NEWS RELEASE Contact Person: Lisa B. Waterman
    Director of Marketing
FOR IMMEDIATE RELEASE Phone: 516-240-3300
  Fax: 516-240-3310

Pension Plan Review Recommended To Ensure Regulatory Compliance & Retention Of Tax Benefits

JULY 2, 2010 -- In the past year, retirement plans have come under the intense scrutiny of the federal government. Now more than ever, you need to be empowered with as much information and trusted advice as possible.

It is strongly recommended that your retirement plan be reviewed with regard to the Pension Protection Act of 2006, and other more recent changes to the rules and laws that could directly affect you, and/or your retirement plan.

Some areas of concern that may need to be addressed:

  • Some pension plans may be underfunded due to recent market instability and in fact, may be in danger of losing their tax benefits!
  • A Pension Protection Act (PPA) ruling has mandated that all pension plans must be re-stated in 2010.
  • Retirement Plan Contribution limits have been increased, which can impact you.
  • The PPA requires increased monitoring of employees' retirement plans.
  • The PPA and subsequent court rulings implemented more stringent guidelines on pension plan reporting, and providing of benefit statements. In addition, there is increased fiduciary liability of key business officers in providing employees with information on, and control over their retirement accounts.
  • The PPA has required all 401K plans to now offer automatic enrollment.

Israeloff, Trattner can help provide a thorough review of your pension plans in order to maximize your benefits and ensure your compliance with the new regulations. Our professionals are dedicated to providing you with the ideal solutions to help you achieve your financial objectives. Isn't it time you made Israeloff, Trattner & Co. part of your team?


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