[Ipg-smz] Two lumps of "retirement" coal in my holiday stocking
David Needle
davidneedle at gmail.com
Wed Dec 25 01:01:31 UTC 2019
Wow, interesting Evan. Geez, if I was one of those names, that would seal
the deal.
That I'm not is probably another nail in the 'there's no there there'
coffin. but we'll see.
* I don't recognize any of those names.
On Tue, Dec 24, 2019 at 4:54 PM Evan Schuman <eschuman at thecontentfirm.com>
wrote:
> I sent this to the list yesterday but I don’t think it ever posted:
>
>
>
> I went to the site you suggested and I ran this search: CMP Media and
> found only three responses:
> https://www.pbgc.gov/search-unclaimed-pensions?key=CMP%20Media
>
>
>
> *Name*
>
> *Company*
>
> COOK, CHERIE <https://www.pbgc.gov/cook-cherie-1>
>
> UBM, LLC (CMP MEDIA LLC CASH BALANCE RETIREMENT PLAN) [f3]
>
> HACKER, NATALIE <https://www.pbgc.gov/hacker-natalie-1>
>
> UBM, LLC (CMP MEDIA LLC CASH BALANCE RETIREMENT PLAN) [f3]
>
> STEWART-MARTINEZ, PATRICIA
> <https://www.pbgc.gov/stewart-martinez-patricia-1>
>
> UBM, LLC (CMP MEDIA LLC CASH BALANCE RETIREMENT PLAN) [f6]
>
>
>
> I don’t recognize any of those names. Does anyone here happen to know
> them? If so, someone should reach out and give them a heads-up.
>
> I ran LinkedIn searches and couldn’t find any of those names with CMP in
> its history.
>
> _______
>
> Evan Schuman
>
> eschuman at thecontentfirm.com
>
> 973-993-8098 (voice)
>
> Computerworld weekly columnist (Column archive:
> http://www.thecontentfirm.com/weekly-column-on-computerworld)
>
> Moderator for MIT Sloan Management Review events
>
> Google Search: http://lmgtfy.com/?q=Evan+Schuman#
> <http://lmgtfy.com/?q=Evan+Schuman>
>
> https://twitter.com/eschuman
>
> www.linkedin.com/in/schumanevan/
>
> *Member, Internet Press Guild: http://netpress.org/ <http://netpress.org/>*
>
>
>
>
>
> _______
>
> Evan Schuman
>
> eschuman at thecontentfirm.com
>
> 973-993-8098 (voice)
>
> Computerworld weekly columnist (Column archive:
> http://www.thecontentfirm.com/weekly-column-on-computerworld)
>
> Moderator for MIT Sloan Management Review events
>
> Google Search: http://lmgtfy.com/?q=Evan+Schuman#
> <http://lmgtfy.com/?q=Evan+Schuman>
>
> https://twitter.com/eschuman
>
> www.linkedin.com/in/schumanevan/
>
> *Member, Internet Press Guild: http://netpress.org/ <http://netpress.org/>*
>
>
>
> *From:* Ipg-smz <ipg-smz-bounces at netpress.org> *On Behalf Of *David
> Needle via Ipg-smz
> *Sent:* Tuesday, December 24, 2019 7:00 PM
> *To:* ipg-smz at netpress.org
> *Cc:* David Needle <davidneedle at gmail.com>
> *Subject:* Re: [Ipg-smz] Two lumps of "retirement" coal in my holiday
> stocking
>
>
>
> Thank you Christine, MUCH appreciated. I'm not very optimistic, but it
> will be interesting to see if this leads to anything. Mitch Wagner was also
> nice enough to contact me about this. He was actually at CMP when I worked
> there and has continued to be employed at the newer entities, including now
> at Informa. So I'm touch with him about it. Basically at this point I think
> the first step would be to make a connection with someone at Informa in
> finance (or perhaps HR/Benefits) there to see if they have any way to track
> down whether the funds were ever distributed.
>
>
>
> * But if you have any other suggestions or thoughts on this feel free to
> email me directly, no need to keep it a group discussion.
> davidneedle at gmail.com If anything does come of this I will tell the tale
> here. THANK YOU
>
>
>
> On Tue, Dec 24, 2019 at 3:19 PM Christine Hall via Ipg-smz <
> ipg-smz at netpress.org> wrote:
>
> Hi David,
>
> I've been an employee at Informa since it purchased Penton a couple of
> years ago. I don't know the answer to your question, but I can check and
> see what I can discover, if you wish.
>
> This will have to wait until after New Year's however. Most Informa
> employees have been given holiday time starting today until 1/2, so
> it'll be difficult finding anyone in the office.
>
> Christine Hall
> Publisher & Editor
> FOSS Force: Keeping tech free
> http://fossforce.com
>
> On 12/24/19 3:06 PM, David Needle via Ipg-smz wrote:
> > Thanks Tom,
> > Yes, I was pondering who on the IPG list might work at an Informa site
> > and could point me somewhere. I'll try Curtis.
> >
> > RE: Your thing at Merrill Lynch: "How much is in it? In 2008, it was
> > $11K, I'm told."
> > Definitely worth pursuing. Even in the Bay Area that's more than a few
> > lunches!
> >
> > Thanks for the advice.
> >
> > On Mon, Dec 23, 2019 at 5:20 PM Tom Henderson via Ipg-smz
> > <ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>> wrote:
> >
> > Informa is the inheritor of the assets. 401k and other plans should
> > have separate fiduciary. Informa bought United Media's assets.
> > United bought CMP (and Miller Freeman). It might be that Curtis
> > Franklin has survived ALL OF THESE, and might have pointers as to
> > who did what to whom, when.
> >
> > Your other assets might be on other missing assets sites. If you
> > have time and want to surf, try it.
> >
> > I have a strange pension plan floating at Merrill Lynch, a
> > settlement from long ago, I'm told. Eventually I'll get it.... or my
> > kids will. How much is in it? In 2008, it was $11K, I'm told. Not
> > much, but a few lunches, eh?
> >
> > Tom
> >
> >
> > On 12/23/19 6:39 PM, David Needle via Ipg-smz wrote:
> >> Ah if only Tom ! I haven't completely closed the books on this,
> >> but it seems extremely unlikely. (I private email replied to Tara
> >> that the California unclaimed property entries are all for other
> >> "David Needle's" - surprisingly there are quite a few! )
> >>
> >> So of the two documents from Social Security, the one for Computer
> >> Currents Publishing says "Computer Currents Publishing 401K
> >> Retirement Plan". I can do a bit more digging, if it was a 401K I
> >> rolled it over to American Century and then later Fidelity. There
> >> would be no need to leave anything.
> >>
> >> For CMP it says the Plan Name is: "CMP Media Inc. Pension Plan" so
> >> perhaps that is the profit sharing Rob was referring to. But could
> >> this possibly be something that didn't vest or that I wasn't
> >> entitled to after working there only two years? In any case, with
> >> CMP being sold a few different times and the entity that was "CMP"
> >> long gone, is there anything to pursue and if so where to start?
> >> I'm open to suggestions! 😀
> >>
> >> On Mon, Dec 23, 2019 at 10:51 AM Tom Henderson via Ipg-smz
> >> <ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>> wrote:
> >>
> >> Yep, I'm thinking Mr Needle has a "windfall".
> >>
> >> Tom
> >>
> >>
> >> On 12/23/19 1:44 PM, Evan Schuman via Ipg-smz wrote:
> >>>
> >>> But is it ONLY bankrupt firms? And how are they defining
> >>> bankrupt?
> >>>
> >>> In CMP’s case, it was acquired. What happens to those accounts?
> >>>
> >>> _______
> >>>
> >>> Evan Schuman
> >>>
> >>> eschuman at thecontentfirm.com <mailto:
> eschuman at thecontentfirm.com>
> >>>
> >>> 973-993-8098 <tel:973-993-8098 <973-993-8098>> (voice)
> >>>
> >>> Computerworld weekly columnist (Column archive:
> >>> http://www.thecontentfirm.com/weekly-column-on-computerworld)
> >>>
> >>> Moderator for MIT Sloan Management Review events
> >>>
> >>> Google Search: http://lmgtfy.com/?q=Evan+Schuman#
> <http://lmgtfy.com/?q=Evan+Schuman>
> >>> <http://lmgtfy.com/?q=Evan+Schuman>
> >>>
> >>> https://twitter.com/eschuman
> >>>
> >>> www.linkedin.com/in/schumanevan/
> >>> <http://www.linkedin.com/in/schumanevan/>
> >>>
> >>> /Member, Internet Press Guild: http://netpress.org//
> <http://netpress.org/>
> >>>
> >>> *From:* Ipg-smz <ipg-smz-bounces at netpress.org>
> >>> <mailto:ipg-smz-bounces at netpress.org> *On Behalf Of *Dan
> >>> Rosenbaum via Ipg-smz
> >>> *Sent:* Monday, December 23, 2019 1:24 PM
> >>> *To:* ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>
> >>> *Cc:* Dan Rosenbaum <dan at panix.com> <mailto:dan at panix.com>
> >>> *Subject:* Re: [Ipg-smz] Two lumps of "retirement" coal in my
> >>> holiday stocking
> >>>
> >>> “Either way, the topic of 'what happens to my retirement
> >>> accounts when the company goes 'poof'?' may become an
> >>> interesting article. “
> >>>
> >>> Well, the direct answer’s easy, although following through on
> >>> it will not be.
> >>>
> >>> There’s government agency called the Pension Benefit Guaranty
> >>> Corporation (PBGC) that takes over defined-benefit pension
> >>> plans of bankrupt companies. It was formed by the ERISA Act
> >>> of 1974. Right now, there are something like 5,000 pension
> >>> plans being paid out by the PBGC.
> >>>
> >>> The money doesn’t come from general tax funds. It’s funded by
> >>> insurance premiums paid by defined-benefit plan sponsors,
> >>> assets of the funds it takes over, and recoveries from
> >>> bankrupt pension funders.
> >>>
> >>> So yeah: company goes away, it sticks a federal government
> >>> agency with paying off its pension liability.
> >>>
> >>> d
> >>>
> >>> *From: *Ipg-smz <ipg-smz-bounces at netpress.org
> >>> <mailto:ipg-smz-bounces at netpress.org>> on behalf of Mark
> >>> Brownstein via Ipg-smz <ipg-smz at netpress.org
> >>> <mailto:ipg-smz at netpress.org>>
> >>> *Reply-To: *<ipg-smz at netpress.org <mailto:ipg-smz at netpress.org
> >>
> >>> *Date: *Monday, December 23, 2019 at 1:14 PM
> >>> *To: *<ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>>
> >>> *Cc: *Mark Brownstein <IPG at brownstein.com
> >>> <mailto:IPG at brownstein.com>>
> >>> *Subject: *Re: [Ipg-smz] Two lumps of "retirement" coal in my
> >>> holiday stocking
> >>>
> >>> I wouldn't be too surprised to find that the states where
> >>> these companies were located had the funds in an impound
> >>> account or two. I believe that the retirement accounts
> >>> established by these companies HAD TO BE maintained
> >>> separately from the core businesses, so the funds may still
> >>> be there, gathering interest all these years, if you can find
> >>> them.
> >>>
> >>> Maybe the Social Security Administration can point to to
> >>> where these funds are reportedly being held and,
> >>> counterintuitively, actually HELP you to find those accounts
> >>> - or whatever agency is still holding them for you.
> >>>
> >>> It may take some work, but the reward should be well worth it.
> >>>
> >>> Either way, the topic of 'what happens to my retirement
> >>> accounts when the company goes 'poof'?' may become an
> >>> interesting article.
> >>>
> >>> On 12/22/2019 1:44 PM, David Needle via Ipg-smz wrote:
> >>>
> >>>
> >>> I recently applied for social security - yeah, I'm that
> >>> old. Sigh. But not retiring.
> >>>
> >>> Anyway, I just received two letters from the Social
> >>> Security Administration headed
> >>>
> >>> *Potential Private Retirement Benefit Information. *
> >>>
> >>> Each one begins: /"We are writing to tell you that you,
> >>> or the worker whose Social Security number appears at the
> >>> top of this form, MAY be entitled to some retirement
> >>> benefits from a private employer ./
> >>>
> >>> Long story short, one letter says there is a "value" of
> >>> $18,376 in a retirement account connected to CMP
> >>> Publications reported in 1998 and the other lists $34,687
> >>> from Computer Currents Publishing reported in 1996.
> >>>
> >>> Both of those companies are long gone so I assume this is
> >>> just some unresolved accounting by Social Security. While
> >>> I don't remember these exacty figures, I did have a 401K
> >>> at both companies so I assume that is what is this is in
> >>> reference to and the money isn't actually owed to me or
> >>> even exists anywhere as I would have rolled it over long
> >>> ago.
> >>>
> >>> Oh well, got excited there for a minute.
> >>>
> >>> -- Ipg-smz mailing list Ipg-smz at netpress.org
> >>> <mailto:Ipg-smz at netpress.org>
> >>> http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
> >>>
> >>>
> >> --
> >> Tom Henderson
> >> ExtremeLabs, Inc.
> >> +1 317 250 4646
> >> Twitter: @extremelabs
> >> Skype: extremelabsinc
> >>
> >> --
> >> Ipg-smz mailing list
> >> Ipg-smz at netpress.org <mailto:Ipg-smz at netpress.org>
> >> http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
> >>
> >>
> > --
> > Tom Henderson
> > ExtremeLabs, Inc.
> > +1 317 250 4646
> > Twitter: @extremelabs
> > Skype: extremelabsinc
> >
> > --
> > Ipg-smz mailing list
> > Ipg-smz at netpress.org <mailto:Ipg-smz at netpress.org>
> > http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
> >
> >
>
> --
> Ipg-smz mailing list
> Ipg-smz at netpress.org
> http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
>
>
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