John Ortman

John Ortman

By John Ortman 4/21/2016 • 0 Comments

There's just a week left for you to tell that great client story of yours — that one you like to tell your peers and colleagues — and see how it stacks up against your fellow ASPPA members' stories.

READ MORE

By John Ortman 4/4/2016 • 0 Comments

You know that great client story — the one you like to tell peers and colleagues? Here’s your chance to see how it stacks up against client stories from your fellow ASPPA members. READ MORE

Nevin Adams

Nevin Adams

By Nevin Adams 4/22/2016 • 0 Comments

April is National Financial Literacy month, and those who work with retirement plan participants know it’s important to do the right thing(s) when it comes to retirement planning and savings; here are five reasons to plan and save for retirement now. READ MORE

By Nevin Adams 4/22/2016 • 0 Comments

I was recently asked by a reporter if the new fiduciary regulation was “needed.” The question caught me a bit off guard, because having been in “figure out how to deal with this” mode for most of the past year, I had long since moved past “why” and “if” to “when” and “how.” READ MORE

By Nevin Adams 4/21/2016 • 0 Comments

Sure you do — and we’ve developed a way for you to ask the Labor Department. READ MORE

By Nevin Adams 4/14/2016 • 0 Comments

A new report claims that while portability is frequently cited as an obstacle to offering a lifetime income product, portability solutions and options are available today but are not well recognized. READ MORE

By Nevin Adams 4/14/2016 • 0 Comments

In a major win for small business retirement plans and the efforts of ARA GAC, the Treasury Department and IRS have decided to withdraw certain provisions of proposed regulations relating to the nondiscrimination rules for cross-tested plans. READ MORE

By Nevin Adams 4/8/2016 • 0 Comments

A new study suggests that if we could overcome certain behavioral tendencies, we could increase retirement savings by at least 12% — and perhaps quite a bit more. READ MORE

By Nevin Adams 4/8/2016 • 0 Comments

We often couch savings decisions in simple terms: foregoing that trip to Starbucks or bringing your lunch to work rather than going out. The decision to save is just that — a decision, a choice. READ MORE

By Nevin Adams 4/6/2016 • 0 Comments

After a five-month comment period, public hearings, more than 3,000 comment letters, 300,000 petitions, and more than 100 meetings, nearly a year to the day that the Department of Labor unveiled its “Conflicts of Interest” proposal, we have a final fiduciary regulation. READ MORE

By Nevin Adams 4/6/2016 • 0 Comments

In a big win for the advocacy efforts of the American Retirement Association, the Department of Labor’s (DOL) final fiduciary regulation provides a streamlined exemption for “level-to-level” advisor compensation. READ MORE

By Nevin Adams 4/1/2016 • 0 Comments

A survey as sweeping and long-standing (26 years) as the Retirement Confidence Survey has plenty of insights to draw on — but, boiled down to its essence,here are the key points. READ MORE

By Nevin Adams 4/1/2016 • 0 Comments

Sen. Elizabeth Warren (D-Mass.) is turning up the heat on financial services firms that have opposed the Department of Labor’s (DOL) pending fiduciary regulation. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams4/7/2016 • 0 Comments

A provision in the Department of Labor’s 2015 proposed fiduciary rule that would have had a significant impact on participant education has been modified in the final rule issued April 6. The revised provision aligns with recommendations made by the American Retirement Association. READ MORE

By Nevin Adams4/1/2016 • 0 Comments

For all our industry’s long-standing concern about participant inertia, in times like these the inclination to “do nothing” is undoubtedly to the benefit of most participants. But some of them might be a little frustrated with the admonition. READ MORE

Amanda Iverson

Amanda Iverson

By Amanda Iverson4/14/2016 • 0 Comments

At the Women Business Leader’s Forum (WBLF) to be held June 6-June 9 in New Orleans, speaker and author Shari Harley, MA and Certified Speaking Professional (CSP), will present an interactive session on creating a candid culture. READ MORE

Adam Pozek

Adam Pozek

Adam Pozek

By Adam Pozek4/4/2016 • 0 Comments

Do you know someone who makes significant contributions to ASPPA and/or the private pension system? If so, the ASPPA Leadership Council would like to know about it. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo4/1/2016 • 0 Comments

Despite some persistent rumors and underhanded marketing to the contrary, the Illinois Secure Choice Savings Program Act provides that employers that already have a retirement plan are excluded from the law. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff4/29/2016 • 0 Comments

The Financial Industry Regulatory Authority (FINRA) in a recent notice provides guidance on the responsibilities of firms regarding supervision of the sale of pension income stream products by their associated persons. READ MORE

By ASPPA Net Staff4/29/2016 • 0 Comments

Among the many implications of changes in the workforce and job longevity is that employers and employees may want to consider new approaches to retirement saving and planning, argues a recent policy study. READ MORE

By ASPPA Net Staff4/29/2016 • 0 Comments

Millennials have a much different relationship with their Boomer parents than Boomers did with theirs — and a new report says that could result in a different kind of retirement. READ MORE

By ASPPA Net Staff4/29/2016 • 0 Comments

Pension plan professionals — whether they are third-party administrators, actuaries, investment professionals or attorneys — have an obligation to perform their duties concerning their retirement plan clients in an ethical and professional manner. READ MORE

By ASPPA Net Staff4/29/2016 • 0 Comments

The U.S. House of Representatives adopted a resolution April 28 disapproving of the Labor Department’s final fiduciary regulation. READ MORE

By ASPPA Net Staff4/28/2016 • 0 Comments

Financial literacy is essential to improving retirement readiness and helping employees to prepare; that was the core message of an April 27 webinar on retirement security and the role states and employers play in bringing it about. READ MORE

By ASPPA Net Staff4/28/2016 • 0 Comments

A new video traces the development of ASPPA’s Education & Examinations program, featuring recollections by E&E Committee members and others. The video is now live on the ASPPA history website. READ MORE

By ASPPA Net Staff4/28/2016 • 0 Comments

Average fund costs continued to decline in 2015, but investors aren’t necessarily paying less, according to Morningstar. READ MORE

By ASPPA Net Staff4/27/2016 • 0 Comments

The PBGC on April 27 announced that it is proposing amendments to its premium payments regulation; the proposal applies to single-employer and multiemployer plans. READ MORE

By ASPPA Net Staff4/27/2016 • 0 Comments

The IRS on April 26 in Revenue Procedure 2016-27 issued revised procedures for applications for a suspension of benefits under a multiemployer defined benefit pension plan that is in critical and declining status. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

One of the most significant cost factors in retirement planning isn’t even on most participants’ radar screens — and it can vary widely depending on where you live. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

Legislation before the U.S. House would exclude Pension and Benefit Guaranty Corporation receipts and disbursements from the federal budget. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

Nominations are now being accepted for the American Retirement Association’s 2017 Board of Directors. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

A new survey of 117 retirement plan service providers by the SPARK Institute found that nearly 80% are still evaluating risks and requirements of the regulations, and 60% indicated that key parts of the regulation are still not clear. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

The Department of Labor (DOL) issued the conflicted advice regulation in its final form on April 6. It may have been primarily directed at investment advisors, but plan administrators need to understand what it means and how they will be affected as well. A recent ASPPA webcast discussed exactly that. READ MORE

By ASPPA Net Staff4/26/2016 • 0 Comments

A recent announcement by the ERISA Advisory Council that it will be focusing on how cyber-related threats affect TPAs is addressed in a recent legal advisory from Pillsbury Law. READ MORE

By ASPPA Net Staff4/22/2016 • 0 Comments

The Congressional Budget Office has issued a report saying that two House bills that would require congressional approval of the DOL fiduciary rule and would provide alternative fiduciary protection for consumers would have a negligible effect on federal revenues.
READ MORE

By ASPPA Net Staff4/21/2016 • 0 Comments

The House Education and the Workforce Committee on April 21 passed a resolution introduced just two days earlier that is intended to block the fiduciary rule the Department of Labor (DOL) issued in final form on April 6. READ MORE

By ASPPA Net Staff4/21/2016 • 0 Comments

Grasping the importance of preparing for retirement does not necessarily translate to action to bring it about, says a recent study on Americans’ financial beliefs and behavior. READ MORE

By ASPPA Net Staff4/21/2016 • 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 April. READ MORE

By ASPPA Net Staff4/21/2016 • 0 Comments

A group of Republican senators has introduced a resolution to stop the Department of Labor’s new conflict-of-interest rule. READ MORE

By ASPPA Net Staff4/20/2016 • 0 Comments

The fiduciary regulation may be final, but a trio of Republican lawmakers have introduced a resolution to block it. READ MORE

By ASPPA Net Staff4/20/2016 • 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 Staff4/15/2016 • 0 Comments

Some retirees and IRA holders who turned age 70½ in 2015 had to take required minimum distributions by April 1; others must take them by New Year’s Eve. FINRA has taken the opportunity to update its treatment of common questions about RMDs and IRAs. READ MORE

By ASPPA Net Staff4/14/2016 • 0 Comments

A new survey says that 77% of Americans over the age of 40 don’t know how much they can withdraw without running out of money, though it’s hard not to see that as a conservative figure. READ MORE

By ASPPA Net Staff4/14/2016 • 0 Comments

The IRS website has a wealth of resources for retirement plan professionals. Nonetheless, it can be difficult to find the information one needs on the site; however, there are ways to find what one needs. READ MORE

By ASPPA Net Staff4/13/2016 • 0 Comments

Everyone is well aware of the need for cybersecurity and protecting the privacy of data. But there is an additional concern for retirement plan fiduciaries — they are important to fulfilling fiduciary duty. READ MORE

By ASPPA Net Staff4/13/2016 • 0 Comments

Third-party administrators (TPAs) got some good news, and some much-need clarity, in the final fiduciary regulation. READ MORE

By ASPPA Net Staff4/12/2016 • 0 Comments

The Department of Labor issued the final fiduciary rule on April 6; ASPPA will hold a webcast on April 14 to help plan administrators understand what it means and how they will be affected. READ MORE

By ASPPA Net Staff4/12/2016 • 0 Comments

When life hands you lemons, make lemonade — and recent assessments suggest that the maxim may even apply for those who anticipate that the fiduciary rule the DOL released may create challenges.
READ MORE

By ASPPA Net Staff4/12/2016 • 0 Comments

In an industry in which many have taken a “sink or swim” approach to employee training, a key ASPPA business partner has taken a different approach. READ MORE

By ASPPA Net Staff4/11/2016 • 0 Comments

The good news for low income workers is that they may not have the big retirement savings challenge they’ve been worried about. There is bad news, however. READ MORE

By ASPPA Net Staff4/5/2016 • 0 Comments

The IRS has found discriminatory plan designs among some defined benefit and defined contribution plans, as well as DB/DC combination plans. READ MORE

By ASPPA Net Staff4/5/2016 • 0 Comments

The IRS is providing a new option that allows financial institutions service providers that offer a plan document to request a closing agreement on behalf of all adopters that missed the deadline for adopting a pre-approved plan. READ MORE

By ASPPA Net Staff4/5/2016 • 0 Comments

Leading benefits outsourcing provider CBIZ announced April 1 that it has acquired Philadelphia-based The Savitz Organization. READ MORE

By ASPPA Net Staff4/4/2016 • 0 Comments

As the industry anticipates publication of the Labor Department’s fiduciary regulation this week, the Office of Management and Budget (OMB) has finished its review, according to a posting on the OMB’s website. READ MORE

By ASPPA Net Staff4/4/2016 • 0 Comments

The Pension Benefit Guaranty Corporation Multiemployer Program will run out of money in less than 20 years, says a new report by the PBGC. Its prescription: higher premiums. READ MORE

By ASPPA Net Staff4/4/2016 • 0 Comments

The drafting, redrafting, comment, revision, lather rinse repeat of the DOL fiduciary rule has been a protracted process. As we appear to be on the brink of its introduction, it’s interesting to consider how much time it may take to comply. READ MORE

By ASPPA Net Staff4/1/2016 • 0 Comments

For weeks, rumors have swirled as to when the Labor Department would unveil its new fiduciary regulation — but that long wait could be coming to an end. READ MORE