Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams5/19/2015 • 0 Comments

Those looking for a bright line of illumination from the U.S. Supreme Court on fiduciary responsibilities in a 401(k) revenue-sharing case were likely disappointed May 18. READ MORE

Mike Bushnell

Mike Bushnell

Mike Bushnell

By Mike Bushnell5/15/2015 • 0 Comments

Most respondents in a recent survey of high-level defined benefit plan representatives in the United States and Canada said they would adjust their risk exposure if updated mortality tables increased their plan’s liabilities, but a small minority are actively implementing de-risking strategies. READ MORE

By Mike Bushnell5/12/2015 • 0 Comments

Echoing a recent study from Transamerica in which the vast majority of Boomers and Gen Xers expect to retire long after they turn 65, an Allianz survey reports that more than five in six Americans over 35 say traditional retirement is now “a romantic fantasy.”
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Craig Hoffman

Craig Hoffman

Craig Hoffman

By Craig Hoffman5/13/2015 • 0 Comments

ASPPA’s Chicago Regional Conference, to be held June 4 and 5, is not to be missed by practitioners who need to get up to date on the most important developments affecting plan sponsors and the professionals who advise them. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel5/15/2015 • 0 Comments

The DOL’s ERISA Advisory Council at its May 27-29 meeting will include examination of lifetime plan participation. READ MORE

By John Iekel5/11/2015 • 0 Comments

The Illinois Supreme Court was of one mind on May 8, unanimously ruling that the state’s 2013 pension reform law violates the state constitution. READ MORE

By John Iekel5/8/2015 • 0 Comments

In testimony at a recent hearing held by the Rhode Island House Committee of Labor, the American Retirement Association expressed strong support for a bill that would establish a private-sector employer IRA program in the Ocean State. READ MORE

By John Iekel5/6/2015 • 0 Comments

Cyber attacks, and the threat they pose to firms that provide finance-related services and their clients, prompted the recent release by the SEC’s Division of Investment Management of some steps that can protect against them. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff5/29/2015 • 0 Comments

The Bipartisan Policy Center convened what at least one participant termed a “policy wonk throwdown” in the nation’s capital May 27. The subject? The Department of Labor’s fiduciary proposal. READ MORE

By ASPPA Net Staff5/29/2015 • 0 Comments

The recent Department of Labor (DOL) study finding deficiencies in audits of employee benefit plans does not translate to a statement about how viable those plans are, says the American Institute of CPAs (AICPA) in a May 28 statement.
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By ASPPA Net Staff5/28/2015 • 0 Comments

A study the Department of Labor did of its audits of employee benefits plans shows that the department needs to improve the quality of those audits. READ MORE

By ASPPA Net Staff5/26/2015 • 0 Comments

Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) on May 21 released an update on the committee’s bipartisan tax working groups.
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By ASPPA Net Staff5/26/2015 • 0 Comments

On May 20, President Obama announced his intent to nominate a number of individuals to key Administration posts, including the Pension Benefit Guaranty Corporation.
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By ASPPA Net Staff5/22/2015 • 0 Comments

Employers, plan administrators, third party administrators and others associated with multiemployer plans have received reassurance regarding the scope of the Pension Benefit Guaranty Corporation’s proposed rule on mandatory e-filing for certain multiemployer notices. READ MORE

By ASPPA Net Staff5/21/2015 • 0 Comments

While we won’t be bringing you an ASPPA Connect newsletter on Monday in view of it being Memorial Day, we did want to share with you some interesting facts about the holiday that you might not have known. READ MORE

By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA Executive Director and CEO Brian Graff opened ASPPA’s first-ever virtual conference with a discussion of “the elephant in the room” — the Department of Labor’s reproposal concerning the definition of who is a fiduciary.
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By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA’s first-ever virtual conference provided more than critical information on important issues — it also afforded an opportunity to gain the expert speakers’ insights on particular situations and matters. READ MORE

By ASPPA Net Staff5/21/2015 • 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. READ MORE

By ASPPA Net Staff5/18/2015 • 0 Comments

Join other pension professionals for an opportunity to learn from industry leaders and experts, hear from government officials, learn best practices and more at ASPPA’s 2015 Annual Conference, Oct. 18-21 at National Harbor, Md. READ MORE

By ASPPA Net Staff5/18/2015 • 0 Comments

The Department of Labor has announced a brief extension of the comment period on its fiduciary reproposal — and has set a date for a public hearing. READ MORE

By ASPPA Net Staff5/15/2015 • 0 Comments

Legislation introduced recently in the U.S. House of Representatives and the Senate would require retirement plans to include an “annuity equivalent” on participant statements. READ MORE

By ASPPA Net Staff5/13/2015 • 0 Comments

Amending the Illinois constitution may be an answer to the state's pension problems, Gov. Bruce Rauner's (R) office has suggested. READ MORE

By ASPPA Net Staff5/12/2015 • 0 Comments

The Department of Labor’s Employee Benefit Security Administration has asked the Office of Management and Budget to extend for three more years authorization to gather information through the Form 5500. READ MORE

By ASPPA Net Staff5/11/2015 • 0 Comments

In a bid to expand availability of employee stock ownership plans in S corporations and enhance retirement savings, Sen. Ben Cardin (D-MD) on May 6 introduced legislation he hopes will accomplish both. READ MORE

By ASPPA Net Staff5/11/2015 • 0 Comments

David N. Levine and Pete Swisher in the recent ASPPA webcast, “The Conflict of Interest Proposal: How it Works and What it Means,” discussed what the Department of Labor’s recent fiduciary redefinition proposal means and portends. READ MORE

By ASPPA Net Staff5/11/2015 • 0 Comments

Nominations are now being accepted for three open seats on ASPPA’s 2016 Leadership Council. READ MORE

By ASPPA Net Staff5/7/2015 • 0 Comments

The IRS has put in place new ways to correct elective deferral errors in 403(b) and 401(k) plans, and accordingly has updated its webpage and included coverage in Issue 2015-5 of Employee Plans News. READ MORE

By ASPPA Net Staff5/7/2015 • 0 Comments

The effective dates of changes the IRS Employee Plans division made to processing of determination letters for retirement plans vary by form, the IRS has reminded filers and retirement professionals. READ MORE

By ASPPA Net Staff5/6/2015 • 0 Comments

You have till June 30 to nominate an ASPPA member who has made a significant contribution to retirement plan education, especially in the last 12 months, for ASPPA’s 2015 Educator’s Award. READ MORE

By ASPPA Net Staff5/6/2015 • 0 Comments

The DOL’s ERISA Advisory Council is set to seek solutions to difficulties plan participants experience in understanding their choices in pension risk transfer transactions. READ MORE

By ASPPA Net Staff5/4/2015 • 0 Comments

The IRS on May 1 issued a reminder in news release IR-2015-74 that eligible small businesses can file the returns by June 2 and not suffer the penalties they would otherwise face. READ MORE

By ASPPA Net Staff5/4/2015 • 0 Comments

ASPPA in an April 30 comment letter made suggestions regarding projects and guidance the IRS should pursue in its 2015-2016 Priority Guidance Plan. READ MORE

By ASPPA Net Staff5/1/2015 • 0 Comments

The Financial Accounting Standards Board Emerging Issues Task Force has issued an FASB Exposure Draft containing proposed updates to accounting standards for defined benefit and defined contribution plans. READ MORE