Monthly SHRM Meeting Agenda:

Wednesday, April 4th, 2007 at 8 am to 10:30 am

NEW Session Format:
8:00-8:30 Registration
8:30-9:00 Welcome to New members and guests; Networking
9:00-9:10 Sponsor
9:10-10:15 Program
10:15-10:30 SHRM/GMVHRA business

Location:
Corporate & Community Education Center (MAP)
1600 Osgood Street, North Andover, MA

Speaker: Steve Stanganelli, Advisor, Merrill Lynch

Cost: This event is free to members and $25 to non members. Guests may attend the first two meetings at no charge.

Topic: How the Pension Protection Act Impacts Benefit Administration

The number of employees covered by a defined-benefit pension has been steadily declining in the past few years, resulting in more and more Americans having inadequate savings for retirement.

In August 2006 President Bush signed the Pension Protection Act, looking to bolster retirement savings. The legislation strongly encourages automatic enrollment in the company’s 401(k) plan to all eligible employees and to automatically increase annual contributions. It also allows investment advice to be given by the plan provider.

The changes affecting 401(k) and other defined contribution plans are numerous: automatic 401(k) plan enrollment, automatic escalation of contributions, faster vesting periods, simplifying Form 5500 reporting and providing investment-related guidance to help workers get better returns on their savings.

The Pension Protection Act of 2006 has created a whole new list of notice and logistical requirements that HR professionals will be actively involved in implementing and overseeing.

Our speakers will discuss the most notable changes impacting 401(k) plans and outline the key actions the HR professional or anyone who is involved in administrating retirement plans need to take to comply with the new law. 

 

Information about our speaker:

Steve Stanganelli, Advisor, Merrill Lynch

Steve, a Financial Advisor with Merrill Lynch since September, 2005, focuses his practice on counseling entrepreneurs, corporate managers and businesses with their personal and business financial activities.  His business service practice includes defined contribution investment platforms, on-site financial education workshops that are ERISA-compliant, trustee services and corporate cash management and banking. His team includes specialists in plan administration and executive compensation planning.  

Steve earned his MS in Finance from Bentley College. He is also a graduate of the University of Massachusetts. His professional experience includes over 20 years in commercial and residential banking as well as management, ownership and investment in start-up service firms.

Steve is a member of various business and charitable organizations including the Financial Educators Network, Beta Gamma Sigma, the Merrimack Valley Venture Forum Membership Committee, the Merrimack Valley Estate Planning Council and the Society of Human Resources Management.

 

 

Our Sponsor for this event is:

Sports Turf International

Amesbury Sports Park houses the corporate offices and headquarters of STi, is the home of New England Soccer School and hosts snowtubing on “The Big Hill With The Big Thrill” in the winter months of December through to March.

NESS players train and play at New England’s premier all-weather artificial turf facility. Optimal footing in all weather conditions is ensured and reduces injury and cancellations on the 120 x 75 yard pitch and perimeter surround. The facility acts as our showcase, and R & D testing ground for custom design, innovative product research, and engineering excellence.

STi synthetic turf playing fields are designed to deliver years of performance and dependability whether your project is for a multi-field outdoor complex or a single indoor facility. We offer, along with our manufacturing and contractual partners the finest customer experience and fulfillment in the synthetic turf industry. Owning an STi field gives you access to a support network that is able to provide you with expert advice on installation, usage and maintenance of your surface.

“We, at Sports Turf International, started in this marketplace as sports field owners who installed our own version of synthetic turf. Being frustrated and confused with the myriad of information and price ranges pitched to us by various turf company suppliers, we decided to develop and perfect our own product. We are now in an excellent position to offer this product, along with our unique ground preparation and installation services, to domestic and international clients”. Ted Dipple – President, Sports Turf International.

Adam Hendy, Sales & Marketing Director
Sports Turf International, 12 South Hunt Road, Amesbury, MA 01913
(      1 866 495 TURF (8873)
-    info@sportsturfinternational.com
:        www.sportsturfinternational.com

  
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