Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams12/19/2014 • 0 Comments

A federal district court in North Carolina has ruled that the rounding decision is a discretionary one that a plan administrator can make, and that choosing to round to five decimal places was not an abuse of discretion. READ MORE

By Nevin Adams12/8/2014 • 0 Comments

By a large bipartisan majority, the U.S. House of Representatives last week passed tax-extender relief legislation that includes a provision that would affect multiemployer pension plan funding. READ MORE

By Nevin Adams12/1/2014 • 0 Comments

The IRS has amended the safe harbor explanations provided with eligible rollover distributions to accommodate recent guidance on in-plan Roth rollovers and the allocation of taxable amounts. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon12/4/2014 • 0 Comments

With time running out on its deadline for providing recommendations, a task force examining alternatives for a possible state-run IRA program in the Old Line State continued to debate the issues. READ MORE

Craig Hoffman

Craig Hoffman

Craig Hoffman

By Craig Hoffman12/4/2014 • 0 Comments

ASPPA members who own TPA firms (or who are senior executives) have a new membership option and a new conference in 2015: the ASPPA Business Managers and Owners Council (BMOC) — and the Business Executives and Managers (BEAM) Conference, which will be held Jan. 25-27, 2015. READ MORE

By Craig Hoffman12/1/2014 • 0 Comments

While it is not unusual for federal agencies to update their planned agenda for new regulations and other guidance periodically, some recent updates the Department of Labor announced to its Fall 2014 Regulatory Agenda have drawn heightened interest. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel12/29/2014 • 0 Comments

All disbursements from a retirement plan scheduled to be made at the same time are treated as a single distribution even if they are sent to multiple destinations, a new rule that becomes mandatory as 2015 dawns. READ MORE

By John Iekel12/17/2014 • 0 Comments

Filers of Forms 5500 and M-1 will now be able to prepare for 2014 filing. Advance copies of the 2014 Forms 5500 and 5500-SF are now available, the DOL’s Employee Benefits Security Administration announced on Dec. 15. READ MORE

By John Iekel12/12/2014 • 0 Comments

The IRS in Notice 2014-77 has updated the 2014 Cumulative List of Changes in Plan Qualification Requirements. The list is primarily for single-employer individually designed defined benefit plans plans and single-employer individually designed defined contribution plans that are in Cycle E to use when they submit determination letter applications for plans between Feb. 1, 2015 and Jan. 31, 2016.
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By John Iekel12/10/2014 • 0 Comments

New Year’s Eve is the deadline for most 2014 required minimum distributions to be made. The IRS issued that reminder Dec. 8 in news release IR-2014-112. Generally, RMDs from 401(k), 403(b) and 457 plans as well as IRAs must be made by Dec. 31. READ MORE

By John Iekel12/8/2014 • 0 Comments

June 30, 2015 is the new deadline for submitting on-cycle applications for opinion and advisory letters for pre-approved defined benefit plans for the plans’ second six-year remedial amendment cycle. READ MORE

By John Iekel12/5/2014 • 0 Comments

On Jan. 2, 2015, the IRS Tax Exempt and Government Entities (TE/GE) Division will transfer those duties to the IRS Office of Associate Chief Counsel (TE/GE), which then will take on technical responsibilities concerning qualified retirement plans and IRAs. READ MORE

JJ McKinney

JJ McKinney

By JJ McKinney12/10/2014 • 0 Comments

Are you a BMOC member? ASPPA’s Business Managers & Owners Council (BMOC) is the new membership option for ASPPA members who are business owners or senior executives of a pension administration or actuarial service company. READ MORE

Judy Miller

Judy Miller

Judy Miller

By Judy Miller12/15/2014 • 0 Comments

Lawmakers have crafted and approved a sweeping bipartisan solution to address the mammoth funding shortfalls of the multiemployer plan system — a solution that is likely to have a long-term impact on defined benefit pension plans for both single and multiemployer arrangements.
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Andrew Remo

Andrew Remo

By Andrew Remo12/29/2014 • 0 Comments

Retiring Sen. Tom Harkin’s (D-IA) signature piece of retirement legislation, the USA Retirement Funds Act, has found a champion to carry it into the next Congress.
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By Andrew Remo12/23/2014 • 0 Comments

While finalizing many of the details of the MyRA program, Treasury and the Department of Labor (DOL) may have unearthed some serious new questions. READ MORE

By Andrew Remo12/22/2014 • 0 Comments

Largely overlooked in the flurry of lame duck activity by Congress is a bill that creates a new kind of savings account for those with disabilities.
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By Andrew Remo12/18/2014 • 0 Comments

With just days to go before the end of the 113th Congress, two senior members of the House Ways & Means Committee have introduced a bipartisan comprehensive retirement bill. READ MORE

By Andrew Remo12/11/2014 • 0 Comments

Legislation working its way through Congress designed to avoid a government shutdown also contains some pension plan provisions. READ MORE

By Andrew Remo12/3/2014 • 0 Comments

More than a dozen states are at various stages of considering some kind of "automatic IRA" proposal, but the Land of Lincoln may have just leapt to the front of the line. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff12/23/2014 • 0 Comments

With the New Year just around the corner, many of us will be considering New Year’s resolutions. Milliman has compiled a list of 10 ideas plan sponsors can adopt in order to improve their retirement plans. READ MORE

By ASPPA Net Staff12/23/2014 • 0 Comments

Forced plan cash-outs into individual retirement accounts (IRAs) could leave billions to be poorly invested for the long-term, according to the Government Accountability Office (GAO). READ MORE

By ASPPA Net Staff12/23/2014 • 0 Comments

U.S. Secretary of Labor Thomas E. Perez has announced the appointment of five new members to the 2015 Advisory Council on Employee Welfare and Pension Benefit Plans — also known as the ERISA Advisory Council. READ MORE

By ASPPA Net Staff12/22/2014 • 0 Comments

Nearly half of Americans retire earlier than expected, yet retirees overwhelmingly report that they are enjoying themselves and discovering that pre-retirement fears of boredom, financial insecurity and lacking purpose are largely unfounded, according to a new study by MassMutual Retirement Services. READ MORE

By ASPPA Net Staff12/22/2014 • 0 Comments

On Jan. 1, 2015, the American Retirement Association (ARA) will officially become the new parent entity of ASPPA, ACOPA, NAPA and NTSA. Because the ARA’s Code of Professional Conduct will apply to all of these four sister organizations, new disciplinary procedures have been proposed. READ MORE

By ASPPA Net Staff12/22/2014 • 0 Comments

As we careen toward 2015 with ever-accelerating speed, the IRS has issued a reminder about year-end deadlines relevant to retirement plans. Following are eight “to dos” the IRS suggests.
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By ASPPA Net Staff12/22/2014 • 0 Comments

Last week we asked readers to vote on the best — and worst — aspects of ERISA and its progeny. Here’s what you told us. READ MORE

By ASPPA Net Staff12/19/2014 • 0 Comments

Asked to choose between a 401(k)-type plan or a company pension plan that provides guaranteed income in retirement, a slim majority of non-retirees chose the 401(k).
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By ASPPA Net Staff12/18/2014 • 0 Comments

The EFAST2 2014 rollover changes will be implemented in the EFAST2 production system Jan. 1, 2015. The Department of Labor has issued a reminder about that for EFAST2 third party software vendors on Dec. 16. READ MORE

By ASPPA Net Staff12/15/2014 • 0 Comments

Top-heavy testing, fiduciary liability, minimum participation standards, non-discrimination testing, contribution limits...the best — and the worst — of ERISA. Here's your chance to weigh in! READ MORE

By ASPPA Net Staff12/12/2014 • 0 Comments

While retirement savings grew to one third (33.7%) of all household investable assets at $13.9 trillion, retirement assets of consumers age 65 to 74 surged from $2.3 trillion to a new high of $3.5 trillion, and now constitute a quarter of total retirement assets, according to a new report. READ MORE

By ASPPA Net Staff12/11/2014 • 0 Comments

Saving for retirement in a workplace savings plan or IRA is the top long-term financial goal, according to a new survey. But the survey also contains the sobering finding that financial resolutions for the new year are on the decline as 2015 approaches. READ MORE

By ASPPA Net Staff12/10/2014 • 0 Comments

Rollovers can be an important way to preserve retirement savings and postpone paying taxes on distributions. The IRS has an updated rollover chart that can help in determining which kinds of rollovers can be made to which accounts.
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By ASPPA Net Staff12/5/2014 • 0 Comments

Even the affluent are “terrified” of the impact of health care costs on retirement — but most haven’t discussed that topic with an advisor, according to an online survey conducted by Harris Poll for the Nationwide Retirement Institute. READ MORE

By ASPPA Net Staff12/2/2014 • 0 Comments

The Fortune 1000 has reported an estimated $285 billion in retiree medical obligations for 2013 — but that’s better than a year ago, according to a recent report. READ MORE

By ASPPA Net Staff12/2/2014 • 0 Comments

Rollovers can be an important way to preserve retirement savings, and postpone paying taxes on distributions. The IRS has an updated rollover chart, as well as additional information about rollovers, rollover eligibility and other considerations, on its site. READ MORE