401K Advisor articles from July 2002

401K Advisor archives from July 2002

Employers fail to act to avoid new audit exemption.(small businesses might be required to have audit of employee benefit plans)(Brief Article)
July 1, 2002... Last year, a new DOL regulation became effective for small employer plans (i.e., plans with generally less than 100 participants as of the start of the year). With the new rules taking effect for any plan years beginning after April 17,2001,...

"Confidential" company names featured on public Web site.(companies who underreported payment from employee cash balance plans leaked from census information to web site)(Brief Article)
July 1, 2002... If you are one of those Americans who received the long census information requests asking a series of questions about your personal finances and were concerned about the promised confidentiality of your responses, you may have had reason to...

Section 401(k) & the IRS audit guidelines. (Document Update).(part 2 in a series)(Brief Article)
July 1, 2002... Part 2 This is a continuation from the June issue of 401(k) Advisor where Attorney Michael P. Coyne discusses his review of the IRS audit guide for 401(k) plans. In the previous article, Mr. Coyne discussed irrevocable elections, an IRS...

Investments choices for 401(k) plans: equity mutual funds versus individual stocks. (Investment Corner).(Brief Article)
July 1, 2002... Part 1 of 3 Parts The 401(k) market is now the largest growing asset base investing in mutual funds today Over the last ten years, mutual funds have become the most popular vehicle used in participant directed 401(k) plans. There are...

Supplemental cash balance plans. (Q&A).(part one of a two-part series)(Brief Article)
July 1, 2002... From an interview with Hubert V. Forcier, Esq. Part I of a Two-Part Series As baby boomer professionals and owners of small businesses near their anticipated retirement age, many are finding that they have insufficiently funded their...

Matthews on 401(k).(Brief Article)
July 1, 2002... Understanding the new rollover rules We're just beginning to evaluate the impact of many of the EGTRRA law changes in 2002. Probably one of the more significant changes is the ability to roll over distributions from contributory IRAs and...

Regulatory and judicial update.(IRS rules regarding financial plans for volunteer emergency service workers)(Brief Article)
July 1, 2002... REGULATORY AND JUDICIAL UPDATE Item Statement Status Length of service Private Letter Ruling Program qualifies award plan for 200224002, December 18, 2002 for $3,000 per...

U.S. Department of Labor, Pension and Welfare Benefits Administration: abstract of 1998 Form 5500 annual reports, Private Pension Plan Bulletin No. 11, June 2002. (Industry Insights).(Brief Article)
July 1, 2002... Editor's Note: This is the eleventh edition of the Private Pension Plan Bulletin, which is based on the 1998 Form 5500 filings. Since the early and mid-1980s, the number of 401(k) plans has grown at a rate that in 15 years has led them to...

Cafeteria plan revenue ruling may affect retirement plans. (Last Word On 401(k) Plans).(Brief Article)
July 1, 2002... Recently, the IRS issued Revenue Ruling 2002-27, which authorizes automatic enrollment for cafeteria plans. Although this ruling primarily addresses cafeteria plan issues, it also requires some defined contribution retirement plans to be...