John Iekel

John Iekel

By John Iekel 9/21/2018 • 0 Comments

Cybersecurity steps are only at half strength if only management and the plan sponsor and fiduciaries implement and follow them; employees are key to the effectiveness of such steps. READ MORE

By John Iekel 9/21/2018 • 0 Comments

The IRS has identified errors that result in voluntary correction program applications being incomplete. It reports that it did so during the process of streamlining its processes for identifying VCP submissions that can be closed quickly. READ MORE

By John Iekel 9/17/2018 • 0 Comments

The IRS has granted a variety of forms of relief for individuals as well as businesses that are victims of Hurricane Florence, and includes requirements related to compensation. READ MORE

By John Iekel 9/17/2018 • 0 Comments

The ASPPA webcast “Didn’t See THAT Coming: Seven Industry Trends Will Shape the Future” focused on major factors that will affect the retirement industry for years to come. READ MORE

By John Iekel 9/17/2018 • 0 Comments

A feature article that appeared in the Summer 2018 issue of Plan Consultant magazine offers a refresher on split-funded funds and the interaction between retirement plans and life insurance. READ MORE

By John Iekel 9/17/2018 • 0 Comments

A recently released white paper argues that if employers and plan professionals understand human nature, they can better help employees’ saving rates improve — and that includes saving for retirement. READ MORE

By John Iekel 9/13/2018 • 0 Comments

The PBGC is issuing rules to implement its authority to facilitate mergers and transfers between multiemployer pension plans, the agency announced on Sept. 13. READ MORE

By John Iekel 9/12/2018 • 0 Comments

The Nutmeg State’s state-run retirement program for private-sector workers remains on hold as the Connecticut Retirement Security Authority seeks an executive director to run it. READ MORE

By John Iekel 9/11/2018 • 0 Comments

The price of recordkeeping services is not uniform; it can vary depending on type of retirement plan. A blog entry discusses why pricing for 401(k)s is different from that for 403(b)s. READ MORE

By John Iekel 9/10/2018 • 0 Comments

The IRS has issued a reminder regarding the importance of making sure that tax treatment of pension payments is correct, in light of the enactment of the Tax Cuts and Jobs Act (TCJA) in December 2017. READ MORE

By John Iekel 9/10/2018 • 0 Comments

President Trump’s executive order boosts MEPs, but they’re not an innovation of 2018. A recent white paper looks at their history, where they stand, and what may lie ahead for them. READ MORE

By John Iekel 9/5/2018 • 0 Comments

The Oregon Retirement Savings Board reports that the Oregon State Treasury has filed a notice of proposed rulemaking that would create an option by which individuals could participate in OregonSaves. READ MORE

By John Iekel 9/5/2018 • 0 Comments

The Pension Benefit Guaranty Corporation on Sept. 4 announced that it has modified the Comprehensive Premium Filing Instructions for 2018 Plan Years. READ MORE

By John Iekel 8/31/2018 • 0 Comments

ASPPA Connect will not appear on Labor Day; to note the event, following are some facts concerning its establishment. ASPPA Connect will resume publication on Wednesday, Sept. 5. READ MORE

By John Iekel 8/28/2018 • 0 Comments

A recent blog post makes suggestions regarding how to monitor and exercise active involvement in how plan funds are managed, even if functions investment committees commonly perform have been delegated or outsourced. READ MORE

By John Iekel 8/28/2018 • 0 Comments

Hybrid plans have proliferated and employer contributions to them have increased, says a recent report. READ MORE

By John Iekel 8/27/2018 • 0 Comments

The IRS has extended temporary nondiscrimination relief for closed DB plans, making it available for plan years beginning before 2020 as long as the conditions Notice 2014-5 sets are met. READ MORE

By John Iekel 8/24/2018 • 0 Comments

Automatic enrollment has long been touted as an effective means to increase participation in retirement plans; a recent study has found strong retention among employees added to plan rolls automatically. READ MORE

By John Iekel 8/21/2018 • 0 Comments

The IRS has said that a 401(k) plan can be amended to include a student loan benefit program. READ MORE

By John Iekel 8/20/2018 • 0 Comments

Being a fiduciary is serious business. And complex. But a recent blog entry boils it down to seven common sense rules for a fiduciary to keep in mind. READ MORE

By John Iekel 8/17/2018 • 0 Comments

The PBGC has proposed changes to two schedules to the Form 5500 — Schedule R, Retirement Plan Information, and Schedule SB, Single-Employer Defined Benefit Plan Actuarial Information. READ MORE

By John Iekel 8/16/2018 • 0 Comments

The California Secure Choice Retirement Savings Program (CalSavers) is moving closer to implementation. READ MORE

By John Iekel 8/16/2018 • 0 Comments

The IRS has extended the deadline for submitting on-cycle applications for opinion letters for pre-approved DC plans for the third six-year remedial amendment cycle to Dec. 31, 2018. READ MORE

By John Iekel 8/16/2018 • 0 Comments

On a host of issues, the map of the U.S. is a crazy quilt, with states creating a kaleidoscope of responses to problems and circumstances — one of which is the retirement readiness of employees in the private sector. Following is an update highlighting some of the most significant developments in states that have taken steps to create state-run programs for these employees. READ MORE

By John Iekel 8/15/2018 • 0 Comments

The IRS has made available revised versions of a number of forms used for its Voluntary Correction Program (VCP). READ MORE

By John Iekel 8/14/2018 • 0 Comments

A recent blog entry argues that when an employee retires matters not only to that individual, but also to their employer. READ MORE

By John Iekel 8/13/2018 • 0 Comments

Information letters, regulations, legislation aplenty — in ASPPA’s third quarter Washington Update, American Retirement Association Director of Technical Education Robert Kaplan provided his take and insights. READ MORE

By John Iekel 8/13/2018 • 0 Comments

Washington, and federal agencies, are rife with an alphabet soup of acronyms — and the IRS is certainly part of it. A recent blog entry addresses some of the collections of letters applicable to auto-enrollment. READ MORE

By John Iekel 8/10/2018 • 0 Comments

A recent report offers a look at that measure and finds that retirement readiness — or the lack thereof — is not uniform across all groups and worker populations. READ MORE

By John Iekel 8/8/2018 • 0 Comments

Missing participants are challenging to plans, TPAs and recordkeepers — but cashouts ultimately are an even bigger issue, a service provider suggests. READ MORE

By John Iekel 8/6/2018 • 0 Comments

Retirement income solutions that seek to help provide financial resources for a lifetime are on the rise; a recent paper offers ideas on how a retirement plan professional can evaluate the effectiveness and worth of those solutions. READ MORE

By John Iekel 8/2/2018 • 0 Comments

OregonSaves, the state-sponsored auto-IRA program for private-sector workers in the Beaver State, may expand the savings options available to those workers. READ MORE

By John Iekel 8/1/2018 • 0 Comments

The New Jersey Secure Choice Savings Program Act, a measure that would create an automatic enrollment payroll deduction IRA in the Garden State, is before the state Assembly and the state Senate.
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By John Iekel 7/27/2018 • 0 Comments

It isn’t hard to find a plan that has invested in TDFs, but it can be hard to find assessments that ask hard questions about them. A recent white paper does just that. READ MORE

By John Iekel 7/27/2018 • 0 Comments

Individuals’ financial information is so valuable that identity thieves will do just about anything to steal it, including gaining entry into retirement plan records that aren’t properly protected. But you can act to prevent a break-in. READ MORE

By John Iekel 7/16/2018 • 0 Comments

The PBGC has published a proposed rule it intends to improve the efficiency of reporting and disclosure of plan information by terminated and/or insolvent multiemployer plans. READ MORE

By John Iekel 7/13/2018 • 0 Comments

A good offense is often the best defense. A maxim used in many contexts, and a July 10 ASPPA Webcast suggests that taking extra care to ensure that your Form 5500 is correct is one of them. READ MORE

By John Iekel 7/12/2018 • 0 Comments

A recent blog post reinforces reasoning regarding how crucial education is in facilitating plan participants’ financial readiness for retirement. READ MORE

By John Iekel 7/11/2018 • 0 Comments

The funded status of the 100 biggest private-sector defined benefit plans improved in June, says a recent report. READ MORE

By John Iekel 7/9/2018 • 0 Comments

The PBGC is seeking approval from the Office of Management and Budget to extend the collection of information concerning regulations related to multiemployer pension plans. READ MORE

By John Iekel 7/6/2018 • 0 Comments

A recent paper argues that financial literacy, and not the length and relative complexity of the information participants receive, is most important in helping participants prepare for financial stability during retirement. READ MORE

By John Iekel 7/5/2018 • 0 Comments

OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, marked its first anniversary on July 1. READ MORE

By John Iekel 7/3/2018 • 0 Comments

The PBGC is changing the way it provides and announces relief when a disaster happens. READ MORE

By John Iekel ��� 7/2/2018 • 0 Comments

In observance of Independence Day, there will be no ASPPA Connect on Wednesday, July 4, 2018. The Connect will return on Friday, July 6. However, in honor of our nation’s birthday, here are some interesting facts concerning the annual celebration. READ MORE

By John Iekel 7/2/2018 • 0 Comments

Many resources are expended to get people to save for retirement; a recent report argues that plans should help participants use what they have saved in a deliberate way. READ MORE

By John Iekel 7/2/2018 • 0 Comments

A recent paper provides an overview of research on the shortcomings of financial education, why it can fail, and what is successful in helping employees to improve their financial behavior and outcomes. READ MORE

By John Iekel 6/28/2018 • 0 Comments

For younger employees, saving for retirement can take a back seat to paying off student loan debt; however, a new benefit provides some relief from that uncomfortable position. READ MORE

By John Iekel 6/27/2018 • 0 Comments

The ARA has submitted a comment letter to the IRS asking for some clarifications regarding the new procedures for the pre-approved plan document program, as well as making recommendations and a request. READ MORE

By John Iekel 6/18/2018 • 0 Comments

Experts at the recent 2018 SPARK Institute National Conference held in National Harbor, MD addressed online threats to financial assets — virtual, but also very real. READ MORE

By John Iekel 6/18/2018 • 0 Comments

A recent column examines the centrality of employers’ role in providing retirement benefits — and the areas where there are shortcomings. READ MORE

By John Iekel 6/15/2018 • 0 Comments

The Oregon Retirement Savings Board has provided an update on recent activities, implementation and future steps concerning the OregonSaves state-sponsored savings program for private sector employees. READ MORE

By John Iekel 6/13/2018 • 0 Comments

A recently released white paper suggests that while embracing innovation in the features and options added to a plan, it is important to be mindful of fiduciary duties. READ MORE

By John Iekel 6/13/2018 • 0 Comments

There were mixed results for DB and DC plans in the first quarter of 2018, the Federal Reserve reports. In short: assets grew, but so did liabilities. READ MORE

By John Iekel 6/11/2018 • 0 Comments

The IRS determination letter program and what to do about missing participants were among the topics the Employee Plans Subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities addressed in the general report it issued on June 7. READ MORE

By John Iekel 6/8/2018 • 0 Comments

The official hurricane season has just begun — and it can be helpful to a service provider and plan administrator to prepare… just in case. READ MORE

By John Iekel 6/6/2018 • 0 Comments

The Oregon State Treasury is delaying the implementation of a new state law that allows members of the Oregon Public Employees Retirement System to exercise some choice in how their plan funds are invested. READ MORE

By John Iekel 6/6/2018 • 0 Comments

In a June 4, 2018 comment letter to the IRS, the ARA recommended that the IRS expand its determination letter program to cover specific situations. READ MORE

By John Iekel 6/1/2018 • 0 Comments

Financial readiness for retirement improved in 2017, but there still is room for improvement, say recently released studies.
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By John Iekel 6/1/2018 • 0 Comments

The PBGC says in its FY 2017 PBGC Projections Report that it expects that its single-employer and multiemployer insurance programs will have sharply different results in coming years. READ MORE

By John Iekel 5/31/2018 • 0 Comments

Auto-enrollment is widely lauded as a low-cost, low-impact solution for savings rates and behaviors that could use a boost; however, a recent blog post suggests that it may not be a panacea. READ MORE

By John Iekel 5/31/2018 • 0 Comments

The IRS has clarified that federal income tax withholding and Form 1099-R reporting generally apply for the year a payment is made, as required by state law, from an IRA to a state unclaimed property fund. READ MORE

By John Iekel 5/29/2018 • 0 Comments

Single premium pension buy-out sales exceeded $1 billion in the first quarter of 2018, says a recent report. READ MORE

By John Iekel 5/25/2018 • 0 Comments

We won’t be bringing you an ASPPA Connect newsletter on Monday due to the observance of Memorial Day, but we would like to share some little-known facts and background about the holiday. READ MORE

By John Iekel 5/24/2018 • 0 Comments

Robert Kaplan, the American Retirement Association’s Director of Technical Education, provided a look at recent regulatory and legislative developments in a May 22 ASPPA webcast. READ MORE

By John Iekel 5/24/2018 • 0 Comments

A measure before the Senate would establish a federal commission to review private retirement benefit programs and report to Congress on how to improve private retirement security. READ MORE

By John Iekel 5/23/2018 • 0 Comments

The IRS is now accepting applications for opinion letters for pre-approved DC plans for the third six-year remedial amendment cycle. READ MORE

By John Iekel 5/21/2018 • 0 Comments

For a TPA, plan administrator, employer or plan sponsor, uncashed checks are a problem; recent blog entries make some suggestions regarding how to help make sure they don’t happen in the first place. READ MORE

By John Iekel 5/21/2018 • 0 Comments

There are a variety of ways to gauge plan health, but a recent blog entry suggests that looking at account balances can be instructive. READ MORE

By John Iekel 5/18/2018 • 0 Comments

A recent white paper takes a look not only at how well employees are saving, but also the habits that can help in achieving greater financial security in retirement. READ MORE

By John Iekel 5/18/2018 • 0 Comments

Some argue that older workers should retire to save employers money and facilitate upward mobility for younger generations, but a recent study suggests the exact opposite. READ MORE

By John Iekel 5/15/2018 • 0 Comments

The PBGC plans to ask the Office of Management and Budget (OMB) for its approval of a revision to a form used in information collection that enables the PBGC to pay benefits to participants and beneficiaries. READ MORE

By John Iekel 5/15/2018 • 0 Comments

The IRS on May 15 said it is inviting financial institutions and other service providers to submit proposals for umbrella closing agreements to correct failures to restate plans by the applicable deadline. READ MORE

By John Iekel 5/14/2018 • 0 Comments

Reputation — building, maintaining and living it — permeates everything from meeting regulatory requirements to the finer points of interacting with and serving clients. READ MORE

By John Iekel 5/14/2018 • 0 Comments

You have the option to embrace best practices, Fred Reish, Partner at Drinker Biddle & Reath LLP told attendees at the recent PSCA Annual Conference; he offered insights on fiduciary compliance, risk management and best practices. READ MORE

By John Iekel 5/11/2018 • 0 Comments

Plan design can influence and equip plan participants to make better choices regarding distribution, a recently released report concludes. READ MORE

By John Iekel 5/9/2018 • 0 Comments

The IRS has suggested that employers and organizations refresh IRA holders’ knowledge of, and attention to, what they can do and are required to do concerning their accounts. READ MORE

By John Iekel 5/9/2018 • 0 Comments

Financial wellness benefits are becoming more widespread; a session at the recent PSCA Annual Conference addressed how they also can be good for an employer’s financial wellness. READ MORE

By John Iekel 5/8/2018 • 0 Comments

The deadline by which employers in Oregon with 50-99 employees are to register with OregonSaves is fast approaching. READ MORE

By John Iekel 5/7/2018 • 0 Comments

An expert panel at a session of the PSCA Annual Conference discussed ways retirement plans and those who serve them can address challenges to retirement security. READ MORE

By John Iekel 5/4/2018 • 0 Comments

Communicating with participants is bread and butter stuff – a reminder that in the end, benefits administration is about real people. Benefits administrators from two employers in a May 1 session of the Plan Sponsor Council of America’s annual conference shared their experiences and approaches in communicating with participants. READ MORE

By John Iekel 4/30/2018 • 0 Comments

Private-sector defined benefit plans made “significant” funding improvements in 2017, say recent studies, and the good news doesn’t stop there. READ MORE

By John Iekel 4/27/2018 • 0 Comments

The U.S. Court of Appeals for the 8th Circuit has upheld a ruling by the U.S. Tax Court that a DB plan sponsor owed excise taxes and additions to tax related to its operation of the plan. READ MORE

By John Iekel 4/26/2018 • 0 Comments

The Maryland Small Business Retirement Savings Program and Trust, which provides retirement plan coverage for employees in the Old Line State whose employers do not offer retirement plans, now has an executive director and CEO. READ MORE

By John Iekel 4/24/2018 • 0 Comments

The Illinois Secure Choice Savings Program is now being tested by employers that volunteered to participate in a pilot program, Illinois State Treasurer Michael W. Frerichs (D) has announced. READ MORE

By John Iekel 4/23/2018 • 0 Comments

A recent analysis offers a fresh take on how to motivate individuals to save for retirement: wed technology and behavioral economics. READ MORE

By John Iekel 4/18/2018 • 0 Comments

A majority of U.S. investors have not calculated how much income they will need while they are retired and how much their retirement accounts will generate for them, says a recent study. READ MORE

By John Iekel 4/17/2018 • 0 Comments

The PBGC on April 17 announced that minor changes to its standard and distress termination forms and instructions have been approved by the Office of Management and Budget. READ MORE

By John Iekel 4/17/2018 • 0 Comments

Longevity generally is increasing. But some of those rays of golden sunshine can be clouded due to the instability of the retirement saving atmosphere. A recent blog entry offers some ideas on how those clouds may be dispelled. READ MORE

By John Iekel 4/13/2018 • 0 Comments

Panelists shared their perspectives on the importance of lifetime income options and ways to enhance their availability at the recent Enrolled Actuaries Meeting held in Washington, DC. READ MORE

By John Iekel 4/13/2018 • 0 Comments

On April 11 at the Enrolled Agents Meeting held in Washington, DC, PBGC officials discussed compliance issues regarding single-employer plans, with a focus on late filings and missing participants. READ MORE

By John Iekel 4/11/2018 • 0 Comments

The IRS and Treasury Department are “making progress” on guidance regarding missing participants, according to a panelist at an April 11 session of the Enrolled Actuaries meeting held in Washington, DC. READ MORE

By John Iekel 4/6/2018 • 0 Comments

Recent discussions about 401(k) loans look at the scale of the practice, the consequences and what a plan may consider concerning a policy for them.
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By John Iekel 4/6/2018 • 0 Comments

The PBGC has issued its updated Pension Insurance Data Books and Tables; they now contain information from 2016. READ MORE

By John Iekel 4/5/2018 • 0 Comments

A majority of U.S. workers hold debt in addition to their mortgages, and that’s a problem regarding financial security during retirement, says a recent study. READ MORE

By John Iekel 4/5/2018 • 0 Comments

The IRS is requesting comments on the potential expansion of the scope of the determination letter program for individually designed plans during the 2019 calendar year. READ MORE

By John Iekel 4/5/2018 • 0 Comments

The PBGC issued guidance on April 3 to assist multiemployer pension plans that request its review of alternative plan rules for satisfying employer withdrawal liability. READ MORE

By John Iekel 4/4/2018 • 0 Comments

The ARA on April 4 filed a comment letter with the IRS to recommend modifications to EPCRS that would expand the use of the SCP and reduce the burden the VCP’s new pricing structure imposes on small business plans. READ MORE

By John Iekel 3/28/2018 • 0 Comments

Did the 5th Circuit ruling that vacated the fiduciary rule really kill the rule? A recent analysis of the ruling discusses its possible effects. READ MORE

By John Iekel 3/28/2018 • 0 Comments

The 5th Circuit’s ruling in Chamber of Commerce et.al. v. U.S. Dept. of Labor vacating the DOL fiduciary rule was a win for opponents of the rule — or was it? READ MORE

By John Iekel 3/28/2018 • 0 Comments

The DOL Advisory Council on Employee Welfare and Pension Benefit Plans’ latest report centers on one overarching theme: simplifying plan disclosures to participants and beneficiaries. READ MORE

By John Iekel 3/27/2018 • 0 Comments

A recent DOL report confirms that DC plans have long been advancing at the expense of defined benefit plans, but also shows surprising vitality among DB plans. READ MORE

By John Iekel 3/26/2018 • 0 Comments

Plans that are abandoned or have missing participants make plan administration a lot more complicated. A recent ASPPA webcast addressed those unwelcome situations. READ MORE

By John Iekel 3/21/2018 • 0 Comments

There is still some time to make a contribution to an IRA and be able to claim it on a 2017 tax return — but not much. READ MORE

By John Iekel 3/20/2018 • 0 Comments

The Washington State Department of Commerce has launched the state’s Retirement Marketplace, a virtual marketplace that offers low-cost retirement savings plans to businesses with fewer than 100 employees. READ MORE

By John Iekel 3/19/2018 • 0 Comments

There may not be much guidance on how to avoid breaking plan administration rules, but you’re not helpless; a recent blog entry offers suggestions about what to do about and before a DOL investigation. READ MORE

By John Iekel 3/16/2018 • 0 Comments

The IRS on March 16 issued Revenue Procedure 2018-21, which modifies its procedures for issuing opinion and advisory letters for pre-approved master and prototype and volume submitter plans. READ MORE

By John Iekel 3/15/2018 • 0 Comments

The IRS has issued a reminder that the retirement plan participants and holds of IRAs and IRA-based plans who attained age 70½ during 2017 must starting receiving RMDs by April 1. READ MORE

By John Iekel 3/15/2018 • 0 Comments

The IRS on March 14 announced that it is retroactively cutting the user fee involved in using Form 5310, Application for Determination for Terminating a Plan. READ MORE

By John Iekel 3/15/2018 • 0 Comments

A recent blog post argues that it is wise for plan fiduciaries to be aware of the importance of plan documents in meeting their fiduciary duties. READ MORE

By John Iekel 3/14/2018 • 0 Comments

The Joint Select Committee on Solvency of Multiemployer Pension Plans held its first meeting, an organizational business meeting to consider committee rules, on March 14. READ MORE

By John Iekel 3/12/2018 • 0 Comments

The PBGC has proposed a rule that would conform its regulations to changes in the phase-in rules for owner-participants under the Pension Protection Act of 2006. READ MORE

By John Iekel 3/12/2018 • 0 Comments

The PBGC provides a listing by state of the number of retirees to whom it provided benefits in 2017, as well as how much it provided; it breaks down state data on recipients and benefits paid by congressional district as well. READ MORE

By John Iekel 3/9/2018 • 0 Comments

The DOL’s Employee Benefit Security Administration argues that audits, unwelcome though they may be, actually can be beneficial for a plan. READ MORE

By John Iekel 3/9/2018 • 0 Comments

A recent GAO study examines the challenges plan administrators face when dealing with lost plan participants and reporting foreign retirement savings, and reviews steps federal agencies might take to help. READ MORE

By John Iekel 3/9/2018 • 0 Comments

The IRS on March 9 said that it plans to issue opinion and advisory letters for certain master and prototype and volume submitter DB plans that were restated for changes in plan qualification requirements. READ MORE

By John Iekel 3/7/2018 • 0 Comments

Major employers are among those that have increased their retirement benefits in the wake of the enactment of the Tax Cuts and Jobs Act (TCJA), according to a recent report. READ MORE

By John Iekel 3/7/2018 • 0 Comments

The IRS on March 2 issued an updated version of Publication 575, “Pension and Annuity Income.” It is to be used in preparing 2017 income tax returns. READ MORE

By John Iekel 3/7/2018 • 0 Comments

Senate Majority Leader Mitch McConnell (R-KY) in remarks on the Senate floor on March 6 cited increased retirement benefits as one of the results of enacting the Tax Cuts and Jobs Act of 2017. READ MORE

By John Iekel 3/5/2018 • 0 Comments

Pension de-risking is increasingly widespread, according to a new a study commissioned by the PBGC Participant and Plan Sponsor Advocate; it also looks at explanations. READ MORE

By John Iekel 3/5/2018 • 0 Comments

A recent analysis discusses the importance of plan monitoring and offers tips and ideas on designing a process and procedures for monitoring the way a plan and its funds are managed. READ MORE

By John Iekel 3/2/2018 • 0 Comments

Sens. Mitch McConnell (R-KY) and Charles Schumer (D-NY) have named the Republicans and Democrats from the Senate who will serve on the Joint Select Committee on the Solvency of Multiemployer Pension Plans. READ MORE

By John Iekel 3/1/2018 • 0 Comments

Sen. Orrin Hatch (R-UT) on March 1 outlined some of the effects the new tax reform law had on retirement plans and their participants. He made his remarks at an American Enterprise Institute event concerning the law's impact. READ MORE

By John Iekel 2/28/2018 • 0 Comments

Employees are in the mood to save more for their retirement, and an increasing number of employers are tapping in to that sentiment, say recent reports. READ MORE

By John Iekel 2/26/2018 • 0 Comments

Financial education can be an antidote for financial stress, but not in the traditional ways it is provided, suggests a recent study.
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By John Iekel 2/26/2018 • 0 Comments

A recently released paper discusses the relative strengths of saving more and working longer to bring about an affordable, sustainable standard of living in retirement. READ MORE

By John Iekel 2/23/2018 • 0 Comments

House Speaker Paul Ryan (R-WI) and House Minority Leader Nancy Pelosi (D-CA) have named the four Republicans and four Democrats from the House who will serve on the new Joint Select Committee on the Solvency of Multiemployer Pension Plans. READ MORE

By John Iekel 2/22/2018 • 0 Comments

In a Feb. 21 letter to Acting IRS Commissioner David Kautter, Rep. Richard Neal (D-MA) has requested that the IRS reevaluate the new VCP user fees announced earlier this year. READ MORE

By John Iekel 2/21/2018 • 0 Comments

Expecting unexpected events can help a retiree to be prepared, says a recent report that has implications not only for retirees but also for retirement plan professionals. READ MORE

By John Iekel 2/20/2018 • 0 Comments

A recent study found that giving plan participants a projected view of future monthly income likely will result in higher expected income replacement rates during retirement. READ MORE

By John Iekel 2/16/2018 • 0 Comments

Growing U.S. bond yields and changes to corporate taxes could pay dividends for private-sector DB plans, some analysts argue. READ MORE

By John Iekel 2/15/2018 • 0 Comments

In observance of Presidents Day on Feb. 19, the ASPPA offices will be closed and ASPPA Connect will not be published on Feb. 19; it will reappear on Feb. 21. Here are some interesting facts about people who were one heartbeat away from the Oval Office. READ MORE

By John Iekel 2/15/2018 • 0 Comments

The PBGC has proposed that some of its records systems be modified, some rescinded and new ones introduced. READ MORE

By John Iekel 2/14/2018 • 0 Comments

A bill that would revamp the multiemployer pension system is now before the U.S. House. READ MORE

By John Iekel 2/14/2018 • 0 Comments

The New Jersey Treasury is reviewing responses to its RFI from private-sector firms to provide investment products for New Jersey’s Small Business Retirement Marketplace. READ MORE

By John Iekel 2/13/2018 • 0 Comments

The IRS and Treasury have proposed a plan to streamline tax regulations, including some that are related to and affect retirement plans. READ MORE

By John Iekel 2/13/2018 • 0 Comments

Sen. Orrin Hatch (R-UT) on Feb. 13 cited the cut in corporate tax rates under the recently enacted Tax Cuts and Jobs Act (TCJA) as a way to boost retirement plans and retirement savings. READ MORE

By John Iekel 2/12/2018 • 0 Comments

Many plan documents are requirements. So too, are fiduciary duties. Do the two intersect? READ MORE

By John Iekel 2/12/2018 • 0 Comments

Debt is accumulating, and that load may not melt away quickly — it may linger, extending its chill seasons ahead to retirement. A recent blog post looks at its longer-term effects. READ MORE

By John Iekel 2/9/2018 • 0 Comments

The IRS and Treasury Department have issued an update to their joint 2017-18 Priority Guidance Plan. READ MORE

By John Iekel 2/9/2018 • 0 Comments

The Feb. 8 ASPPA Washington Update for the first quarter of 2018 offered a look at a variety of current issues. READ MORE

By John Iekel 2/8/2018 • 0 Comments

The SEC Office of Compliance Inspections and Examinations has retirement savers in mind this year in its 2018 examination priorities. READ MORE

By John Iekel 2/7/2018 • 0 Comments

The largest retirement plans in the United States collectively amassed more than $10 trillion by the end of the third quarter of 2017, a recent report estimates. READ MORE

By John Iekel 2/7/2018 • 0 Comments

A bipartisan committee with members from both houses of Congress will examine ways to address the solvency of multiemployer pension plans, Sen. Sherrod Brown (D-OH) said Feb. 7. READ MORE

By John Iekel 2/7/2018 • 0 Comments

The recently enacted Tax Cuts and Jobs Act of 2017 (TCJA) will not affect 2018 pension plan limitations, the IRS said on Feb. 6 in IR-2018-19. READ MORE

By John Iekel 2/6/2018 • 0 Comments

The Oregon Retirement Savings Board has issued a status report on OregonSaves, the state-sponsored retirement plan for private-sector workers. READ MORE

By John Iekel 2/5/2018 • 0 Comments

Panelists at a session of ASPPA’s Feb. 2 Tax Virtual Conference offered their take on what the Tax Cuts and Jobs Act means to retirement plan professionals. READ MORE

By John Iekel 2/2/2018 • 0 Comments

A recent paper touches on where retirement readiness fits into the financial wellness equation, and it’s not just in the obvious ways. READ MORE

By John Iekel 2/2/2018 • 0 Comments

January opened with the ball dropping, but that may be about all that fell last month — at least as far as pension plan funding was concerned. READ MORE

By John Iekel 2/1/2018 • 0 Comments

Two more House members, one from each major party, on Jan. 30 joined 132 of their peers as cosponsors of the Rehabilitation for Multiemployer Pensions Act. READ MORE

By John Iekel 1/31/2018 • 0 Comments

The IRS has reviewed and updated the information it provides in frequently asked questions (FAQs) concerning recharacterizations of IRA contributions. READ MORE

By John Iekel 1/22/2018 • 0 Comments

A recent analysis suggests that the SEC’s take on a fiduciary standard may be inching closer to that of the DOL. READ MORE

By John Iekel 1/19/2018 • 0 Comments

A recent white paper discusses the new tax reform law and its possible effects, including those on retirement plans. READ MORE

By John Iekel 1/19/2018 • 0 Comments

An organization interested in retirement security gazes into the crystal ball to divine what 2018 may bring. READ MORE

By John Iekel 1/18/2018 • 0 Comments

The IRS and PBGC are granting relief to those in the Golden State who have suffered due to the recent wildfires, floods, mudslides and debris flows that began on Dec. 4, 2017. READ MORE

By John Iekel 1/18/2018 • 0 Comments

The New York Department of Financial Services’ proposal for a “best interest” standard for those licensed to sell life insurance and annuity products is of limited scope and notable for what it leaves out. READ MORE

By John Iekel 1/18/2018 • 0 Comments

The IRS has issued a revised version of its comprehensive brochure on the retirement plan checkup material it makes available for plan sponsors. READ MORE

By John Iekel 1/17/2018 • 0 Comments

Implementation of the DOL’s fiduciary rule has been delayed, but the SEC's work on its own rule reportedly is accelerating. READ MORE

By John Iekel 1/12/2018 • 0 Comments

The IRS has released the instructions for Form 9855-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, for 2017 filing. READ MORE

By John Iekel 1/12/2018 • 0 Comments

Missouri is the latest state whose legislature has before it a measure that would establish a state-run program for employees whose employers do not offer a retirement plan. READ MORE

By John Iekel 1/12/2018 • 0 Comments

OregonSaves, the state-sponsored retirement plan for private-sector workers, is now open to any employer of any size in Oregon. READ MORE

By John Iekel 1/12/2018 • 0 Comments

The advent of 2018 has brought new requirements for practitioners who contact the IRS Practitioner Priority Service line for assistance. READ MORE

By John Iekel 1/10/2018 • 0 Comments

Sen. Sheldon Whitehouse (D-RI) will join the Senate Finance Committee, Senate Minority Leader Chuck Schumer (D-NY) announced Jan. 9. READ MORE

By John Iekel 1/10/2018 • 0 Comments

The PBGC has released the Premium Filing Instructions to be used for 2018 plan years. READ MORE

By John Iekel 1/8/2018 • 0 Comments

What was the top news story of the year that just ended? A recent blog post discusses retirement-related subjects that generated the greatest interest. READ MORE

By John Iekel 1/3/2018 • 0 Comments

IRS Revenue Procedure 2018-01 reports that for 2018, the IRS has changed the fees for voluntary correction program (VCP) filings, as well as other user fees. READ MORE

By John Iekel 1/3/2018 • 0 Comments

The PBGC’s Participant and Plan Sponsor Advocate has issued a report on the 2017 activities of her office on participant claims, multiemployer plans, plan sponsor issues and pension de-risking. READ MORE

By John Iekel 1/2/2018 • 0 Comments

The official launch of Washington State’s Small Business Retirement Marketplace “is drawing near,” says Washington State Department of Commerce Marketplace Director Carolyn McKinnon. READ MORE

By John Iekel 12/28/2017 • 0 Comments

A retirement planning firm suggests that retirement planning be among 2018 new year's resolutions and identifies resolutions toward which to steer participants. READ MORE

By John Iekel 12/28/2017 • 0 Comments

ASPPA Connect will not appear on Jan. 1 as the ASPPA office will be closed that day; we’ll be back on Jan. 3. We wish you happy new year, and offer some New Year's Day facts.
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By John Iekel 12/27/2017 • 0 Comments

U.S. retirement assets grew in the third quarter of 2017, according to a recent report, reaching $27.2 trillion by Sept. 30. READ MORE

By John Iekel 12/27/2017 • 0 Comments

The PBGC has issued a statement on its regulatory — and deregulatory — priorities; it intends these actions to promote clarity and reduce burdens and costs. READ MORE

By John Iekel 12/20/2017 • 0 Comments

ASPPA Connect will not appear on Friday, Dec. 22, nor on Monday, Dec. 25; we wish you happy holidays, and offer some little-known facts concerning the holiday season. READ MORE

By John Iekel 12/20/2017 • 0 Comments

The IRS has updated the Mortality Improvement Rates and Static Mortality Tables for Defined Benefit Pension Plans for 2019. READ MORE

By John Iekel 12/18/2017 • 0 Comments

The PBGC has asked the Office of Management and Budget to extend approval, with modifications, of its collection of information through the Form 5500. READ MORE

By John Iekel 12/18/2017 • 0 Comments

Remember the Aesop’s fable about the tortoise and the hare? A recent analysis argues Aesop was on to something regarding retirement planning, as well. READ MORE

By John Iekel 12/18/2017 • 0 Comments

A recent blog post provides a helpful primer on using psychology and considerations of human behavior to help plan participants overcome the self-inflicted obstacles to effective 401(k) investing. READ MORE

By John Iekel 12/15/2017 • 0 Comments

Seattle workers whose employers do not offer a retirement plan will have access to one through the city if a proposal by Mayor Jenny Durkan (D) is enacted. READ MORE

By John Iekel 12/14/2017 • 0 Comments

Pension plans’ funded status provided something else to be thankful for in November, according to two recent reports. READ MORE

By John Iekel 12/11/2017 • 0 Comments

A recent analysis discusses some challenges causing employers and plan sponsors to think longer and harder regarding what they’re doing with their DB plans — and what their responses are. READ MORE

By John Iekel 12/11/2017 • 0 Comments

Employers in the healthcare industry, it seems, are not immune from some of the macro trends concerning retirement plans. READ MORE