Join WEB on Facebook or LinkedIn

Have you considered joining WEB? You should!
Each of our chapters holds educational meetings on timely and important benefits topics - meetings that will deepen your knowledge of employee benefits. Join WEB and attend meetings at a reduced price. Or attend meetings as a nonmember and see what we are all about! Our members enjoy member exclusive benefits such as discounts with Enterprise-Rent-A-Car and Hilton. Click here to read a sample of our top-notch Benefits Insider, a monthly newsletter with technical articles of great interest to benefits professionals. Click here to read more about the benefits of membership.

WEB Members: click here to read about your newest member exclusive benefit: Hilton Hotels! And stay up to date with news about other members only benefits such as Enterprise-Rent-A-Car and more!

To visit one of WEB's chapters, click Chapters on the left side of this page

Atlanta Baltimore Chicago Chicago-West Cleveland Dallas

Hartford Houston Madison Massachusetts New Jersey New York

St. Louis San Antonio Phoenix Washington Metro

WEB is pleased to announce the results of the National Board election!
Three new board members began two-year terms on July 1, 2009

Click here to read more.

Treasury Department and SEC Announce New Executive Compensation Initiatives
June 12, 2009
© 2009 McDermott Will & Emery
Authors: Joseph S. Adams, Andrew C. Liazos, Anne G. Plimpton, David E. Rogers

The guidance applies to all public companies, including those that participate in TARP.

The U.S. Department of the Treasury and the Securities and Exchange Commission (SEC) recently announced several initiatives that affect all public companies regardless of whether they participate in the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA) as modified by the American Recovery and Reinvestment Act of 2009 (Recovery Act).

Click here to continue the article.

Opportunity Knocks on January 1, 2010.

There is a buzz building around Roth IRAs because the opportunity to convert a traditional IRA to a Roth IRA will be open to all as of January 1, 2010. Many people who have been excluded from this opportunity because of their income levels will soon be able to create a tax-free investment account for retirement that can be passed income tax-free to children or grandchildren.

Roth IRAs have been with us since 1997, but the ability to contribute to a Roth IRA or to convert a traditional IRA to a Roth IRA has been limited by income level.

Currently, for example, if your modified AGI is above $100,000, you are not eligible to convert a traditional IRA into a Roth IRA. Also, if you are married filing a separate return, you cannot convert to a Roth IRA.

That is what will change on January 1, 2010. On that date, the modified AGI limit and the filing status restrictions are removed, so anyone with a traditional IRA will be eligible to convert that IRA into a Roth IRA.

Click here to continue the article.

IRS Publishes Benefit Plan Audit Materials
July 17, 2009
© 2009 McDermott Will & Emery
Authors: James G. Isaac, Susan Peters Schaefer, Karen A. Simonsen

The EPTA materials are important tools that plan administrators may use to conduct self-audits of plan compliance.

The Internal Revenue Service (IRS) recently published an updated list of common plan mistakes found during IRS Employee Plans Team Audits (EPTA) and an internal controls questionnaire used by EPTA auditors. Although the EPTA Program focuses on retirement plans with at least 2,500 participants, the published materials give all plan administrators valuable insights into the IRS’s audit process and what the IRS believes plan sponsors can do to avoid common errors in plan administration. Plan sponsors can utilize these tools to assess their plans’ current compliance and to correct any mistakes identified.

Click here to continue the article.