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Benefits Biz Blog 

Focuses on developments in the world of employee benefits.
Post Frequency: 0.2/day Last Entry: November 11, 2008 at 22:33:32 Recent Entries: 56
By Nick Curabba et al.
Go to Benefits Biz Blog, find other Benefits & ERISA Law blogs, or browse all law blogs.
Sen. Baucus Marks Out Turf on Health Care Reform
Posted on November 11, 2008Sen. Baucus Marks Out Turf on Health Care Reform Written by: Nick Curabba Wasting little time to begin the debate over health care reform, Sen. Max Baucus (D-MT), chair of the Senate Finance Committee wrote to President-Elect...
403(b) Talk on YouTube
Posted on November 10, 2008403(b) Talk on YouTube Written by: Nick Curabba Kudos to the National Association of Government Defined Contribution Administrators (NAGDCA) for bringing Bob Architect to the YouTube generation. Following the link here will bring you to a...
Change Election Produces Little So Far on the Hill
Posted on November 06, 2008Change Election Produces Little So Far on the Hill Written By: Nick Curabba Despite the undeniable impact the "change" element had in the Presidential election, as BNA reported this morning, the leadership of the key Congressional committees...
Congress May Address 'Fundamental' Retirement Plan Reform
Posted on October 23, 2008Congress May Address 'Fundamental' Retirement Plan Reform Written by Nick Curabba For the second time in as many weeks, Rep. George Miller (D-CA) has hinted that broad and sweeping legislation addressing the U.S. retirement system may be in the...
RMDs Make the Big Time
Posted on October 13, 2008RMDs Make the Big Time Written by: Nick Curabba While the world's finance chiefs convened over the week to staunch the global market collapse, U.S. Presidential candidates John McCain and Barrack Obama were proposing one "fix" in...
LaRue and the Participant Disclosure Regulations
Posted on October 09, 2008LaRue and the Participant Disclosure Regulations Written by: Bob Toth We have commented in the past on how the REAL impact of the DOL?s ?three pronged? disclosure effort lies not in each discrete set of rules, but...
Retirement Plans and the Troubled Asset Relief Program
Posted on September 30, 2008Retirement Plans and the Troubled Asset Relief Program Written by Both Toth and Nick Curabba Set against the dramatic House vote and ensuing market plunge yesterday, it might be easy to overlook the possible direct implications the...
DC Plans, Distributed Annuities, Spousal Consent and QJSAs
Posted on September 26, 2008DC Plans, Distributed Annuities, Spousal Consent and QJSAs Writte by Bob Toth One of the most nagging issues related to distributing annuities from defined contribution plans is how and when to apply the spousal consent and...
403(b) Rollovers vs. 403(b) Exchanges
Posted on September 23, 2008403(b) Rollovers vs. 403(b) Exchanges Written by: Bob Toth A law school classmate and partner at a major Michigan law firm dropped me a note the other day. She had one of those tricky 403(b) questions that...
The DOL's New Math: Form 5500 + 408(b)(2) = Fireworks
Posted on September 11, 2008The DOL's New Math: Form 5500 + 408(b)(2) = Fireworks Written by Bob Toth "Were there any nonexempt transactions with any party in interest?" Plan administrators have been answering that question (or versions of it) on...
'Two' Works for 403(b) Plans
Posted on September 08, 2008'Two' Works for 403(b) Plans Written by: Bob Toth At long last, a DOL official has spoken publicly about what constitutes a "reasonable choice" under its 403(b) "safe harbor," 2510.3-2(f)(3)(vii). At stake here is the answer...
The New 403(b) Plan Documents and ERISA
Posted on August 29, 2008The New 403(b) Plan Documents and ERISA Written by: Bob Toth As we sit down and attempt to craft our new 403(b) plan documents to meet the January 1 deadline, that dreaded question of whether or not...
DOL Advises on Advice
Posted on August 26, 2008DOL Advises on Advice By Nick Curabba Readers of this blog have no doubt noticed the Department of Labor's latest pieces of regulatory guidance on investment advice (proposed regulations and a proposed class exemption). The guidance was issued...
DOL's New Thinking on Schedule C
Posted on July 18, 2008DOL's New Thinking on Schedule C Written by: Nick Curabba Kudos to fellow blogger (and lawyer) Andrew Oringer who, writing for BNA's Pension and Benefits Blog on the new Department of Labor FAQs on Schedule C of...
Clarifying 'Information Sharing Agreements'
Posted on July 15, 2008Clarifying 'Information Sharing Agreements' Written by Bob Toth The new 403(b) regulations introduced a new term of art into the industry, the "Information Sharing Agreement." Conversations that I have had with a number of consultants, attorneys...
Annuitization Publication
Posted on July 09, 2008Annuitization Publication Written by: Bob Toth We have mentioned the use of annuities a few times on this blog, and we recently published an article with CCH which explained how the Qualified Plan Distributed Annuity (the "QPDA")...
Investment Advice Arrangements Meet Plaintiffs' Lawyers
Posted on July 08, 2008Investment Advice Arrangements Meet Plaintiffs' Lawyers Written by: Nick Curabba With so much attention being paid these days to the Department of Labor's fee disclosure initiative, it may be easy to overlook another significant piece...
Ways and Means Committee to Discuss IRAs
Posted on June 26, 2008Ways and Means Committee to Discuss IRAs Written by Nick Curabba In advance of today's hearing of a subcommitee of the House Ways and Means Committee, the Joint Committee on Taxation has issued a report detailing the...
DC DB-ification Picking Up Steam
Posted on June 17, 2008DC DB-ification Picking Up Steam Written by: Nick Curabba It seems to us that there has been more and more attention paid to an issue we have blogged about here -- annuitization from defined contribution plans. As...
403(b) Commissions: In Defense Of (Reasonable) Compensation
Posted on June 10, 2008403(b) Commissions: In Defense Of (Reasonable) Compensation Written by: Bob Toth With all the focus being paid these days to those "evil" 403(b) commissions, we think it's time to present an argument in defense of reasonable compensation...
Automatic Annuitization Proposed
Posted on June 06, 2008Automatic Annuitization Proposed Written by Nick Curabba Defined contribution plan participants would automatically get temporary annuity-like benefit distributions under a new proposal floated today by several authors affiliated with the Retirement Security Project...
ERISA is Cool, After All...
Posted on May 27, 2008ERISA is Cool, After All... Written by: Nick Curabba Any blogger cool enough to mention rocker Meatloaf, punk band The Clash, and ERISA all in one post deserves credit. But combine all that, as Jerry Kalish of...
Large AND Small 403(b) Plans: Beware of Schedules H and I
Posted on May 23, 2008Large AND Small 403(b) Plans: Beware of Schedules H and I Written by: Bob Toth Practitioners and financial service companies are all well aware of the new ways in which the Form 5500 rules apply to...
White House Orders End-of-Term Reg Slowdown
Posted on May 22, 2008White House Orders End-of-Term Reg Slowdown Written by Nick Curabba That loud shuffling noise you hear is the sound of federal regulators preparing proposed regulations for publication in the Federal Register in advance of a newly imposed...
More on QDIA Guidance...
Posted on May 12, 2008More on QDIA Guidance Written by Nick Curabba As we noted on this blog last week, the Department of Labor's new FAB 2008-03 provides some guidance on how the notice requirements of the new QDIA regulations work. In...
To Redline or To Not Redline...
Posted on May 09, 2008To Redline or To Not Redline... Written by Nick Curabba Back in February, we blogged about the IRS's odd new requirement to provide redlined plan documents with Cycle C determination letter requests. It appears that....
A Fly in the Ointment: Transparency, Annuity Contracts, and State Insurance Departments
Posted on May 07, 2008A Fly in the Ointment: Transparency, Annuity Contracts, and State Insurance Departments Written by: Jared Danilson With the DOL's increasing focus on fee transparency and disclosure, and with the growing market for annuities in defined contribution plans,...
DOL Clarifies QDIA Notice Requirements
Posted on May 05, 2008DOL Clarifies QDIA Notice Requirements Written by: Nick Curabba More than four months after the Department of Labor's qualified default investment alternative regulations became effective, the Department last week issued much needed guidance clarifying the rule's application...
Muddying the DC Waters: A Case for Simplification
Posted on April 28, 2008Muddying the DC Waters: A Case for Simplification Written by: Nick Curabba We have blogged here in the past about the "DB-ification" of defined contributions plans. By it we mean simply that as traditional defined benefit plans continue to be...
House Committee Would Require Greater 401(k) Disclosure
Posted on April 18, 2008House Committee Would Require Greater 401(k) Disclosure Written by: Nick Curabba The House Committee on Education and Labor this week favorably reported expansive fee disclosure legislation sponsored by Chairman George Miller (D-CA)...
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Employee Retirement Income Security Act of 1974
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What are Prepaid Legal Benefit Plans
Can I sue my employer for being unethical, undue stress, and making false promises to get me to stay at my job?
You can sue him personally for it. It's can fall under harassment and possi...
How are social security death benefits split between multiple surviving spouses?
Both would receive the same benefit amount, without either being reduced from wh...
Can you claim Soc Sec Disability from a Railroad Injury while seeking a FELA claim?
Yes, but like everything that involves money there are big giant 'maybes...
How do i find out if a deceased relative left a will?
How can I find out if my deceased brother left a will?...
What are the different types long term care policy?
These are the different types of long term care policy:
1. Reimburs...

Can I sue my employer for being unethical, undue stress, and making false promises to get me to stay at my job?
You can sue him personally for it. It's can fall under harassment and possi...
How are social security death benefits split between multiple surviving spouses?
Both would receive the same benefit amount, without either being reduced from wh...
Can you claim Soc Sec Disability from a Railroad Injury while seeking a FELA claim?
Yes, but like everything that involves money there are big giant 'maybes...
How do i find out if a deceased relative left a will?
How can I find out if my deceased brother left a will?...
What are the different types long term care policy?
These are the different types of long term care policy:
1. Reimburs...








