We offer these notes about pension and retirement planning to you as a resource.

RETIREMENT PLAN DEVELOPMENTS NEWSLETTER:

401(K) Plan Sponsors Are Focused On Increasing Plan Participation And Measuring Plan Success
Last month the results of a new survey were published which indicates that almost one-half of larger companies have implemented automatic enrollment and an additional 36% are considering implementing this feature, which could result in near universal utilization. Sponsors are looking to other automatic features to varying degrees to help employees achieve a funded retirement.

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IRS Announces Pension Plan Limitations For 2012
In October the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment.

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Survey Reveals Sharply Lower Economic Outlook Yet Greater Commitment To Retirement
A leading consulting firm last month announced the results from its annual, national workplace survey. The report showed that US benefit plan participants are dramatically more pessimistic about their economic expectations than just one year ago. But this year, despite their economic concerns, participants seem to be renewing their focus on retirement savings and gaining confidence in their ability to do so.

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