SIMPLE 401(k), SIMPLE IRA plans (BenefitsLink.com)Headlines re SIMPLE 401(k), SIMPLE IRA plans, gathered by BenefitsLink.comGuidance Overview Winter 2008 Edition of IRS 'Retirement News for Employers' (PDF)- (Found June 29, 2008 ) 10 pages. Articles include 'Keeping Your Plan in Compliance' and 'Using a Plan Amendment for Correction in the Self-Correction Program." (Internal Revenue Service)http://www.irs.gov/pub/irs-tege/rne_win08.pdf Kutak Rock COLA Chart for 2007 Also Shows How 2008, 2009 and 2010 Figures Will Be Calculated- (Found June 29, 2008 ) For each of the as-yet undetermined limitation figures, the chart prepared by the Kutak Rock law firm contains a handy brief explanation of how each particular figure will be calculated for 2008 and future years. For example, some figures are indexed in $500 increments; others in increments of $1,000 or $5,000, etc. (Kutak Rock LLP)http://www.kutakrock.com/index.cfm?fuseaction=DspNewsDetails&id=992&site_id=0&... New Resource: ERISA and Employee Benefits Search of the Web's Best Articles and Sites- (Found June 29, 2008 ) The ERISA and Employee Benefits Search of the Web's Best Articles and Sites is our new, customized search engine specifically designed for employee benefits professionals. It's powered by Google.com, and searches only the most important, thorough and timely articles and sites that have been handpicked by the editors at BenefitsLink.com over the past 10 years. If your job involves employee benefit plan compliance, administration, design and policy, the new search engine is for you!...http://benefitslink.com/erisasearch/index.html Employee Fired for Plan Inquiry Awarded Damages- (Found June 29, 2008 ) Excerpt: "The US District Court for the District of Minnesota has awarded damages and attorney's fees to a former Midwest Telephone Sales & Service, Inc. employee who claimed she was fired for questioning her employer about company match contributions for her SIMPLE IRA plan account." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=35573 Full Text: Winter 2007 Edition of 'Employee Plan News' from the Internal Revenue Service (PDF)- (Found June 29, 2008 ) 21 pages. Excerpt: "This edition contains . . . All I Want for Christmas is Some Pension Protection Act Guidance . . . Critical FewPoints by Director, EP Examinations . . . EGTRRA List of Master and Prototype and Volume Submitter Defined Contribution Plans is Posted!! . . . Interim and Discretionary Amendments for 2006 . . . SIMPLE IRA Relief for EGTRRA Set to End December 31, 2006 . . ." (Internal Revenue Service)http://www.irs.gov/pub/irs-tege/win07.pdf BenefitsLink Named 'Best of the Web' by Human Resource Executive Online- (Found June 29, 2008 ) We're the only site in the 'Benefits' category! Thanks for letting us share this news with you. Excerpt: "With that in mind, we considered it fitting to present in this anniversary issue 10 of the best HR Web sites and 10 of the best HR blogs for your browser's FavoritesBookmarks list. . . . If it's about benefits, you'll find something about it on BenefitsLink. Just a cruise down its left side navigationlinks bar, and you quickly get the idea how they chose the site's name back in...http://www.hreonline.com/HRE/story.jsp?storyId=10811821 A Study of the American System of Savings Plans and How Savers Are Using Them- (Found June 29, 2008 ) 41 pages; from 2006. Excerpt: "The profile of savings plan contributors is remarkably consistent across all plans: most are employed, earning in the top-half of the income distribution, middle-aged, married, and educated. Account sizes vary widely with an average size in a 529 plan of $9,700, about $57,000 in a 401(k) plan, and $45,000 in the Thrift Savings Plan. Median account sizes in 401(k) plans were about $20,000, traditional IRAs held $24,000, and Roth IRAs held less than...http://papers.ssrn.com/sol3/papers.cfm?abstract_id=981212 Employers Can Help Workers Set Up Retirement Plan- (Found June 29, 2008 ) Excerpt: "A SIMPLE allows you to set up an IRA (a SIMPLE-IRA) for yourself and each of your eligible employees as long as you have less than 100 employees. Employees can elect to make pre-tax contributions of 100 percent of their pay up to $10,500 in 2007 ($13,000 if age 50 or older)." (Dayton Courier)http://news.rgj.com/apps/pbcs.dll/article?AID=/20070620/DAYTON/706200432/1144/NEWS Excellent Resource for Breaking Courts of Appeals Cases on ERISA Matters- (Found June 29, 2008 ) The link we've provided for you sorts the cases by date; newest cases appear up top. Definitely one to bookmark! (FindLaw.com)http://caselaw.lp.findlaw.com/scripts/viewcase.pl?court=0&subject=ERISA&casenum=&a... Please Take Survey by IRS Advisory Group: Improving the Employee Plans Compliance Resolution System (EPCRS)- (Found June 29, 2008 ) Excerpt: "Are an attorney, accountant, consultant, third-party administrator or other kind of retirement plan practitioner Please help an official IRS advisory group supply the IRS with ideas for improving the Employee Plans Compliance Resolution System, by completing this online survey or emailing your response to the group. The deadline is the end of this week (October 19)." (IRS Advisory Committee (ACT) on Tax Exempt and Government Entities)http://benefitslink.com/cgi-bin/srv/act-epcrs.cgi |