Wachovia Retirement Services eNews & Views

June 2009 eNews & Views

VOLUME 7 ISSUE 6

Vol. 7 Issue 6 June 2009

June 2009 eNews & Views PDF

Click here to download a PDF of this issue.

2009 e-Learning Webinar Series

Wednesday, July 15 at 2 p.m. ET
John K. Lynch Presents: 2009 Mid-Year Economic & Market Outlook

Access past Webinar recordings and presentations here

Plan Sponsor Tools and Links

Economic and Financial Markets Update Center

e-Learning Webinar Resource Center

NEW! Plan Sponsor Fiduciary Toolkit
(password = Wachovia2009)

Market Volatility Campaign Center

Retirement Article Center

PPA Resource Center

Access your Plan Sponsor Account

Wachovia.com

Quarterly Participant Newsletter

Click below for the Summer 2009 online edition of Investing in Your Future, our award-winning quarterly participant newsletter.
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Wells Fargo/Wachovia News

Wells Fargo Study: Parents and Children Don't See Eye to Eye When It Comes to Money

On June 16, 2009, Wells Fargo & Company announced results of a recent survey that shows parents and their 18 to 22-year-old children don’t always see eye to eye when it comes to managing personal finances (such as retirement).
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New Edition of Wells Fargo Today Available

The latest edition of Wells Fargo Today is now available. It’s a useful tool for our clients to learn details about Wells Fargo's corporate vision, total assets, national rankings and distribution strength, et al. Click here to read a PDF version.

Awards and Honors

Announcing the 2009 Wachovia Sponsor Excellence Award Winners

The third annual Wachovia Sponsor Excellence Award (WSEA) winners were announced during our June 23, 2009, Webinar titled, “Sponsor Success Stories 2009: Pointers From Your Peers.”
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Wachovia Products and Services

Sign Up Now for the July 15 Webinar: John Lynch's Mid-Year Economic & Market Outlook

On Wednesday, July 15 at 2 p.m. ET, John K. Lynch, Chief Market Analyst for Evergreen Investments, will offer his 2009 Mid-Year Economic & Market Outlook Webinar. Click here to register. Click here or on the title of this article to access the Webinar Resource Center.

Fund Classification Changes Made to Participant Statements and Web Site

We are committed to providing participants with clear and relevant information when it comes to their investment fund choices, especially during times of market volatility when proper diversification is imperative. In order for participants to maintain a proper asset allocation, they must be given the necessary tools to help them understand the type of funds in which they have their retirement money invested. To help your participants with this critical task, we have enhanced the fund classifications on our participant statements and the participant Web site.
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Investment News

Economic and Financial Markets Update Center

Click here or on the title of this article to access the Economic and Financial Markets Update Center, which includes semi-monthly market updates from John K. Lynch, Chief Market Analyst for Evergreen Investments, as well as comprehensive analysis and commentary from other Wachovia economists. Click here to subscribe to these reports directly from Wachovia.com.

Changes Coming to Wachovia Stable Funds

On July 1, 2009, the Stable Investment Fund of Wachovia (SIF) and Wachovia Diversified Stable Value Fund (DSV) will undergo a change: Galliard Capital Management, Inc., a wholly-owned subsidiary of Wells Fargo & Co, will assume investment advisory responsibility of both funds.
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Industry Insights

EBRI Study: Examining Plan Demographics, Participant Saving Behavior and Target-Date Fund Investments

The nonpartisan Employee Benefit Research Institute (EBRI) recently published (May 28, 2009) a study of target-date fund investments, exploring whether plan demographic characteristics would affect individual participant contribution rates and target-date fund investments for participants in relation to plan demographics by considering target replacement income and its success rate.
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The SPARK Institute Addresses 401(K) Plan Fees and Expenses in New White Paper

The SPARK Institute, in a white paper released on May 20, 2009, said that a major misconception about the fees for 401(k) and similar retirement plans is that they are expensive relative to the fees paid by investors in individual mutual funds.
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Legislative and PPA Updates

Proposed Regulations Allowing Suspension or Reduction of Safe Harbor Nonelective Contributions

The IRS has released proposed regulations allowing employers sponsoring safe harbor 401(k) or 403(b) plans to reduce or suspend the plan's safe harbor nonelective contribution if a substantial business hardship exists and other requirements are met.
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EBSA Webcast Replay: Getting Ready for the 2009 Form 5500 and Electronic Filing, June 11, 2009

Sponsored and conducted by the U.S. Department of Labor, Employee Benefits Security Administration (EBSA), this webcast was conducted on June 11, 2009. The replay will be available on EBSA’s Web site until September 10, 2009.
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A Summary of the DOL/SEC Joint Hearing on Target-Date Retirement Funds

On June 18, 2009, the Department of Labor and the Securities and Exchange Commission held a special one-day joint hearing to explore issues relating to target-date or lifecycle funds and other similar investment options. Click here for a summary of the hearing. This special report was created by the Retirement Services Roundtable research team, which attended the hearing.

What Sponsors are Reading

The top three articles in the May 2009 edition of eNews & Views were:

· The SPARK Institute Defends 401(k), Recommends Changes to Increase Coverage and Participation

· Webinar Recording: The Importance of Rebalancing

· Wells Fargo Reputation Fact Sheet

Recordkeeping, trustee and/or custody services are provided by Wachovia Retirement Services, a business unit of Wachovia Bank, N.A. Investments in retirement plans do not guarantee a profit or return of principal. The information contained herein and any information provided by employees and representatives of Wachovia Bank and its affiliates is for educational purposes only and does not constitute investment, financial, tax or legal advice. To the extent that information contained herein concerns tax matters, it is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties that may be imposed by law. This information is general in nature and is not intended to be reflective of any specific plan. Please contact your personal investment, financial tax or legal advisor regarding your specific needs and situation. Please refer to your plan documents for more information about the specifics of your plan.

Investments in retirement plans, other than deposit accounts: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE

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