ASPPA

ASPPA

By ASPPA 3/26/2015 • 0 Comments

The IRS announced March 25 that it has expanded automatic approval opportunities for single-employer defined benefit plans. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams3/18/2015 • 0 Comments

Your plan sponsor clients just got a little more breathing room on annual 401(k) plan investment notices, courtesy of the DOL.
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Mike Bushnell

Mike Bushnell

Mike Bushnell

By Mike Bushnell3/17/2015 • 0 Comments

Baby Boomers who have yet to cut the financial cord with their adult children are increasingly finding that tether to be more like an anchor keeping them from reaching retirement, says a recent study.
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By Mike Bushnell3/3/2015 • 0 Comments

Many plan sponsors said they would make changes to their target date funds last year; a recent study by Callan Associates shows that many of them were true to their word.
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Richard Carpenter

Richard Carpenter

By Richard Carpenter3/2/2015 • 0 Comments

In a world where cyber-terrorism is dramatically growing, not even TPA websites are immune.

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ASPPA GAC

ASPPA GAC

By ASPPA GAC3/19/2015 • 0 Comments

On March 19, the Government Affairs Committee of the American Society of Pension Professionals & Actuaries filed a comment letter with the IRS regarding suggested changes to the Employee Plans Compliance Resolution System. READ MORE

Brian Graff

Brian Graff

By Brian Graff3/12/2015 • 0 Comments

Several months ago, ASPPA members overwhelmingly voted in favor of a new name and structure for the umbrella organization of our four sister associations — the American Retirement Association. Today we’re announcing our new name and structure to the media, policy makers and the industry at large. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon, John Iekel3/19/2015 • 0 Comments

Securities and Exchange Commission Chair Mary Jo White confirmed March 17 that the commission will “implement a uniform fiduciary duty for broker-dealers and investment advisors where the standard is to act in the best interest of the investor.”
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Craig Hoffman

Craig Hoffman

Craig Hoffman

By Craig Hoffman3/4/2015 • 0 Comments

ASPPA’s Government Affairs Committee (GAC) filed a comment letter with the IRS on March 3, 2015, requesting an extension of the June 30 deadline for submitting the master language for pre-approved defined benefit plans. READ MORE

By Craig Hoffman3/3/2015 • 0 Comments

The IRS has transferred responsibility for certain technical work from its Employee Plans Division to the IRS Chief Counsel’s office; IRS Announcement 2014-34 and IRS Revenue Procedure 2015-6 formalize this change.
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John Iekel

John Iekel

John Iekel

By John Iekel3/30/2015 • 0 Comments

The PBGC seeks to revise forms it needs to implement Section 303(k) of ERISA and Internal Revenue Code Section 430(k) and seeks extension of OMB approval of certain forms. READ MORE

By Ray Harmon, John Iekel3/19/2015 • 0 Comments

Securities and Exchange Commission Chair Mary Jo White confirmed March 17 that the commission will “implement a uniform fiduciary duty for broker-dealers and investment advisors where the standard is to act in the best interest of the investor.”
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By John Iekel3/17/2015 • 0 Comments

The Treasury Department and IRS have invited recommendations on what the priority guidance plan for 2015-2016 should contain.
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By John Iekel3/12/2015 • 0 Comments

The IRS announced on March 11 that for the first time in two years it has updated the information package containing sample plan provisions concerning pre-approved 403(b) plans. READ MORE

By John Iekel3/10/2015 • 0 Comments

The Pension Benefit Guaranty Corporation announced on March 9 that the Office of Management and Budget has approved the 2015 PBGC premium filing instructions READ MORE

By John Iekel3/9/2015 • 0 Comments

Identical bills before both chambers of the Iowa legislature would end state taxation of pensions and other forms of retirement income — but only through 2020.

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By John Iekel3/5/2015 • 0 Comments

The New Jersey Pension and Health Benefits Study Commission has issued its findings and proposals for how the Garden State can address its seemingly intractable state pension funding problems. READ MORE

Amanda Iverson

Amanda Iverson

By Amanda Iverson3/31/2015 • 0 Comments

ASPPA’s Women Business Leaders Forum (WBLF) will be held June 8-11 at the Francis Marion Hotel in Charleston, S.C. Following is a Q&A about the WBLF with Amanda Iverson, CPA, PHR, Pinnacle Plan Design LLC’s Chief Operating Officer. READ MORE

Robert Kaplan

Robert Kaplan

By Robert Kaplan3/27/2015 • 0 Comments

The Pros and Cons of 401(k) Plan Designs will be one of the sessions at the ASPPA Regional Conference in Philadelphia April 30-May 1.
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Andrew Remo

Andrew Remo

By Andrew Remo3/26/2015 • 0 Comments

The Securities and Exchange Commission and Department of Labor are both working on fiduciary issues — but their different approaches appear to be on different schedules. READ MORE

By Andrew Remo3/19/2015 • 0 Comments

Secretary of Labor Thomas Perez used his first appearances before the 114th Congress to deliver a full-throated defense of the DOL’s controversial effort to expand the fiduciary standard of care to financial service providers under the jurisdiction of the department.

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By Andrew Remo3/3/2015 • 0 Comments

Legislation that would require Maryland employers to adopt payroll deduction savings plans for their employees got a full bicameral at a recent hearing in the Maryland General Assembly.
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Robert Richter

Robert Richter

Robert Richter

By Robert Richter3/26/2015 • 0 Comments

ASPPA’s IRS Q&A subcommittee is gathering questions for the Defined Contribution IRS/Treasury Question & Answer general session at this October’s Annual Conference. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff3/27/2015 • 0 Comments

The Employee Benefit Research Institute has published an analysis on the right savings rate for a successful retirement that goes well beyond the simplistic “replacement rate” assumptions touted by many. READ MORE

By ASPPA Net Staff3/26/2015 • 0 Comments

Expanded annual actuarial certifications for multiemployer plans are due March 31 for calendar year plans. READ MORE

By ASPPA Net Staff3/20/2015 • 0 Comments

The IRS on March 19 announced that it has extended temporary relief from nondiscrimination rules for certain closed defined benefit plans under Internal Revenue Code Section 401(a)(4) for another year. READ MORE

By ASPPA Net Staff3/20/2015 • 0 Comments

The IRS on March 19 in IR-2015-55 issued a reminder that April 1 is the deadline for RMDs from traditional IRAs and 401(k), 403(b) and 457 plans to taxpayers who reached age 70½ in 2014. READ MORE

By ASPPA Net Staff3/18/2015 • 0 Comments

ASPPA is always providing information and insights valuable to its members; following is a summary of upcoming webcasts and events for ASPPA members.

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By ASPPA Net Staff3/17/2015 • 0 Comments

Record highs on Wall Street did little to motivate participant movement in February — and while transfers favored fixed income during the month, international funds also had some allure.
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By ASPPA Net Staff3/17/2015 • 0 Comments

The IRS on March 16 in IR-2015-50 issued a reminder that there still is time to contribute to an IRA for 2014 and, in many cases, qualify for a tax credit or deduction.

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By ASPPA Net Staff3/16/2015 • 0 Comments

Americans strongly believe in and support saving for retirement, but that doesn’t necessarily mean that they’re saving as much as they are projected to need in order to be financially ready for retirement, two recent studies indicate.
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By ASPPA Net Staff3/13/2015 • 0 Comments

Join fellow pension actuaries and other defined benefit plan professionals at the Sheraton Chicago Hotel and Towers Aug. 7-8 for the 2015 ACOPA Actuarial Symposium!
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By ASPPA Net Staff3/13/2015 • 0 Comments

Eight Republican senators have expressed their concerns about the potential negative consequences for American workers if the Labor Department’s fiduciary reproposal hasn’t changed significantly from the 2010 version.
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By ASPPA Net Staff3/12/2015 • 0 Comments

In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current Pension Benefit Guaranty Corporation guarantees if their plans run out of money, according to a new study.
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By ASPPA Net Staff3/9/2015 • 0 Comments

The IRS has updated materials it provides to assist employers, plan administrators and TPAs in remaining in compliance with federal law and regulation concerning simplified employee pension plans.
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By ASPPA Net Staff3/9/2015 • 0 Comments

Retirees will need an average of $2.5 million to maintain the same quality of life in retirement, according to a recent Legg Mason survey.
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By ASPPA Net Staff3/6/2015 • 0 Comments

The Labor Department has repeatedly claimed to be consulting with the Securities and Exchange Commission on its fiduciary reproposal — but a couple of key House Republicans would like to see some proof.
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By ASPPA Net Staff3/5/2015 • 0 Comments

The IRS on March 4 announced that it has revised publications concerning aspects of IRA administration and taxation of IRAs. READ MORE

By ASPPA Net Staff3/4/2015 • 0 Comments

Legislative phoenixes that would codify the president’s MyRA proposal and change the qualified plan loan rules have arisen in both chambers of Congress.
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By ASPPA Net Staff3/4/2015 • 0 Comments

ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events for ASPPA members.
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By ASPPA Net Staff3/3/2015 • 0 Comments

The funded status of corporate pensions in the United States was 87.5% in February, a jump of 5.1 percentage points since January, according to BNY Mellon Investment and Strategy Group (ISSG). What a difference a month makes: their funded status slipped by almost the same amount the month before. READ MORE

By ASPPA Net Staff3/2/2015 • 0 Comments

New York City Public Advocate Letitia James on Feb. 26 introduced legislation creating a commission of experts to study the establishment of a pension fund for private sector workers in New York City.

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Alisa Wolking

Alisa Wolking

By Alisa Wolking3/16/2015 • 0 Comments

As the White House promotes the Department of Labor’s reproposal of the fiduciary rule, Sen. Elizabeth Warren (D-Mass.) took the opportunity March 12 to criticize “brokers on Wall Street” and reinforce the administration’s messaging on the controversial proposed regulation.

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