Compliance April 17, 2013

IRS to Hold ACA Forum for Government Employers

April 17, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) will be conducting a phone forum to discuss key provisions of the Affordable Care Act (ACA) that are currently in effect.
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These provisions which impact federal, state, and local government employers include: 

  • W-2 Reporting: Employer Sponsored Health Coverage, and  
  • Additional Medicare Tax on High Income Earners. 

The “ACA Provisions: What you need to know!” phone forum is tailored for federal, state and local government employers, payroll and benefits administrators. Topics to be covered include: 

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  • What is included in the cost of coverage (i.e., health, dental/vision, FSA benefits); and 
  • Additional Medicare Tax: application, calculation, and reporting. 

The forum takes place on April 30 at 2 p.m. EDT.  

More information and a link to register are here.
Investing April 17, 2013

Taxable-Bond Funds Top Asset Gatherers

April 17, 2013 (PLANSPONSOR.com) – In the first quarter of 2013, investors added $184.3 billion to long-term open-end mutual funds while redeeming $92.8 billion from money market funds, according to Morningstar.
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For the 19th consecutive month, taxable-bond funds topped all asset classes with inflows of $19.3 billion in March, bringing their inflows for the quarter to $69.1 billion.

Additional highlights from Morningstar’s report include: 

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  • U.S.-stock funds gathered inflows of $21.5 billion in the first three months of the year, marking the first positive quarter for equities since the beginning of 2011 and the best quarter since 2004;
  • Investors continue to embrace international-stock funds, which took in $12.1 billion in March and $47.0 billion for the quarter;
  • Relative to total assets, alternative and commodities funds had strong March inflows, collecting $2.0 billion and $1.4 billion, respectively;
  • Alternatives saw inflows of $9.2 billion this quarter, the best three months on record for the asset class; and
  • Vanguard and PIMCO continue to capture the vast majority of industry inflows, while American Funds experienced redemptions in March after inflows in January and February.

 

The complete report is available here.

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