Archives for December 2009 | Compass Corporate Retirement Solutions BLOG

10 Dec

2010 New Benefit Rules

The Benefits Game: Year End Edition

It has been a busy year for benefit professionals. During 2009 numerous new rules have been issued and/or gone into effect that may impact your benefit programs. Other rules require compliance by the end of 2009 or in 2010. Legislation ranging from a complete overhaul of our health care system to additional pension funding relief is pending The following alert is intended to provide an overview of some of the employee benefit issues you should consider before year-end.
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10 Dec

Resolutions for 2010 Will be More Financially Focused

December 10, 2009 — A new study from Fidelity finds more Americans than in the past are resolving to save more and learn more about finances in the coming year. —

The telephone survey of more than 1,000 Americans ages 18 and older indicated that 35% typically consider New Year’s resolutions regarding their finances, but 43% of individuals said they are more likely to consider financial resolutions for the coming year. This number increases to 55% among those ages 35 to 44, Fidelity said.
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10 Dec

DoL: Advisers to Funds in Target-Dates not Fiduciaries

December 10, 2009 — In an advisory opinion, the U.S. Department of Labor (DoL) addressed whether investment advisers to the mutual funds underlying target-date funds used in a retirement plan are plan fiduciaries. —
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