Deals and People March 4, 2013

Burnham Adds to Health Reform Compliance Team

March 4, 2013 (PLANSPONSOR.com) - Burnham Benefits Insurance Services welcomed Richard P. Asensio as its new vice president and director of Compliance.
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In this new role, Asensio will work directly with clients to help them choose the best options while meeting health care reform requirements. He will also work with Burnham’s consultants to expand their arsenal of assessment and compliance tools, furthering the firm’s ability to assist clients in determining optimal long-term strategies.  

Asensio earned his JD from the University of San Diego and his MBA from Babson College in Wellesley, Massachusetts.   

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“Initially, the focus is on ensuring that Burnham Benefits clients are able to implement the best, most strategically sound [health care reform] programs,” said Asensio.  

More about the company is at www.BurnhamBenefits.com.
Products March 4, 2013

Groom Paper Discusses Roth Accounts

March 4, 2013 (PLANSPONSOR.com) – Groom Law Group posted a paper that provides an overview of Roth plans, also known as designated Roth plans.
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The paper discusses the benefits of providing employees with a Roth option, the after-tax treatment of designated Roth contributions and Internal Revenue Code (IRC) requirements governing Roth plans. It also explains the optional in-plan rollover of distributions from traditional accounts to Roth accounts.  

The paper is updated to reflect the American Taxpayer Relief Act of 2012, which allows for in-plan Roth conversions without a distributable event (see “The Increased Availability of Roth In-Plan Conversions”).  

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The Groom paper is here.

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