference Analyzes The Impact of Same Sex Marriage on Employer Benefits Costs in New York on October 25, 2004 presented by Wall Street Transcript <URL:http://benefitslink.com/events/detail.php?id=38668> http://benefitslink.com/events/detail.php?id=38668 Post yours! http://benefitslink.com/events/eventmaint.php ========================================================== Newly Posted Press Releases Ceridian Expands Employee Effectiveness Offerings with Workstream's Employee Discount Program (Ceridian) http://benefitslink.com/pr/detail.php?id=38257 Mullin Consulting Promotes Segal to VP Post (Mullin Consulting) http://benefitslink.com/pr/detail.php?id=38255 Great-West Healthcare Rolls Out Free Employee Education; Program Will Help Employers Control Health Care Costs (Great-West Life & Annuity Insurance Company) http://benefitslink.com/pr/detail.php?id=38258 Statement of Labor Secretary Elaine L. Chao - Association Health Plans Needed to Ensure More Americans Have Access to Affordable Health Insurance (U.S. Department of Labor, Office of Public Affairs, Washington, D.C.) http://benefitslink.com/pr/detail.php?id=38256 Post yours! http://benefitslink.com/pr/maint.php ========================================================== Newly Posted or Renewed Job Openings Pension Paralegal / Plan Administrator for Actuarial consulting and administration firm in NY http://benefitslink.com/modperl/show_a_job.cgi?database_id=H39591 Pension Administrator for The Nolan Company in KS http://benefitslink.com/modperl/show_a_job.cgi?database_id=H39633 Human Resource Legal Consultant for Hewitt Associates in IL http://benefitslink.com/modperl/show_a_job.cgi?database_id=H40367 ERISA Attorney for Large Philadelphia based law firm with over 480 attorneys nationwide. in PA http://benefitslink.com/modperl/show_a_job.cgi?database_id=H40368 Supervisor, Benefits (Retirement) for Allied Waste Industries, Inc. in AZ http://benefitslink.com/modperl/show_a_job.cgi?database_id=H40374 ESOP Administrator for Polycomp Administrative Services, Inc. in Roseville-Northern California in CA http://benefitslink.com/modperl/show_a_job.cgi?database_id=H40376 Post yours! http://benefitslink.com/jobs/post_help_wanted.html =========================================================== Subscribe to the BenefitsLink Welfare Plans Newsletter, Too Sign-up form is at: <URL:http://benefitslink.com/newsletter/> http://benefitslink.com/newsletter =========================================================== Copyright 2004 BenefitsLink.com, Inc.; except that you can forward this email in full (if you also include this boilerplate part) or otherwise reprint this email in full (if you include this boilerplate part) without obtaining our permission. 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