Nevin Adams

Nevin Adams

By Nevin Adams 11/16/2015 • 0 Comments

Good news for those who work with cash balance plans: The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. READ MORE

By Nevin Adams 11/13/2015 • 0 Comments

The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. READ MORE

By Nevin Adams 11/11/2015 • 0 Comments

Despite a growing awareness of the importance of retirement income planning, a recent survey finds nearly half of plan sponsors offer no income-oriented products to their participants. READ MORE

By Nevin Adams 11/9/2015 • 0 Comments

People who don’t have access to a plan at work don’t save for retirement; here’s why small business owners should care. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams11/18/2015 • 0 Comments

Another “excessive fee” lawsuit was settled recently — but what’s more interesting than the settlement amount is the speed with which it was reached and how it’s going to be spread among the parties. READ MORE

By Nevin Adams11/17/2015 • 0 Comments

Retirement seems close for some, but whether you’ve been saving or not, or not saving enough — here are six things Boomers need to know about saving for retirement. READ MORE

By Nevin Adams11/16/2015 • 0 Comments

The Department of Labor on Nov. 16 unveiled a proposed rule to clarify ERISA's application to state-run IRA programs, creating an unfair advantage for those programs over those offered by the private sector. READ MORE

By Nevin Adams11/9/2015 • 0 Comments

Working with retirement plans is a complicated, challenging and constantly changing process; nonetheless, there are certain constants — and things that bear repeating and/or reconsidering from time to time.
READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon11/6/2015 • 0 Comments

“In my 40 years of doing this, I never thought I’d see the day we’d have a president giving us direct instructions …” [on state-run, automatic enrollment IRA programs], Assistant Secretary of Labor Phyllis Borzi told the ERISA Advisory Council Nov. 3-4. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel11/9/2015 • 0 Comments

As the Department of Labor prepares the final iteration of its proposed fiduciary rule, it may be useful to look back on how this all came about and what it entails — and the Congressional Research Service has issued a report that facilitates just that kind of review. READ MORE

Susan Perry

Susan Perry

By Susan Perry11/5/2015 • 0 Comments

The American Retirement Association (ARA) Board of Directors has amended the Professional Code of Conduct to provide that a member of the American Retirement Association is an actuary for purposes of that code if certain criteria are met. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo11/30/2015 • 0 Comments

The Financial Services Roundtable recently hosted an event on Capitol Hill that amounted to a retirement counseling session for Millennials working in Congress. READ MORE

By Andrew Remo11/6/2015 • 0 Comments

The Windy City played host in the first week of November to a gathering focused on developing ideas to address America’s retirement savings challenge — but government-run solutions dominated the conversation. READ MORE

Robert Richter

Robert Richter

Robert Richter

By Robert Richter11/19/2015 • 0 Comments

The benefits and legal communities have lost one of the stalwart champions of the private retirement system — Alvin D. Lurie, who passed away Nov. 17 at age 92. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff11/30/2015 • 0 Comments

The PBGC has amended its regulation on allocation of assets in single-employer plans by substituting a new table for determining expected retirement ages for participants in pension plans that are distressed or are being involuntarily terminated and that have valuation dates falling in 2016. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

The PBGC has reported that in federal fiscal year 2015 the agency paid millions of dollars to support multiemployer pension plans and billions to people covered by pension plans that failed, and that its multiemployer program and its single-employer program ran deeper in debt. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

Pension plan sponsors have long been concerned about rising Pension Benefit Guaranty Corporation premiums — but now a major ratings agency has raised its concerns as well. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

That “unique representational interest” that the Department of Labor (DOL) feels justifies the sponsorship of an open multiple employer plan (MEP) by a state for its citizens might extend beyond state boundaries, Assistant Secretary of Labor Phyllis Borzi has indicated. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

The Securities and Exchange Commission (SEC) has established a date for notice of proposed rulemaking (NPRM) for issuance of the Personalized Investment Advice Standard of Conduct. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

The Obama Administration recently unveiled its myRA program, a federal effort to encourage retirement savings and provide an easy, low-impact way for those who do not participate in a retirement plan to set something aside; Chris Carosa discusses arguments pro and con. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

Plan fiduciaries should be careful when they choose, and retain, auditors; Morgan Lewis partner R. Randall Tracht and associate Elizabeth S. Goldberg discuss the DOL effort to provide information about plan audits and advising care in selecting auditors. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

In “Ethics 2015: Circular 230, Professionalism and Case Studies,” William C. Grossman will provide an overview of Circular 230, as well as a discussion of professionalism in the electronic workplace of 2015. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

A new study challenges the notion that the tax deferral basis of the current U.S. retirement savings system is “upside down” and finds that the benefits of the U.S. retirement system are progressive. READ MORE

By ASPPA Net Staff11/24/2015 • 0 Comments

ASPPA Connect will not be appearing on Friday, Nov. 27, but will be back on Monday, Nov. 30. We wish you a happy Thanksgiving and in keeping with the season, here are a few unusual facts about Thanksgiving. READ MORE

By ASPPA Net Staff11/23/2015 • 0 Comments

The Office of Management and Budget (OMB) has issued a comprehensive list of regulatory projects the Pension Benefit Guaranty Corporation (PBGC) is undertaking. READ MORE

By ASPPA Net Staff11/23/2015 • 0 Comments

The IRS will be holding a Dec. 18 hearing on proposed regulations relating to the administration of a multiemployer plan participant vote on an approved suspension of benefits under the Multiemployer Pension Reform Act of 2014 (MPRA). READ MORE

By ASPPA Net Staff11/20/2015 • 0 Comments

In “Is Your Benefits Communication Reaching Your Millennial Employees?” Kellie Riccelli offers ideas on presenting and phrasing information in a way that could be helpful in boosting Millennals' participation in retirement plans. READ MORE

By ASPPA Net Staff11/20/2015 • 0 Comments

A new study finds that most workers strongly disagree with the statement, “My employer is responsible for providing for my retirement.” READ MORE

By ASPPA Net Staff11/20/2015 • 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 Staff11/20/2015 • 0 Comments

The Department of Labor has criticized an effort by a bipartisan group of members of the U.S. House of Representatives to address concerns about its proposed fiduciary rule, with a DOL spokesman calling the initiative “puzzling and disappointing. READ MORE

By ASPPA Net Staff11/19/2015 • 0 Comments

Securities and Exchange Commission Chairman Mary Jo White on Nov. 18 faced some tough questions from members of the House Financial Services Committee from both parties concerning her agency’s work on setting a uniform fiduciary standard of conduct. READ MORE

By ASPPA Net Staff11/18/2015 • 0 Comments

Recent studies look at the factors behind the need of the "Sandwich Generation" and the Millennials to save more and explain why it is hard for them to do so. READ MORE

By ASPPA Net Staff11/18/2015 • 0 Comments

Underestimating how much one will need to be financially prepared for retirement is rife, and that can have serious consequences, says a study by the American Institute of Certified Public Accountants (AICPA). READ MORE

By ASPPA Net Staff11/17/2015 • 0 Comments

Overall, more than two in five Americans say the economy most affects their spending habits, according to a survey Bank of America and Merrill Edge have released, but the effects on saving and spending vary by generation. READ MORE

By ASPPA Net Staff11/16/2015 • 0 Comments

In dealing with a takeover, the actuary of the acquirer must first collect sufficient information from the plan administrator, the actuary that served the acquired and/or the third party administrator, says Lauren Okum in “DB Plan Takeovers,” an article that appeared in the Fall 2015 issue of Plan Consultant. READ MORE

By ASPPA Net Staff11/13/2015 • 0 Comments

Outsourcing plan administration can help in meeting increasingly complicated requirements — but it’s not a full absolution from all responsibilities, argues Fiduciary Plan Governance in a recent blog entry. READ MORE

By ASPPA Net Staff11/13/2015 • 0 Comments

In “Best Practices for Administering Auto Enrollment Plans,” a webcast that will be held on Tuesday, Nov. 17, J.J. McKinney will examine the successes of automatic enrollment, plan design considerations and types of clients that might be better served by looking for solutions elsewhere. READ MORE

By ASPPA Net Staff11/13/2015 • 0 Comments

At the Current Events Update session at this year’s ASPPA Annual Conference, one particular presidential candidate made an appearance with a little help from ASPPA CEO Brian Graff. READ MORE

By ASPPA Net Staff11/12/2015 • 0 Comments

The Securities and Exchange Commission (SEC) is working “expeditiously” on a uniform fiduciary standard, SEC Chair Mary Jo White said at the Nov. 10 annual meeting of the Securities Industry and Financial Markets Association (SIFMA). READ MORE

By ASPPA Net Staff11/11/2015 • 0 Comments

Recent research by Milliman, Inc. shows mixed signals for private-sector pension plans; their funded status dropped and liabilities grew, but funding problems may have begun to turn the corner. READ MORE

By ASPPA Net Staff11/11/2015 • 0 Comments

Another bill looking to derail the Department of Labor’s fiduciary proposal has been introduced in Congress. READ MORE

By ASPPA Net Staff11/9/2015 • 0 Comments

Effective Feb. 12, 2016, the IRS will no longer be offering the ERPA Special Enrollment Examination (ERPA SEE) to become an ERPA. READ MORE

By ASPPA Net Staff11/6/2015 • 0 Comments

The IRS has issued a draft of the Form 5500-EZ to be used by one-participant retirement plans for 2015 information reporting. READ MORE

By ASPPA Net Staff11/6/2015 • 0 Comments

With concerns about the final Department of Labor (DOL) fiduciary rule and its potential impact on low- and middle-income families still percolating on Capitol Hill, a bipartisan group of House of Representatives members has outlined a series of legislative principles to help guide those efforts. READ MORE

By ASPPA Net Staff11/5/2015 • 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 Staff11/5/2015 • 0 Comments

The Treasury Department has officially launched its MyRA program on a national basis, hoping to “create a savings habit that will grow,” according to Treasury Secretary Jacob Lew. READ MORE

By ASPPA Net Staff11/4/2015 • 0 Comments

On Nov. 3, ASPPA submitted a comment letter with the IRS on the treatment of overpayments, as defined in sections 5.01(3)(c) and 5.02(4) of Revenue Procedure 2013-12, under the Employee Plans Compliance Resolution System (EPCRS). READ MORE

By ASPPA Net Staff11/3/2015 • 0 Comments

They may not have been willing to block the Department of Labor’s (DOL) fiduciary proposal with legislation, but a group of Democratic members of the U.S. House of Representatives are asking for some additional time to comment on the final proposal before it’s final. READ MORE

By ASPPA Net Staff11/2/2015 • 0 Comments

The Social Security Administration and the IRS have issued the Fall 2015 edition of their joint online newsletter, the SSA/IRS Reporter, This edition includes information on issues related to retirement plans and compliance. READ MORE

Janice Wegesin

Janice Wegesin

By Janice Wegesin11/5/2015 • 0 Comments

On Nov.2, 2015, the Employee Benefit Security Administration (EBSA) sent about 1,200 letters by email to filers of 2014 Form 5500 that did not properly include the report of an independent accountant. READ MORE