Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams1/30/2015 • 0 Comments

The 114th Congress has gotten off to a quick start with retirement legislation.
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By Nevin Adams1/15/2015 • 0 Comments

The 7th U.S. Circuit Court of Appeals has outlined the conditions for determining the existence of a partial plan termination, ruling on the fifth appeal of what it called a “seemingly interminable class action suit.”
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By Nevin Adams1/14/2015 • 0 Comments

Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul.
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By Nevin Adams1/7/2015 • 0 Comments

Despite media attention surrounding the Millennial Generation’s relatively poor economic outcomes during the Great Recession, a new analysis by researchers at the Federal Reserve finds that they have fared better on many measures than both current older adults and earlier young adults. READ MORE

By Nevin Adams1/7/2015 • 0 Comments

It was not a good year for pension funding, according to two studies of 2014 data on pension plan funding levels. READ MORE

Craig Hoffman

Craig Hoffman

Craig Hoffman

By Craig Hoffman1/12/2015 • 0 Comments

A regulation that would allow for a “window” period for giving out the annual notice required in most 401(k) plans appears to be heading for a spring 2015 publication date — and that could be good news for your plan sponsor clients.
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John Iekel

John Iekel

John Iekel

By John Iekel1/26/2015 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) was not arbitrary and capricious when it concluded that Kentucky Bancshares was obliged to comply with the Pension Protection Act and ERISA when it terminated its retirement plan and trust, the 6th Circuit has ruled.
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By John Iekel1/13/2015 • 0 Comments

The Pension Benefit Guaranty Corporation on Jan. 12 issued a draft of the 2015 premium filing form and instructions. It provides information for plans paying premiums for plan years beginning in 2015, including instructions for all the particular forms of data that must be reported.
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By John Iekel1/7/2015 • 0 Comments

In enforcing the law, the Pension and Benefit Guaranty Corporation (PBGC) needs to remember its mission to preserve and protect defined benefit plans; that was PBGC Participant and Plan Sponsor Advocate Constance Donovan's message in the report she issued Dec. 31. READ MORE

Norman Levinrad

Norman Levinrad

By Norman Levinrad1/2/2015 • 0 Comments

Are you excited? The first BEAM conference will be a great opportunity to hear experts discuss profitability, engaging staff successfully, sales force development and learning the ins and outs of being a 3(16) fiduciary. READ MORE

John  Ortman

John Ortman

John Ortman

By John Ortman1/7/2015 • 0 Comments

The House of Representatives adopted a rule change Jan. 6 that directs Congress’ legislative analysts — the Joint Committee on Taxation and the Congressional Budget Office — to incorporate the economic effects of major legislation into their official cost estimates of proposed legislation. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo1/26/2015 • 0 Comments

New Chairman of the Senate Finance Committee Orrin Hatch (R-Utah) has staked out his plans, and the committee’s agenda, for dealing with pension reform.
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By Andrew Remo1/16/2015 • 0 Comments

With President Obama poised to deliver his State of the Union address on Jan. 20, a powerful coalition of retirement, union and so-called consumer protection groups has again interjected itself into the debate over retirement plans.
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By Andrew Remo1/14/2015 • 0 Comments

House Budget Committee ranking member Rep. Chris Van Hollen (D-Md) unveiled a set of tax proposals Jan. 12 that are said to be designed, at least in part, to redistribute current tax breaks for the wealthy to middle-class workers.

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Sarah Simoneaux

Sarah Simoneaux

Sarah Simoneaux

By Sarah Simoneaux1/7/2015 • 0 Comments

“Dr. Zhivago” had been at the local movie theater for three weeks. Driving to the theater cost 32 cents per gallon of gas, and “California Dreaming” by the Mamas and Papas played on AM radio. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff1/30/2015 • 0 Comments

The Pension Benefit Guaranty Corporation on Jan. 29 announced that the Office of Management and Budget has approved revisions it made to the forms and instructions for standard and distress terminations and missing participants.
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By ASPPA Net Staff1/30/2015 • 0 Comments

The White House memo on the DOL’s proposal to redefine what constitutes a fiduciary continues to engender negative reaction. READ MORE

By ASPPA Net Staff1/30/2015 • 0 Comments

The U.S. Senate Health, Education, Labor and Pensions Committee on Jan. 28 announced its assignments for the committee’s three subcommittees for the 114th Congress.
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By ASPPA Net Staff1/29/2015 • 0 Comments

Remember the importance of 401(k) plan committees, which can exercise their fiduciary responsibility through meetings and quarterly reviews. READ MORE

By ASPPA Net Staff1/29/2015 • 0 Comments

The ERISA Advisory Council has thrown its support behind the notion of multiple employer plans as a means of encouraging plan formation.

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By ASPPA Net Staff1/28/2015 • 0 Comments

The ERISA Advisory Council has published its recommendations on facilitating lifetime plan participation.

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By ASPPA Net Staff1/21/2015 • 0 Comments

Implementation and appreciation of the value of automatic enrollment is increasingly widespread among employers. Several recent studies have found that more employers are using it, although one points out that enthusiasm about auto features is not universal.
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By ASPPA Net Staff1/20/2015 • 0 Comments

A year ago, President Obama touted the voluntary MyRA in his State of the Union Address — but the White House has a lot more to say about retirement this year — and it’s a lot less voluntary.
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By ASPPA Net Staff1/20/2015 • 0 Comments

Concern for — and plans for action about — retirement plans is widespread among employers. Aon Hewitt in a recent study found that employer-provided retirement plans remain central to retirement readiness, and that employers know it.
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By ASPPA Net Staff1/15/2015 • 0 Comments

Reports of hacks, identity theft and more highlight the importance of making sure information about plan participants and beneficiaries is secure.To help with fulfiling that part of a fiduciary’s duty, here are some questions to ask to make sure participants’ and beneficiaries’ data are kept safe. READ MORE

By ASPPA Net Staff1/15/2015 • 0 Comments

Funding levels of pension plans sponsored by the S&P 1500 fell by 9 percentage points in 2014, from 88% to 79%. According to Mercer, the plans’ collective deficits more than doubled last year, reaching $504 billion at year-end.
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By ASPPA Net Staff1/12/2015 • 0 Comments

The deadline for earning and reporting your 2013-2014 Continuing Education (CE) credits has been extended to Feb. 28, 2015.

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Alisa Wolking

Alisa Wolking

By Alisa Wolking1/20/2015 • 0 Comments

The 114th Congress has officially kicked off, and federal tax reform remains high on the agenda for this year. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) are launching tax reform working groups to develop recommendations for comprehensive federal tax reform.
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