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Wachovia launches new online pension protection act resource center for retirement clients

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Wachovia Retirement Services (WRS) announces the launch of a new online service to provide plan sponsors with clarity and direction around the Pension Protection Act of 2006 (PPA) and its effect on the retirement services offered to plan participants.

The PPA Resource Center is a tool rich with pertinent information regarding current and ongoing developments around the PPA and includes:

  • Summary of Legislation - A document highlighting key retirement plan provisions of the bill
  • Webinars - Lists upcoming PPA-related Webinars, as well as links to recorded versions of past Webinars
  • eNews & Views Article Series - Provides links to past articles regarding the PPA
  • Official PPA Guidance - This table lists PPA-related Bulletins and Notices issued by the Internal Revenue Service (IRS) or Department of Labor (DOL), and indicates generally whether they require plan sponsor action
  • External Links - Links to Web sites sponsored by the IRS and DOL that provide relevant information about the PPA

"Educating and providing guidance to our clients is what we do best," states Joe Ready, Senior Vice President and director of WRS. "Although it is not intended to replace advice from legal counsel, the PPA Resource Center will assist plan sponsors in maneuvering through the minutia of this groundbreaking legislation and is intended to be a dynamic resource that's continually updated with new and timely information."

Responding to the signing of the PPA into law by President Bush in August 2006, WRS immediately began providing plan sponsors with various educational literature, articles, information and seminars. The PPA Resource Center represents the latest effort to provide one consolidated area where clients can go to review past materials as well as obtain the most recent updates.

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