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October 2009 eNews & Views
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VOLUME 7
ISSUE 10
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Vol. 7 Issue 10 October 2009
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CURRENT ISSUE | ARCHIVE
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October 2009 eNews & Views PDF
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| Click here to download a PDF of this issue.
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2009 e-Learning Webinar Series
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Wednesday, November 18 at 2 p.m. ET
How to Successfully Navigate Your 2009 Year-End
Access past Webinar recordings and presentations here
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Plan Sponsor Tools and Links
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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
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Quarterly Participant Newsletter
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| Click below for the Fall 2009 online edition of Investing in Your Future, our award-winning quarterly participant newsletter.
> Click here for English
> Click here for Spanish
> Click here to subscribe to eNews & Views.
> Click here to update subscriber information.
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Wachovia Products and Services
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Sign Up Now for the November Webinar: How to Successfully Navigate Your 2009 Year-End
On Wednesday, November 18 at 2pm ET, we will conduct our fourth annual Webinar on how to successfully navigate your year-end. This Webinar will cover the critical dates and responsibilities that sponsors will need to know to ensure a successful 2009 year-end. Click here to register. Click here or on the title of this article to access the Webinar Resource Center for previous recordings and presentations.
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Important 2009 Year-End Reminders
It is the time of year again for plan sponsors to begin preparations for a successful year-end. We have created this list of important year-end dates and deadlines to help you navigate through this process.
full article>
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Coming Soon: New Participant Video Series: “It’s About Time”
We are currently putting the finishing touches on an exciting new three-part online video series for participants aimed at helping them understand the importance of being financially-prepared for retirement. Each video will encourage employees to take action regarding their 401(k) by addressing the topics of plan enrollment, contribution levels, and investment diversification.
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Industry Insights
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PSCA Releases 52nd Annual Survey of Profit Sharing and 401(k) Plans
New survey shows plan sponsors and participants maintained their commitment to 401(k) plans
The Profit Sharing/401k Council of America (PSCA) released the results of its 52nd Annual Survey of Profit Sharing and 401(k) Plans on September 28, 2009. The annual survey from PSCA provides the most up-to-date information available on current practices and trends in profit sharing and 401(k) plans.
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Legislative and PPA Updates
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IRS Announces 2010 Contribution Limits
The Internal Revenue Service and the Social Security Administration have issued the cost of living increases for qualified retirement plans for 2010. Please note that the 401(k) elective deferral limit (i.e., 402(g)) and the catch-up contribution limit remain unchanged for 2010, as will other limits.
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Reminder: A Plan Sponsor Guide to Annual Participant Notice Requirements
In the past several years, the annual participant notice requirements that plan sponsors need to keep track of have increased at a frantic pace due to two pieces of legislation: The Pension Protection Act of 2006 (PPA) and the Qualified Default Investment Alternative (QDIA) regulations issued in 2007. In order to assist you with your fiduciary and administrative responsibilities, we offer a list of annual notices that may need to be provided.
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IRS Issues Guidance on 2009 Required Minimum Distribution Waiver
On September 24, 2009, the Internal Revenue Service provided additional guidance for retirement plan administrators, plan participants and retirees regarding recent legislation affecting required minimum distributions (RMD). Previously, the Worker, Retiree, and Employer Recovery Act of 2008 waived required minimum distributions for 2009 from certain retirement plans. Notice 2009-82 provides relief for participants who have already received 2009 RMDs this year.
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Investment News
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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 the latest 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.
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Holidays and Trading Deadlines
Each year, particularly during the traditional winter holiday season, there are certain dates when the trading markets are either closed, have an early closing time, or are affected by the Federal Reserve’s closed holiday dates.
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Published by
©2009 Wachovia Corporation. All rights reserved.
Recordkeeping, trustee and/or custody services are provided by Wachovia Retirement Services, a business unit of Wachovia Bank, N.A., a Wells Fargo Company. 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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