401K Advisor articles from December 2003

401K Advisor archives from December 2003

Sears to reduce pension costs by moving workers to 401(k) plan, cutting retiree medical subsidies.
December 1, 2003... Sears, Roebuck & Company has announced that it is implementing changes to its retirement and retiree medical plans intended to make it more competitive with other retailers and to "ensure that the benefits provided by the plans are the most...

Form 5500 no longer to be mailed to plans; 2003 version has some minor changes.
December 1, 2003... The Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service, and the Pension Benefit Guaranty Corporation have released the 2003 version of the Form 5500 annual reporting series, as well as tips to...

IRS details application of top-heavy rules to safe harbor 401(k) plans.(Document Update)(Internal Revenue Service )
December 1, 2003... In Revenue Ruling 2004-13, the Internal Revenue Service (IRS) addresses the application of the IRC [section] 416 top-heavy rules to safe harbor 401(k) plans. As amended by the Economic Growth and Tax Relief Reconciliation Act of 2001, IRC...

Perspective on the mutual fund trading scandals.(Investment Corner)
December 1, 2003... The retribution in the circumstance is seen by the understanding; it is inseparable from the thing, but is often spread over a long time, and so does not become distinct until after many years. The specific stripes may follow late after the...

The mutual fund allegations: what is a fiduciary to do?(Q & A)(Interview)
December 1, 2003... From an interview with Becky Steele, Esq. The year ended with allegations appearing almost daily of wrongdoing in the management of mutual funds. Fiduciaries with some or all of a plan's assets invested in mutual funds are likely to be...

Matthews on 401(k).(retirement plans)(Panel Discussion)
December 1, 2003... ABA meets IRS Representatives of the IRS and Treasury Department met with members of the American Bar Association's (ABA's) Tax Section's Employee Benefits Committee on May 9, 2003, to address a variety of questions submitted by ABA...

Regulatory & judicial update.(Illustration)
December 1, 2003... REGULATORY & JUDICIAL UPDATE Item Statement Retirement plan Kimball v. Commissioner (Docket No. distribution used to pay 16640-02S. T.C. Summary Opinion 2004-2) sub-sequent medical...

Contribution amounts and investment choices found in PSCA survey.(Industry Insights)(Profit Sharing Council of America )
December 1, 2003... The 2003 survey of profit-sharing and 401(k) plans, prepared by the Profit Sharing/401(k) Council of America (PSCA), is based on the 2002 plan year experience of 1,046 plans, with nearly 3.2 million participants and more than $244 billion in...