ASPPA

ASPPA

By ASPPA 12/29/2015 • 0 Comments

After the Dec 30 edition, ASPPA Connect will next appear on Jan. 4. In the meantime, we wish our readers and members a very happy new year and all the best for 2016 and offer some interesting facts about New Years. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams12/29/2015 • 0 Comments

Every plan, and every investment committee, is unique — and yet, conducted properly, there are inevitably areas of commonality. Here are some questions that could enhance the discussion, if not the outcome, of your next meeting.
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By Nevin Adams12/21/2015 • 0 Comments

The court in Tussey v. ABB Inc. No. 2:06-cv-04305 (W.D. Mo. Dec. 9, 2015) has awarded attorney fees roughly equal to the total damages assessed in the excessive fee case — but it won’t come close to covering their costs. READ MORE

By Nevin Adams12/18/2015 • 0 Comments

A diverse group of retirement industry experts has weighed in on what the world of 2019 could look like — and while their view was relatively optimistic, in some respects it wasn’t as much change as you might think. READ MORE

By Nevin Adams12/9/2015 • 0 Comments

Shopping for a new provider is not something one would normally compare with a Black Friday foray, but if you have a plan sponsor — or plan sponsor prospect — who’s thinking about shopping for a new provider, here’s a list they may find useful. READ MORE

By Nevin Adams12/7/2015 • 0 Comments

The team of Portman and Cardin have put their heads, and pens, together in a letter to Labor Secretary Tom Perez about the Department of Labor’s fiduciary proposal. READ MORE

By Nevin Adams12/7/2015 • 0 Comments

There are a lot of questions that plan fiduciaries should ask, but here are five W’s and an H that every new plan fiduciary — or every “old” fiduciary who is new to a plan — should ask. READ MORE

By Nevin Adams12/3/2015 • 0 Comments

A congressional subcommittee hearing Dec. 2 gave voice to the conflicting perspectives on the Department of Labor’s (DOL) fiduciary proposal, though it seems unlikely that anyone’s perspective was changed. READ MORE

Craig Hoffman

Craig Hoffman

Craig Hoffman

By Andrew Remo, Craig Hoffman12/4/2015 • 0 Comments

Congress has passed the Fixing America’s Surface Transportation (FAST) Act of 2015, which is expected to be signed into law Dec. 4 by President Obama — and which, thanks to ASPPA GAC input, includes a vital change for Form 5500 filers. READ MORE

By Craig Hoffman12/3/2015 • 0 Comments

The final version of the 2015 Form 5500 was released on Dec. 3 and, in a victory for ASPPA GAC, the new IRS compliance questions were made optional (at least for the 2015 plan year). READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo, Craig Hoffman12/4/2015 • 0 Comments

Congress has passed the Fixing America’s Surface Transportation (FAST) Act of 2015, which is expected to be signed into law Dec. 4 by President Obama — and which, thanks to ASPPA GAC input, includes a vital change for Form 5500 filers. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff12/30/2015 • 0 Comments

In 2016, be ready for more of the same regarding attention to fees charged plan sponsors and participants says Susan Mangiero in her blog, Pension Risk Matters. READ MORE

By ASPPA Net Staff12/30/2015 • 0 Comments

In an article that appeared in the Fall 2015 Plan Consultant, Lauren Bloom discusses the importance of codes of conduct and whether a professional who does something disgraceful but that isn’t directly related to the professional’s practice should be disciplined by their profession. READ MORE

By ASPPA Net Staff12/30/2015 • 0 Comments

Saving for retirement and paying off student loan debt may seem to be mutually exclusive goals and functions, but Beth Braverman argues in Forbes that they are not.
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By ASPPA Net Staff12/30/2015 • 0 Comments

As we end one year and approach a new one, here’s a look at the “Current Events” general session at this year’s ASPPA Annual Conference, which featured a refreshing twist. READ MORE

By ASPPA Net Staff12/29/2015 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Dec. 23 sent the Office of Management and Budget (OMB) a request for its approval of a revision to its collection of information on locating and paying plan participants. READ MORE

By ASPPA Net Staff12/29/2015 • 0 Comments

The Social Security Administration’s Office of the Chief Actuary has issued updated disability and death probability tables based on the intermediate assumptions of the 2015 Trustees Report. READ MORE

By ASPPA Net Staff12/29/2015 • 0 Comments

The IRS Employee Plans office, in the latest issue of Employee Plans News, has issued reminders and links to other information especially useful to plans as the old year ends and a new year begins. READ MORE

By ASPPA Net Staff12/22/2015 • 0 Comments

After the Dec 23 edition, ASPPA Connect will next appear on Dec. 28. In keeping with the season, we found a sampling of U.S. place names that resonate at this time of year interesting.
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By ASPPA Net Staff12/21/2015 • 0 Comments

One of the most-cited sources of government data regarding income sources in retirement has revamped its methodology, but in the process led to questions about its reliability of those findings, according to a recent report. READ MORE

By ASPPA Net Staff12/21/2015 • 0 Comments

“A Key Beneficiary Provision in PPA Plan Documents,” an article that appeared in the Fall 2015 issue of Plan Consultant, concerns changes in plan documents have have made them much more complicated and sophisticated. READ MORE

By ASPPA Net Staff12/21/2015 • 0 Comments

Understanding how the EPCRS negotiation process works and strategies that can be employed are critical. In a webcast that will be held on Jan. 14, 2016, Ilene H. Ferenczy will share her many years of experience in dealing with the IRS in this case-study-intensive webcast. READ MORE

By ASPPA Net Staff12/21/2015 • 0 Comments

The departing year was a challenging one for many defined benefit plans, so Mercer outlines key investment issues they can focus on in 2016. READ MORE

By ASPPA Net Staff12/21/2015 • 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 Staff12/21/2015 • 0 Comments

The decision to contribute or convert to a Roth IRA incurs an immediate tax liability that could become so heavy as to be destructive, writes Michael Kitces in “Using Systematic Partial Roth IRA Conversions and Recharacterizations To Fill The Lower Tax Bracket Buckets.” READ MORE

By ASPPA Net Staff12/21/2015 • 0 Comments

A bipartisan group of lawmakers last week introduced legislation that they say will “ensure retirement advisors serve their clients’ best interests and preserve access to quality financial planning” and would also require Congress' approval of the final fiduciary rule from the Labor Department. READ MORE

By ASPPA Net Staff12/18/2015 • 0 Comments

With potential clients one has a brief chance to make a pitch, capture attention and attract a client’s loyalty — and then one has to retain it. “Elevator Pitches — and Retaining a Client’s Loyalty,” an article that appeared in the Fall 2015 edition of Plan Consultant, discusses how this can make a real difference for a practice. READ MORE

By ASPPA Net Staff12/18/2015 • 0 Comments

This is the time that many are forming their end-of-year lists. Accordingly, the lawyers at Snell & Wilmer have prepared a “to do” list for executive compensation plans. READ MORE

By ASPPA Net Staff12/17/2015 • 0 Comments

Among the strongest trends of the outgoing year: growth in employee engagement in their financial wellness, use of annuities and offerings of QLACs, say two recently released studies, and next year may bring more of the same. READ MORE

By ASPPA Net Staff12/16/2015 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) has issued the 2016 comprehensive premium filing instructions. READ MORE

By ASPPA Net Staff12/16/2015 • 0 Comments

Those hoping that the Labor Department’s fiduciary rule would be derailed in congressional budget negotiations found coal in their pre-Christmas stockings instead. READ MORE

By ASPPA Net Staff12/14/2015 • 0 Comments

The IRS on Dec. 14 issued the 2015 Cumulative List of Changes in Plan Qualification Requirements; it is to be used by plan sponsors and practitioners submitting determination letter applications for plans during the period beginning Feb. 1, 2016 and ending Jan. 31, 2017.
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By ASPPA Net Staff12/14/2015 • 0 Comments

It’s the time of year when Santa — and those who work with defined benefit plans — are making their end-of-year lists — and checking them twice; to that end, the lawyers at Snell & Wilmer have prepared the following end-of-year “to do” list for DB plans. READ MORE

By ASPPA Net Staff12/14/2015 • 0 Comments

In a bit of a different take on the time-honored tradition of end-of-the-year lists, Chris Carosa in Fiduciary News offers some ideas regarding ways to educate employees and encourage them to do something about their financial readiness for retirement.
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By ASPPA Net Staff12/14/2015 • 0 Comments

To reach students, prepare materials that will encourage them to choose to want to learn; in “Focus on Teaching First, Then Finance,” an article in the Fall 2015 edition of Plan Consultant, Brian Kallback outlines how one can do that. READ MORE

By ASPPA Net Staff12/11/2015 • 0 Comments

The House and Senate have passed a short-term spending bill that will keep the government funded through Dec. 16; whether budget legislation ultimately will include provisions affecting the Department of Labor’s fiduciary rule remains uncertain.
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By ASPPA Net Staff12/11/2015 • 0 Comments

Risk transfer events (RTEs) affected more than one million pension plan participants during the period 2009-2013, reports the Pension Benefit Guaranty Corporation (PBGC). In “Risk Transfer Study: Plan Years: 2009-2013.” READ MORE

By ASPPA Net Staff12/10/2015 • 0 Comments

The IRS has updated the frequently asked questions about the Form 5500 series

— and did so in a manner that makes them useful for 2015 reporting.

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By ASPPA Net Staff12/10/2015 • 0 Comments

Some may consider it a bundle of coal, and others a vision of sugarplums, but a bipartisan group of lawmakers now says that their legislative proposal to ensure retirement advisors protect clients’ best interests could be introduced before the holiday break. READ MORE

By ASPPA Net Staff12/9/2015 • 0 Comments

For those thinking the impetus behind the Labor Department’s fiduciary proposal might fade with a change in administrations, think again. READ MORE

By ASPPA Net Staff12/9/2015 • 0 Comments

The IRS in Notice 2015-86 has provided guidance on how the U.S. Supreme Court's ruling Obergefell , which overturned state laws and constitutional amendments that defined marriage as occurring between a man and a woman, applies to retirement plans. READ MORE

By ASPPA Net Staff12/9/2015 • 0 Comments

IRA holders and those who provide them services may be interested to know that the IRS has made modifications to the Form 5329, “Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.” READ MORE

By ASPPA Net Staff12/8/2015 • 0 Comments

The federal budget bill being negotiated on Capitol Hill this week could become the battleship that eventually sinks the Department of Labor’s fiduciary rule. READ MORE

By ASPPA Net Staff12/7/2015 • 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 Staff12/4/2015 • 0 Comments

Milliman’s annual Public Pension Funding Study says that the overall funded ratio for public pension plans improved in 2014, but also includes some caveats that indicate that in both the short and long run, the picture may not be entirely rosy. READ MORE

By ASPPA Net Staff12/3/2015 • 0 Comments

The Department of Labor (DOL), IRS and Pension Benefit Guaranty Corporation (PBGC) on Dec. 3 released advance copies of the Form 5500 Series to be used for 2015 reporting. READ MORE

By ASPPA Net Staff12/2/2015 • 0 Comments

Adam S. Lilling in “The Hidden Risks of Employee Benefit Plan Audits,” argues that there is more to beware of than simply giving in to the temptation to roll the dice and not bother with an audit.
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By ASPPA Net Staff12/2/2015 • 0 Comments

In the webcast “Handling Participant Claims and Inquiries,” which will be held on Wednesday, Dec. 16, Kelsey H. Mayo will look at a variety of participant inquiries and how they can play into the claims process. READ MORE

By ASPPA Net Staff12/1/2015 • 0 Comments

Multiemployer defined benefit plans show stability and then some, according to a recent study that says they are enjoying sustained recovery from the Great Recession.
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By ASPPA Net Staff12/1/2015 • 0 Comments

Legislation that would amend the rules for church plans in a variety of ways is now before both chambers of Congress.
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