Monthly Archives: April 2007

Carnival of Employee Benefits

Posted on April 27, 2007 by Suzanne Wynn

Organizing this first Carnival has been very interesting. Here is this week’s link post for a little light Friday reading – Enjoy! Brian King presents State Universal Healthcare Coverage Initiatives Will Survive ERISA Preemption posted at Brian King’s ERISA Blog. … Continue reading →

Posted in Carnival of Employee Benefits, Final 409A Regs | 1 Comment

409A Plan Amendment Deadline

Posted on April 26, 2007 by Suzanne Wynn

When the Final 409A Regulations came out earlier this month, I did a quick read of them, and then put them aside. I planned on getting around to thoroughly reviewing them at some point this summer. Because I concentrate on … Continue reading →

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Automatic IRA Act of 2007

Posted on April 25, 2007 by Suzanne Wynn

With the introduction of the Automatic IRA Act of 2007, S. 1141, automatic IRAs have become a topic of conversation again. The Automatic IRA is not a new idea – Congress has seen bills containing automatic IRA provisions in the … Continue reading →

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Decision in AK Steel Cash Balance Class Action Lawsuit

Posted on April 22, 2007 by Suzanne Wynn

One of the important changes made by the Pension Protection Act was the change to whipsaw calculations for cash balance plans. Last Friday, April 20th, the Sixth Circuit Court of Appeals issued one of the first opinions to mention this … Continue reading →

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It’s a Carnival of Employee Benefits

Posted on April 20, 2007 by Administrator

Carnival: noun 1. a festival marked by merrymaking and processions 2. a frenetic disorganized (and often comic) disturbance suggestive of a large public entertainment; “it was so funny it was a circus”; “the whole occasion had a carnival atmosphere” 3. … Continue reading →

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It's a Carnival of Employee Benefits

Posted on April 20, 2007 by Suzanne Wynn

Carnival: noun 1. a festival marked by merrymaking and processions 2. a frenetic disorganized (and often comic) disturbance suggestive of a large public entertainment; “it was so funny it was a circus”; “the whole occasion had a carnival atmosphere” 3. … Continue reading →

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Summarizing the Final 409A Regs

Posted on April 18, 2007 by Suzanne Wynn

Some summaries of the Final 409A Regs: – The law firm of Sutherland Asbill & Brennan has posted a 23-page summary in a Q&A format; – The law firm of Ballard Spahr Andrews & Ingersoll has posted a very short … Continue reading →

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Vesting Schedule Included or Not Included in QBS

Posted on April 17, 2007 by Suzanne Wynn

Interesting question today – should the Quarterly Benefit Statement include the vesting schedule for the plan. The easiest answer to this question is to avoid it all together and provide the alternate notice because the alternate notice does not require … Continue reading →

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DBK Plans and the Shift away from Traditional Defined Benefit Plans

Posted on April 16, 2007 by Suzanne Wynn

Spent some time today going through section 903 of the Pension Protection Act, which is the section on the combined defined benefit/401(k) plans permitted for plan years after December 31, 2009. The question, which I’ve heard several times over the … Continue reading →

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IRS Issues Final 409A Regs

Posted on April 10, 2007 by Suzanne Wynn

Today, the IRS issued the Final 409A regulations along with Notice 2007-34 on the application of 409A to split-dollar life insurance. The Final 409A Regs are as voluminous as anticipated – 397 pages in the single-column version. This makes two … Continue reading →

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