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MILLENNIUM IN THE NEWS

Real Estate Investing in Your IRA
February 10, 2013, Sandra Reese
► On Sunday, February 10, Sandra Reese joined Wealth Essential Radio hosts, Randy Barcella and Terry Heafey, to discuss ‘Real Estate Investing in Your IRA’. In this nearly hour long program, Sandy discussed how to properly structure direct investments with your IRA Wealth.
A Practical Look at Terminating Retirement Plans: A Panel Trustees' Fiduciary Guide to Closing Out Retirement Plans of Bankrupt Companies
Winter 2012, Terry Dunne
► This article was featured in the Winter 2012 issue of NABTalk and is co-authored with Steve Sokolic of Benefit Consultants Group. Sokolic and Dunne present a general discussion of issues to be considered and procedures to be followed in handling a debtor's retirement plan, including the steps that a trustee must take in order to minimize the risks associated with taking over the administration of a debtor's ERISA retirement plan. It also reviews recent developments since the passage of BAPCPA.
Participants in a bankrupt company's retirement plan can expect to wait for their money
August 2012, Terry Dunne
► This article was featured in the August 16, 2012 issue of Westlaw Journal Bankruptcy and is
co-authored with Steve Sokolic of Benefit Consultants Group. Some of the problems faced by plan participants can be alleviated if plan administrators follow appropriate administrative procedures throughout the life of the plan. Participants should also do their part by keeping plan sponsors informed of their contact information and by reaching out to the trustee after a bankruptcy. In this article, Dunne and Sokolic provide an overview of the process bankruptcy trustees utilize as they terminate the retirement plan and distribute funds to these plan participants.
The best-laid plans: Bankruptcy trustees face challenges with retirement plans
June 2012, Terry Dunne
►This article appears in Accountingtoday.com. The article is an overview of the plan termination process, which includes how to address the often-complicated issue of missing or non-responsive participants. Most often bankruptcy trustees are attorneys or CPAs who have developed a bankruptcy-related practice and have special training. Retaining highly qualified service providers may be the best way for trustees to meet their responsibilities, but they must be aware that they are still responsible for a provider's performance and should have a fundamental understanding of the plan termination process. Resolution is necessary to complete the plan termination.
Behind the Scenes: Corporate Bankruptcy and Termination of a Retirement Plan
April 2012, Terry Dunne
► This article is featured in the April issue of Benefits Magazine and is co-authored with Steven Sokolic of Benefits Consultants Group. When a company goes out of business and files for bankruptcy, retirement plan funds continue to belong to employees and former employees. In this article, Dunne and Sokolic provide an overview of the process of terminating a retirement plan.