ASPPA

ASPPA

By ASPPA 1/21/2016 • 0 Comments

In “I’ll Be Missing You: Tips for Locating Missing Participants,” an article that appeared in the Winter 2016 issue of Plan Consultant magazine, Charlene M. Kelly describes the circumstances in which missing participants pose problems for plan sponsors of DC plans, and the fiduciary steps that can be taken in locating them. READ MORE

By ASPPA , ASPPA Net Staff1/21/2016 • 0 Comments

Ex-presidents will share in the experience of pension caps if the U.S. House of Representatives has its way. READ MORE

Nevin Adams

Nevin Adams

By Nevin Adams 1/26/2016 • 0 Comments

Harkening back to a brief reference to benefit portability in the State of the Union address, the Obama Administration has announced its desire to extend Multiple Employer Plan (MEP) access to the private sector. READ MORE

By Nevin Adams 1/19/2016 • 0 Comments

This is the time of year when resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue; Nevin Adams offers some for plans. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams1/29/2016 • 0 Comments

Neither rain, nor snow, nor dark of night could keep the Labor Department from getting the updated conflict-of-interest/fiduciary regulation to the Office of Management and Budget for review. READ MORE

By Nevin Adams1/26/2016 • 0 Comments

A recent Supreme Court ruling may have implications for retirement plan overpayment recoveries. READ MORE

By Nevin Adams1/5/2016 • 0 Comments

It is something of a tradition this time of year to look back, to reminiscence about past events and lessons learned, and sometimes to look ahead. Here are some insights that should help lay the groundwork for a productive and prosperous 2016. READ MORE

Brian Graff

Brian Graff

By Brian Graff1/22/2016 • 0 Comments

ASPPA Executive Director Brian Graff writes that new DOL guidance gives state-run retirement plan products an unfair advantage without any reasonably apparent policy justification. READ MORE

Judy Miller

Judy Miller

Judy Miller

By Judy Miller1/31/2016 • 0 Comments

The Senate Finance Committee held a hearing Jan. 28 on “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans.” READ MORE

By Judy Miller1/22/2016 • 0 Comments

Over the past several years, we have heard from our members that IRS had taken issue with “412(d)(2)” plan amendments in the determination letter application review process — but an internal memorandum from the IRS contains some good news. READ MORE

Jim Nolan

Jim Nolan

By Jim Nolan1/11/2016 • 0 Comments

The second annual ASPPA Business Managers and Owners Council (BMOC) Conference, an event tailored to the needs of senior managers and owners of pension administration businesses, will be held March 20-22 at the Hilton Rosemont Hotel in Rosemont, Ill. — close to Chicago O’Hare airport and downtown Chicago. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo1/28/2016 • 0 Comments

Current retirement savings policies continue to be under the wonk microscope in Washington D.C., and was the primary subject of an event at the liberal-leaning Center for American Progress last week. READ MORE

By Andrew Remo1/22/2016 • 0 Comments

Economists and retirement policy wonks gathered at a Washington D.C. think tank Jan. 20 for a presentation and discussion about the distribution of retirement benefits. READ MORE

By Andrew Remo1/7/2016 • 0 Comments

The Nutmeg State has taken another step toward the creation of a state-run retirement program for private sector workers with the release of a lengthy report detailing the potential elements of such a program. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff1/29/2016 • 0 Comments

The IRS in Notice 2016-16, issued Jan. 29, provides guidance on mid-year changes to a safe harbor plan under Internal Revenue Code Sections 401(k) and 401(m). READ MORE

By ASPPA Net Staff1/29/2016 • 0 Comments

Tomato, tomahto. Split an atom, terminate a pension plan. A recent blog post suggests they may not be as different as they seem. READ MORE

By ASPPA Net Staff1/29/2016 • 0 Comments

Not quite two years ago, Sen. Marco Rubio (R-Fla.) said the federal government’s Thrift Savings Plan (TSP) should be opened to private sector workers; now legislation is before the U.S. Senate that would take a step in that direction. READ MORE

By ASPPA Net Staff1/28/2016 • 0 Comments

In a Jan. 25 telephone interview with reporters, Labor Secretary Thomas Perez said that the Department of Labor hopes that work on the proposed fiduciary rule will be completed “in the coming months.” READ MORE

By ASPPA Net Staff1/27/2016 • 0 Comments

In “Analyzing Controlled and Affiliated Service Groups,” a webinar to be held on Tuesday, Feb. 9, attorney Kelsey Mayo will provide a brief look at the impact controlled groups and affiliated service groups have, and what should one take into account in considering whether to be a part of one.
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By ASPPA Net Staff1/27/2016 • 0 Comments

Pension plans should reduce surplus volatility as they work toward becoming better funded says one school of thought; but there could be a fly in the ointment, argues Tony Gould, global head of pensions solutions and advisory at J.P. Morgan Asset Management in New York City. READ MORE

By ASPPA Net Staff1/26/2016 • 0 Comments

The IRS has issued a proposed rule on the determination of whether the normal retirement age under a governmental pension plan satisfies Internal Revenue Code requirements and whether paying definitely determinable benefits starting at the plan’s normal retirement age satisfies them. READ MORE

By ASPPA Net Staff1/26/2016 • 0 Comments

The point has often been made that retirement plan tax “preferences” are a deferral of taxes, not a deduction — and now the Congressional Budget Office has estimated that impact on the nation’s Gross Domestic Product. READ MORE

By ASPPA Net Staff1/26/2016 • 0 Comments

Employers with pension plans seek to control costs. But what approach should they take? A recent report offers some suggestions. READ MORE

By ASPPA Net Staff1/26/2016 • 0 Comments

The IRS has updated the information it provides concerning the data analysis verification projects its Employee Plans Compliance Unit (EPCU) is pursuing. READ MORE

By ASPPA Net Staff1/21/2016 • 0 Comments

Small businesses in the Garden State will soon be able to use a virtual marketplace to choose a private retirement plan; New Jersey Gov. Chris Christie (R) has signed into law a measure establishing that marketplace. READ MORE

By ASPPA Net Staff1/21/2016 • 0 Comments

The Department of Labor is pushing to get the revised version of its fiduciary rule to the Office of Management and Budget by the end of January, according to published reports. READ MORE

By ASPPA Net Staff1/21/2016 • 0 Comments

As part of the year-long celebration of ASPPA’s 50th anniversary, we’ve compiled lists of landmark events that took place in each month of the year; here's a look at what the month of January featured: READ MORE

By ASPPA , ASPPA Net Staff1/21/2016 • 0 Comments

Ex-presidents will share in the experience of pension caps if the U.S. House of Representatives has its way. READ MORE

By ASPPA Net Staff1/21/2016 • 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 Staff1/20/2016 • 0 Comments

A recent study suggests that the principle location, location, location that applies to real estate also may apply to retirement plan access. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

The “Gray Book,” a compendium of questions actuaries pose to the IRS and the answers to them, will no longer be produced in part due to reallocation of resources by the IRS. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

The IRS Employee Plans Compliance Unit (EPCU) has updated the information it provides on its Q&A page concerning handling certain erroneous filings. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

While the “optional” nature of a number of items is inconspicuous on the face of the 2015 Form 5500 series reports, the 2015 Form 5500 Instructions make clear that completing certain lines is not required. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

A new report indicates that we may be approaching a tipping point in the effort to foster active interest in financial wellness — and in the process, improving prospects for financial readiness for retirement. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

Will more corporations need to file Form 4010 with the PBGC for their pension plans for federal fiscal year 2016? Jeffrey Kamenir, Principal and Consulting Actuary in the Chicago Office of Milliman USA, Inc., addressed the matter in a recent Retirement Town Hall blog post. READ MORE

By ASPPA Net Staff1/19/2016 • 0 Comments

Boeing, a major U.S. employer with more than 160,000 employees, has reached a tentative, six-year agreement with the Society of Professional Engineering Employees in Aerospace that would freeze defined benefit plan accruals for its employees who belong to that union. READ MORE

By ASPPA Net Staff1/15/2016 • 0 Comments

The Garden State will have a new state-run retirement plan for private sector workers — though not the one that might have been expected. READ MORE

By ASPPA Net Staff1/15/2016 • 0 Comments

The American Retirement Association submitted a comment letter to the DOL on a proposed regulation under which an IRA plan, if established and maintained under a state-mandated payroll deduction program, would not be considered to be an “employee pension benefit plan” or “pension plan” under ERISA. READ MORE

By ASPPA Net Staff1/14/2016 • 0 Comments

ASPPA’s offices will be closed on Monday, Jan. 18 in observance of Martin Luther King, Jr. Day; consequently, after Jan. 15 the next ASPPA Connect will appear on Jan. 20. READ MORE

By ASPPA Net Staff1/14/2016 • 0 Comments

The Employee Plans subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT) is conducting a project on the IRS’ decision to eliminate most determination letters for individually designed plans, and is looking for practitioner input. READ MORE

By ASPPA Net Staff1/14/2016 • 0 Comments

The Governmental Accounting Standards Board (GASB) recently issued exposure drafts proposing accounting and financial reporting guidance related to fiduciary activities and pension issues. READ MORE

By ASPPA Net Staff1/13/2016 • 0 Comments

The IRS has updated, for 2016, “Instructions for Forms 1099-R and 5498: Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, Etc., and IRA Contribution Information.” READ MORE

By ASPPA Net Staff1/12/2016 • 0 Comments

Retirement plan accounts benefited from higher deferrals and fewer plan loans in 2014, according to the Plan Sponsor Council of America. READ MORE

By ASPPA Net Staff1/12/2016 • 0 Comments

The Internal Revenue Service wants to encourage plan sponsors to correct certain plan failures — and they’re offering some financial incentives to do so. READ MORE

By ASPPA Net Staff1/7/2016 • 0 Comments

A convicted killer won’t be able to shield his retirement assets from a $124 million jury judgment in a case brought by the estate of the wife he killed. READ MORE

By ASPPA Net Staff1/7/2016 • 0 Comments

Among the keys to providing excellent service to clients is to do so in an ethical and professional manner, and one of the ways to do that is to understand Circular 230. READ MORE

By ASPPA Net Staff1/6/2016 • 0 Comments

The advent of a new year traditionally is a time to take of stock of where one has been and what lies ahead; a recent Transamerica report offers the expectations of experts from a wide range of sectors and perspectives regarding retirement plans. READ MORE

By ASPPA Net Staff1/6/2016 • 0 Comments

The IRS has issued an updated version of Publication 575, “Pension and Annuity Income,” for use in preparing 2015 returns. READ MORE

By ASPPA Net Staff1/6/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Jan. 5 announced that it is ready to accept electronic premium filings for plan years beginning in 2016. READ MORE

By ASPPA Net Staff1/5/2016 • 0 Comments

The L.A. Advanced Pension Conference is the West Coast’s premiere conference for actuaries and TPAs — and there are only 10 days left to register. READ MORE

By ASPPA Net Staff1/5/2016 • 0 Comments

Last year proved to be a volatile one for pension funding, but how did the nation’s largest corporate pension plans fare compared with the year before? READ MORE

By ASPPA Net Staff1/4/2016 • 0 Comments

The IRS on Jan. 4 said it will issue guidance on revisions to the employee plans determination letter program regarding Cycle A elections, determination letter expiration dates, and extension of deadlines for certain defined contribution pre-approved plans. READ MORE

By ASPPA Net Staff1/4/2016 • 0 Comments

The New Jersey Senate Budget Committee has approved a bill creating a mandatory retirement program for private-sector workers without employer-sponsored plans in the Garden State. READ MORE

By ASPPA Net Staff1/4/2016 • 0 Comments

Just before Christmas, President Obama signed into law H.R. 2029, a massive year-end spending and tax bill containing a number of provisions affecting health and retirement plans. Here’s what you may have missed. READ MORE