Bill Would Provide Pensions for Workers - Summary: Companies that provide “lavish” executive benefits would also have to provide defined benefit pensions for all employees under a bill introduced today. Located at: Investmentnews.com (free registration may be required), June 2007. Click on headline for full article.

Insurers Stance on 401k Policy Opposed - Summary: Consumer groups are urging the White House Office of Management and Budget to support a Labor Department proposal that would exclude stable-value insurance products as a suitable default investment for 401k participants. Located at: Forbes.com, June 2007. Click on headline for full article.

Solo 401k Plans - Great Benefit for the Sole Proprietor - Summary: Solo 401k plans are ideal for individuals who can save large sums. With an individual 401k, you save both as an employee and an employer. That feature allows the typical business owner to put away more than in most retirement plans. Located at: Accountingweb.com, June 2007. Click on headline for full article.

Red, Yellow, and Green: A Taxonomy of 401k Portfolio Choices - Summary: One measure of financial literacy is the quality of portfolio decision-making in 401k plans. This study applied a qualitative framework to a dataset of nearly three million 401k accounts to discover what percentage of participants construct good (green), too-aggressive or too-conservative (yellow) or poor (red) portfolios. Located at: Pension Research Council, The Wharton School (free registration may be required), June 2007. Click on headline for full article.

COMMENTARY: How to Make a 401k a True Retirement Plan - Summary: The author states, "Most participants don't particularly want to manage their own assets, are generally considered not to do a very good job of it, and don't 'trade' very often. Personally, I think the notion that a non-finance professional could consistently beat the performance of finance experts to be highly counterintuitive." Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

Supreme Court to Review 401k Plan Case - Summary: The U.S. Supreme Court on June 18, 2007 announced it will review a case involving the ERISA remedies available to 401k plan participants when plan administrators fail to carry out their investment instructions. Located at: Benefitslink.com, June 2007. Click on headline for full article.

Half-Baked Investment Concepts for Retirees - Summary: This paper looks at the three most popular investment models offered to retirees by investment professionals, and shows how, according to the paper, they are potentially harmful rather than helpful. Located at: Still River Retirement Planning Software , June 2007. Click on headline for full article.

COMMENTARY: Deere/Fidelity Fee Case - Summary: Nevin Adams comments, "With all the tact of a law professor dressing down a first-year student, U.S. District Judge John Shabaz of the U.S. District Court for the Western District of Wisconsin last week dismissed one of the so-called 401k revenue-sharing lawsuits brought by the St. Louis-based law firm of Schlichter, Bogard & Denton – and did so in just 18 pages." Located at: Plan Sponsor Institute Blog, June 2007. Click on headline for full article.

Roth Five-year Chart Updated - Summary: Chart of designated Roth distribution, taxation and reporting, and final regulations highlights of the rollover rules (with citations). Located at: McKay Hochman, June 2007. Click on headline for full article.

Qualified Automatic Contribution Arrangement (QACA) - Summary: The Pension Protection Act provides new incentives for implementing automatic enrollment in 401k plans on or after January 1, 2008. Perhaps the most interesting provision is a new safe harbor automatic enrollment program known as a "qualified automatic contribution arrangement" or QACA. Located at: McKay Hochman, June 2007. Click on headline for full article.

Retirement Plans Must Embrace All Generations - Summary: The American workforce is heavily populated with three generations: baby boomers, Gen Xers and Gen Yers. Each generation is vastly different from the others, with different retirement needs, but they all have a couple of things in common: most are not saving enough for retirement, don't know where to begin and find the process confusing and difficult. Located at: Employee Benefit News (free registration may be required), June 2007. Click on headline for full article.

Updated Primer on DC Fee Disclosure - Summary: Recognizing that clear and understandable information about defined contribution plan fees are vital to employees in these plans, the Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals has released this updated version of its primer on "Defined Contribution Fee Disclosure Best Practices." Located at: Association for Financial Professionals , June 2007. Click on headline for full article.

Judge Throws Out Deere-Fidelity Fee Suit - Summary: Efforts to battle plan sponsors and providers over retirement plan fees have been dealt a major legal setback with a ruling by a federal judge in Wisconsin to throw out an excessive fee suit against Deere & Co. and two Fidelity Investments units. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

Declare 401k Freedom From the Tax Man - Summary: When it comes to finding the best tax treatment for your retirement funds, there are just three words: Location, location, location. Located at: Money.CNN.com, June 2007. Click on headline for full article.

2007 Recordkeeping Survey - Summary: As a complement to our Defined Contribution Survey - which measures how satisfied DC clients are with their providers - the Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

Target-Date/Risk-Based Fund Guide: Inside the Guide - Summary: Target-Date/Risk-Based funds that appear to make that investment decision so much easier for participants actually present plan sponsors, as well as financial advisers, with a more difficult decision making process, at least if they are fulfilling their fiduciary ­responsibilities. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

Deere 401k Fee Disclosure Case Dismissed - Summary: Many people had thought the complaints in these 401k fee cases contained sufficient fact allegations that courts would wait until after discovery to decide them. Unexpectedly, the court dismissed the case based on the complaint and the plan documents. Located at: Pension & Benefits Blog, June 2007. Click on headline for full article.

Study of Employee Benefits Trends - Summary: For the fifth consecutive year, MetLife has surveyed employers and employees across the U.S. and compiled the results in its annual Study of Employee Benefits Trends. The Study provides an insightful picture of the U.S. benefits landscape that can help you take action. Located at: MetLife, June 2007. Click on headline for full article.

District Court Order in Hecker et al v. Deere/Fidelity - Summary: This is a copy of the District Court order granting the motion to dismiss in Hecker et al v. Deere & Company/Fidelity 401k fee case. Located at: American Benefits Council , June 2007. Click on headline for full article.

401k Fee Suits: Fidelity: 1, Schlichter: 0 - Summary: Fidelity has won the first skirmish of a legal war that started last fall when a class action firm targeted for allegedly charging excessive fees in the John Deere 401k plan. Defined contribution plan industry insiders are closely watching the case since a Fidelity loss could have wide ranging impact in that market. Located at: Investmentwires.com, June 2007. Click on headline for full article.

Litigation About 401k Fees - Summary: Most plan sponsors and advisers are aware of the class action litigation against major American corporations and their providers concerning 401k costs and revenue sharing. What can plan sponsors and committee members do to avoid being caught up in this type of litigation? Located at: Reish Luftman Reicher & Cohen, June 2007. Click on headline for full article.

Revenue Sharing and Indirect Payments - Summary: The rule is that fiduciaries have to know about money or any other thing of value that is being paid indirectly to any plan provider or service provider—-if a payment relates to the plan or to any plan transactions. Located at: Reish Luftman Reicher & Cohen, June 2007. Click on headline for full article.

Fiduciary Responsibility for 401k Fees and Expenses - Summary: Fiduciaries are becoming increasingly more concerned about their responsibilities for understanding and evaluating costs and revenue sharing. This article discusses the DOL's view of the responsibility of plan fiduciaries. Located at: Reish Luftman Reicher & Cohen, June 2007. Click on headline for full article.

Maintaining Confidentiality: Publicly-Traded Company Stock in 401k Plans - Summary: For plans that offer publicly-traded company stock as an investment option, the regulations under 404(c) impose an additional requirement. That requirement is a confidentiality procedure for the information related to the purchase, sale and holding of company stock and the exercise of voting rights. Located at: Reish Luftman Reicher & Cohen, June 2007. Click on headline for full article.

Status of Default Investment Regulations - Summary: The PPA directed the DOL to issue a regulation defining the types of default investments that qualify for the fiduciary safe harbor by February 17th-—a few months ago. The DOL issued a proposed regulation last year, but that proposal turned out to be highly controversial and the final regulation has been delayed . . . perhaps until July or August. Located at: Reish Luftman Reicher & Cohen, June 2007. Click on headline for full article.

Automatic Enrollment: More Choices, More Decisions for Plan Sponsors - Summary: The PPA has provided opportunities which will help participants save more for retirement, simplify the investment process and provide fiduciary relief to plan sponsors. One of those opportunities is automatic enrollment. Many plan sponsors had concerns implementing automatic enrollment and this article discusses many of those concerns. Located at: ERISA Diagnostics , June 2007. Click on headline for full article.

Advice to Take, Advice to Ignore on Retirement - Summary: Over the past decade, academics and investment advisers have done a heap of research into retirement issues, including how much to save, when to claim Social Security and how best to draw down a portfolio. But most folks just aren't paying attention – and the rest don't seem to like the advice. Here are a few things to consider. Located at: The News Tribune, June 2007. Click on headline for full article.

Auto Enrollment, Roth 401ks Gaining Ground, Soon May Be the Norm - Summary: Automatic enrollment and Roth 401k accounts are gaining in popularity and may soon become the norm for 401k plans, according to a recent survey conducted by the Employee Benefit Research Institute and Mercer Human Resource Consulting. Located at: 401khelpcenter.com, June 2007. Click on headline for full article.

Vesting and Benefit Statements - Summary: The Pension Protection Act of 2006 says that plans with participant direction of investment must provide quarterly benefit statements. These statements must include vesting information. However, the law allows the plan to provide vesting information annually in a separate statement. Located at: Sungard/Relius, June 2007. Click on headline for full article.

Labor Department to Hold Hearing on Computer Model Advice Programs - Summary: The U.S. Department of Labor's Employee Benefits Security Administration will hold a public hearing July 31 to assess the feasibility of using computer models to provide advice to participants with individual retirement accounts and similar plans. Located at: U.S. Department of Labor, June 2007. Click on headline for full article.

Participants Restrained with Asset Movement in May - Summary: 401k participants traded very modestly in May, with daily average net transfer activity at only 0.03% of balances and no days of above-normal transfer activity, according to the results of the Hewitt 401k Index. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

DOL Asks for Comments Regarding Plan Loans to Parties in Interest - Summary: The U.S. Department of Labor (DoL) is seeking comment regarding its information collection procedures in cases of retirement plan loans made to participants and beneficiaries who may be considered parties in interest to the plan. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

Retirement Issues Remain on Legislative Agenda - Summary: After the drawn-out and arduous pension reform debate preceding enactment of the Pension Protection Act last summer, Congress is unlikely to pursue new pension legislation this year. However, lawmakers are discussing a variety of retirement issues. Located at: Watson Wyatt Worldwide, June 2007. Click on headline for full article.

Fees and Expenses of Mutual Funds - Summary: The cost of owning mutual fund shares continued to decline last year, to the lowest levels in more than a quarter century, according to this research published by the Investment Company Institute. Located at: Investment Company Institute , June 2007. Click on headline for full article.

COMMENTARY: Disclosure Seen as Antidote to Soft-Dollar - Summary: Despite the hurly-burly set off by Securities and Exchange Commission Chairman Christopher Cox's request that Congress eliminate soft-dollar safe harbors, industry insiders argue that such a change will result in nothing but toil and trouble for retail investors. Located at: Financial-planning.com, June 2007. Click on headline for full article.

ETFs Expected to Gain Mass-market Traction - Summary: Exchange-traded funds still may be relatively uncharted territory to many investors, but they are predicted to infiltrate the mass market in the coming years. Located at: Employee Benefit News (free registration may be required), June 2007. Click on headline for full article.

More Employers Shorten 401k Eligibility Period - Summary: To help workers get a head start on retirement savings, more firms are embracing an earlier eligibility for 401k enrollment. Located at: Employee Benefit News (free registration may be required), June 2007. Click on headline for full article.

Lessons from Litigation: Plan Sponsors in the Courtroom - Summary: Retirement plan sponsors are curious to know what they need to do to avoid a costly courtroom appearance. This article talks about what is being learned from current lawsuits for breach of fiduciary duty. The author reveals what is going on behind closed doors in these cases. Located at: The Fiduciary Blog, June 2007. Click on headline for full article.

Effective Monitoring of Outsourced Plan Recordkeeping and Reporting Functions - Summary: This article assist a plan sponsor, administrator, or trustee in understanding the importance and benefits of establishing an effective monitoring program over third-party service providers that perform recordkeeping and reporting functions for your employee benefit plan. Located at: American Institute of Certified Public Accountants , June 2007. Click on headline for full article.

Think Beyond PPAs Required Participant Communications - Summary: The PPA new statement requirements creates an opportunity to build employee appreciation and enhance retention by going beyond simply complying with these new requirements. Located at: BNAtax.com, June 2007. Click on headline for full article.

Post-Retirement Money Management - Summary: 401k plan sponsors are going beyond just helping employees save enough for retirement. They're also helping employees who are about to retire figure out how to manage their income when their working days are over. Located at: Workforce.com (free registration may be required), June 2007. Click on headline for full article.

IRS Issues Final Roth 401k Regulations - Summary: The IRS has issued Roth 401k final regulations that address the taxation of distributions, rollovers, reporting and recordkeeping. The final regulations generally adopt the provisions of the proposed regulations with some modifications. Located at: Watson Wyatt Worldwide, June 2007. Click on headline for full article.

An Inside Look at the Investment Principles of the Vanguard Target Retirement Funds - Summary: In this interview, John Ameriks, Ph.D., a principal and senior investment analyst in Vanguard's Investment Counseling & Research group, provides some insight on Vanguard's investment philosophy, sophistication, customization, and other issues related to the Target Retirement Funds. Located at: Vanguard, June 2007. Click on headline for full article.

DOL Clarifies QDRO Timing and Modification Rules - Summary: The Department of Labor has issued interim final rules clarifying that the mere timing or modification of domestic relations orders will not disqualify them as qualified domestic relations orders (QDROs). Located at: The Segal Group, June 2007. Click on headline for full article.

Staggered Remedial Amendment Period Revenue Procedure - Summary: Revenue Procedure 2007-44 was issued by the IRS on June 13, 2007. The revenue procedure clarifies, modifies and supersedes Revenue Procedure 2005-66, in which the IRS established a system of remedial amendment cycles under section 401(b) of the Code for individually designed and pre-approved plans. Located at: IRS, June 2007. Click on headline for full article.

QDIAs – The Investment Advisor's Role - Summary: This article is focused on the fiduciary practices that are most likely to include the involvement of an investment advisor—the (1) evaluation, (2) selection, and (3) monitoring of QDIAs. Located at: FI360.com , June 2007. Click on headline for full article.

New Benefit Platform For Life Security - Summary: ERIC and a coalition of the country's largest employers have called for a new option, and opened the door for a nation-wide discussion about how better to deliver retirement and health security to all Americans as well as respond to the needs of employers, release report. Located at: ERISA Industry Committee , June 2007. Click on headline for full article.

Final Roth 401k Regulations Released - Summary: Employers should ensure their trustees and third-party administrators comply with the final Roth 401k distribution, rollover and taxation rules. Located at: McDermott Will & Emery, June 2007. Click on headline for full article.

US Retirement Trends Over the Past Quarter-Century - Summary: These charts and figures give a quick overview of the changing trends in retirement plan coverage among American workers. Located at: Employee Benefit Research Institute , June 2007. Click on headline for full article.

IRS Defines Normal Retirement Age - Summary: The IRS recently issued final regulations defining normal retirement age for defined benefit or money purchase pension plan purposes, including benefit accrual and minimum vesting rules under Section 411. These regulations, which are generally effective May 22, 2007, finalize one aspect of proposed regulations issued in 2004 that were designed to sanction certain phased-retirement programs. Located at: Buck Consultants , June 2007. Click on headline for full article.

Why Some Workers Don't Take 401k Plan Offers - Summary: This paper examines workers who do not choose to participate in pension plans offered by their employers. It investigates reasons why and, in particular, it investigates the role of inertia and similar behavioral explanations for nonparticipation. Located at: CERP , June 2007. Click on headline for full article.

Fund Governance Best Practice Principles - Summary: Fund governance best practices can provide greater transparency to the governance of institutional investors and help fund trustees and other fund fiduciaries fulfill their responsibility to act solely on the behalf of the fund's beneficiaries, eschewing policies motivated by political, social, or other alternative rationales that are inconsistent with the savings and benefit provision objectives whose purpose is the heart of the fund's existence. Located at: Stanford Law School , June 2007. Click on headline for full article.

COMMENTARY: Target Date Funds - Summary: The author says, "In nearly 30 years working with employer-sponsored retirement plans, I am hard-pressed to call to mind a product innovation that has been adopted with as much vigor as the current generation of target-date funds." Located at: Plansponsor Institute Blog, June 2007. Click on headline for full article.

It Is High Noon for 12b-1 Fees - Summary: The SEC plans to decide by the end of the year whether to reform 12b-1 fees or eliminate them altogether, and proponents of both alternatives are poised to try swaying its decision. Located at: Investmentnews.com (free registration may be required), June 2007. Click on headline for full article.

401k Recordkeeper Change Continues to Lag - Summary: 401k plan sponsors don't like changing recordkeepers. Though recordkeeper switches are rare, the need by plan sponsors for a seasoned retirement professional is greater than ever. Located at: Employee Benefit News, June 2007. Click on headline for full article.

Retail Funds Lose Favor in Some 401k Plans - Summary: More company retirement plans are dumping retail mutual-fund offerings to save costs, and it is often savers themselves who are reaping the benefits, experts say. Still, investors need to be aware of a few caveats. Located at: Orlando Sentinel, June 2007. Click on headline for full article.

401k Education Hits MySpace - Summary: Industry start-up trying to change young Americans' attitude about retirement planning. Located at: Financial-planning.com, June 2007. Click on headline for full article.

COMMENTARY: Gunfight at the 4O1 K Corral - Summary: The authors asks, "Has the time come for another historic showdown between the rule of law and what some are boldly characterizing as open banditry in the 401k marketplace?" Located at: 401khelpcenter.com, June 2007. Click on headline for full article.

A Conversation with a Fiduciary - Summary: Earlier this year, Matthew Hutcheson testified before a Congressional committee about high and hidden fees in retirement plans. In this guest column for MorningstarAdvisor.com, the independent pension fiduciary envisions a conversation between a CEO of a small company and a fiduciary. As we shall see, the CEO has a thing or two to learn about his fiduciary responsibility to his employees. Located at: Morningstar, June 2007. Click on headline for full article.

Compliance Checklist 2007 - Summary: This checklist is a "quick glance" resource to help you meet plan reporting and disclosure requirements for plans subject to the reporting and disclosure requirements of Defined Benefit Plans, Defined Contribution Plans, and 403(b) Plans that are subject to ERISA. Located at: Prudential Financial , June 2007. Click on headline for full article.

Plan Sponsors See Commission Disclosure as Positive - Summary: More than two-thirds of plan sponsors and more than 60% of investment managers say they want the Securities and Exchange Commission to draw clearer lines for disclosure requirements for commissions paid to brokers for research and trade execution, a recent study suggests. Located at: Plansponsor.com (free registration may be required), June 2007. Click on headline for full article.

DC Plans and Socially Responsible Investing - Summary: This survey was commissioned by the Social Investment Forum to document the state of socially responsible investment (SRI) options within defined contribution (DC) plans in the United States. It provides a look at the current status and future outlook for SRI options in DC plans from the perspective of plan sponsors, plan administrators, and consultants. Located at: Social Investment Forum , June 2007. Click on headline for full article.

Retirement Investing: a New Approach - Summary: This paper suggests ways to take full advantage of these theoretical advances and market innovations to improve the risk/reward opportunities available to individuals in self-directed retirement accounts (e.g., IRAs and 401k plans). Located at: Financial Engineering News, June 2007. Click on headline for full article.

ASPPA Comments on PPA Benefit Statement Requirements - Summary: ASPPA submitted comments to the DOL recommending certain disclosure requirements be considered with respect to forthcoming benefit statement guidance under PPA §508(a). Located at: ASPPA , June 2007. Click on headline for full article.

Does Your Puerto Rico Qualified Retirement Plan Allow for Installment Payments? - Summary: P.R.-only qualified plans are generally designed as mirror plans of the equivalent U.S. plans. There is one area, however, where oftentimes U.S. and international companies simply replicate the U.S. plan terms when designing their P.R.-only qualified plans without realizing that it would be better to use different terms: the plan's alternatives for distribution. Located at: BNAtax.com, June 2007. Click on headline for full article.

COMMENTARY: Life Lines - Summary: There's little question that the 401k has attained a certain ubiquity. But we shouldn't assume that just because more workers have an earlier ability to participate in a 401k plan—and for their entire working lives—that they will do so. Located at: Plansponsor Institute Blog, June 2007. Click on headline for full article.

Qualified-Default-Investment Alternatives and You - Summary: Plan sponsors often turn to investment advisers for assistance in managing their fiduciary roles and responsibilities. Considering the added complexities associated with QDIAs, the author believes that the investment adviser will play an even more critical role in their application. Located at: Investmentnews.com (free registration may be required), June 2007. Click on headline for full article.

Are SMAs Appetizing For 401k plans? - Summary: It's no secret that, for most individuals, 401ks are their primary savings vehicle for retirement. Essentially “do it yourself” plans, more participants than ever before are asking for professional investment advice and a larger number of these individuals are educating themselves about their investment choices, including separately managed accounts (SMAs). Located at: Financial Advisor Magazine, June 2007. Click on headline for full article.

Wall Street Journal Online/Harris Interactive Poll - Summary: According to this new survey, 69% of employed U.S. adults receive some type of retirement or other savings benefit from their employers and just under half of employed adults can participate in a 401k plan. Located at: Harris Interactive , June 2007. Click on headline for full article.

Minority Workers Confident About Retirement, but Preparations Lag - Summary: Although minority workers are at least as likely as American workers overall to feel confident about their retirement security, their preparations lag behind, according to the 2007 Minority Retirement Confidence Survey released June 5th. Located at: 401khelpcenter.com, June 2007. Click on headline for full article.

COMMENTARY: Company Stock in 401k Plans Can Be Damaging - Summary: Company stock held within 401ks is like a bull in a china shop: A lot of damage can be done in a short amount of time. Located at: Bloomberg, June 2007. Click on headline for full article.

COMMENTARY: An Insider's View of 401k Fees - Summary: The authors says, "In the 401k world, much to do has been made in the past two years about fees and revenue sharing. Lawsuits, DOL inquiries, and congressional investigations have brought about the media spotlight that, in my opinion, will result in a legislative solution that will no doubt be overkill." Located at: 401khelpcenter.com, June 2007. Click on headline for full article.

Driving Higher Levels of Workforce Retention and Engagement - Summary: An approach that works for one set of demographics usually is not very effective with others. It is rare, yet extraordinarily valuable, when a single effort can have equal power and effectiveness across all workforce demographics. What this article will show is how an employer workplace financial well-being program can have that effect - while driving higher levels or workforce engagement. Located at: 401khelpcenter.com (Word Document), June 2007. Click on headline for full article.

Value and Prudent Process: Redefining Both Terms in Light of the Recent 401k Fee Class Action Lawsuits - Summary: In this paper, a new perspective on "prudent process" and "value" will be introduced, and the traditional definitions will be challenged. Fiduciaries will also be shown the type of quantitative data they need to objectively determine if their "prudent process" is actually delivering "value" to their participants. Located at: Investment Horizons , June 2007. Click on headline for full article.

Value and Prudent Process: The Diffusion of Responsibility and Its Effect on Value - Summary: If the recent wave of lawsuits over 401k fees launched by Schlichter, Bogard, and Denton did not catch the attention of 401k fiduciaries, Roger Ibbotson's recent paper, "National Savings Rate Guidelines for Individuals," should. In this paper, the authors quantified why the average boomer's retirement will most likely be financially strapped. Located at: Investment Horizons , June 2007. Click on headline for full article.

IRS Clarifies 401k Safe Harbor Plan Provisions - Summary: The IRS released Announcement 2007-59 to clarify that a plan will not fail to satisfy the requirements to be a 401k safe harbor plan merely because of mid-year change to implement a qualified Roth contribution program. Located at: IRS, June 2007. Click on headline for full article.

ICI Board of Governors Working Group Releases Report on Rule 12b-1 - Summary: The ICI's Board of Governors formed a working group to examine fund distribution issues, including the history and current role of Rule 12b-1. The working group submitted this report to the ICI Board which details the group's analysis and findings. Located at: ICI , June 2007. Click on headline for full article.

DOL Weighs Stable Value Fund as a Default Option - Summary: Members of Congress, including Edward Kennedy (D-MA), Chairman of the Senate Health, Education, Labor and Pension Committee, and Rep. Earl Pomeroy (D-ND), of the House Ways & Means Committee, have written letters to the Secretary of Labor asking that stable value funds be one of the default options. Some groups, such as the American Council of Life Insurers, have been urging inclusion of stable value funds in the option lineup. Located at: ICMA, June 2007. Click on headline for full article.

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