Data & Research November 20, 2008

Boomers Fret about 401(k) Account Balances

More than a quarter (27%) of Baby Boomers polled by a social-networking site for the 40 and over crowd said their biggest workplace worry was the value of their 401(k) accounts.
Reported by

A news release by TeeBeeDee said the retirement savings worry came in second, behind the key worker concern—layoffs (42%).

Twenty-four percent of the more than 500 Baby Boomer poll respondents feared being able to get a new job, and 6% were afraid their pay would be cut.

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The release said networking members have started discussions about “Recession Cuisine;” finding sales and deals for holiday shopping; and even dating during a recession.

Products November 20, 2008

CPI Gets 403(b)s into Compliance, PDQ!

CPI Common Remitter Services, a division of CPI Qualified Plan Consultants, Inc., released CRS PDQ, a 403(b) common remitter and compliance oversight program.
Reported by

According to the announcement, CRS PDQ features a prototype document that can be in place on the upcoming 403(b) regulation deadline of January 1. “The key to CRS PDQ is making certain that the key compliance components are completed first. At this point, that is the plan document,” said Jon Prescott, CPI’s chief marketing officer, in a release.

CPI Common Remitter Services will then establish the common remitter and compliance oversight program. There are “no minimum or maximum number of vendors, little or no changes to the employer’s payroll process, and no massive changes to the employer’s day-to-day operations,’ according to Prescott.

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More information is available at www.cpiqpc.com or 800.279.9916×765.

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