Products August 25, 2010

SPARK Adds to Q&A for 403(b) Best Practices

The SPARK Institute has posted more than 20 answers to new questions it has received regarding its 403(b) Plans Information Sharing Data Elements Best Practices and Best Practices for Multiple Vendor Plans Remittance and Census Data Elements. 

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A SPARK news release said the questions and answers deal with a range of topics, including loans, hardship withdrawals, distributions, and data transmission standards. They are posted, along with previously answered questions and other materials related to the Best Practices, on the Institute’s web site at http://www.sparkinstitute.org/comments-and-materials.php.    

“We encourage 403(b) plan providers and employers who have questions about our Best Practices to contact us at data-elements.questions@sparkinstitute.org  to submit them and to notify us if they would like to be informed each time we update the Q&A site,” Larry H. Goldbrum, General Counsel, said. 

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Deals & People August 25, 2010

CPI Opens Birmingham Office

CPI Qualified Plan Consultants will be opening an office in Birmingham, Alabama, with Wayne Bosch at the helm.  
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Bosch will cover clients in Alabama and Tennessee and work with plan sponsors and their financial advisers to design and develop qualified and non-qualified retirement plan programs.  

Bosch has worked for 20 years with several large regional bank institutional trust groups in the southeast and has a background in business development, relationship management, investment advisory services, and retirement plan administration and earned the Certified Retirement Services Professional (CRSP) designation from the Institute of Certified Bankers, a subsidiary of the American Bankers Association.  

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In a statement, CPI, a third-party recordkeeping and administration company, says that with Bosch’s experience, plus a new location in Birmingham (in addition to two other offices in the southeast region), it will be able to provide “more consulting services to both plan sponsors and financial advisers in that area.”   

 

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