Nevin Adams

Nevin Adams

By Nevin Adams 6/24/2016 • 0 Comments

Last week another of the so-called excessive fee lawsuits was settled — not adjudicated, mind you. Here are some factors that the targets of these lawsuits seem to have in common. READ MORE

By Nevin Adams 6/24/2016 • 0 Comments

With the Labor Department’s fiduciary regulation now final, your clients may well be asking, “So, what does this mean for me?” READ MORE

By Nevin Adams 6/10/2016 • 0 Comments

Another group of litigants has weighed in on the fiduciary regulation, claiming that it will injure American workers, is “contrary to law, arbitrary and capricious, and violates the First Amendment.” READ MORE

By Nevin Adams 6/7/2016 • 0 Comments

Among the assorted “idiot lights” that adorn my current car dashboard is one that alerts me to low tire pressure. READ MORE

By Nevin Adams 6/3/2016 • 0 Comments

Many advisors — and advisory firms — have assumed that recommending a recordkeeper under the new fiduciary regulation wouldn’t constitute a fiduciary act. But that assumption may be wrong. READ MORE

By Nevin Adams 6/3/2016 • 0 Comments

Less than 24 hours after the filing of litigation challenging the Department of Labor’s (DOL) fiduciary regulation, a second lawsuit was filed June 2. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams6/30/2016 • 0 Comments

Defying the wishes of plan sponsors and the Employee Plans Subcommittee (EP Subcommittee) of the Advisory Committee on Tax Exempt and Government Entities (ACT), the IRS will make significant reductions in its determination letter program. READ MORE

By Nevin Adams6/21/2016 • 0 Comments

The three lawsuits filed against the Department of Labor’s (DOL) fiduciary regulation in the Northern District of Texas could be coming together. READ MORE

By Nevin Adams6/17/2016 • 0 Comments

I’ve long enjoyed John Oliver’s take on the world. He has a gift for bringing humor to subjects that aren’t generally seen as funny, and in the process not only helps make complex topics more approachable, he gives voice to the frustration that millions surely feel at the world around us. READ MORE

By Nevin Adams6/10/2016 • 0 Comments

Two more lawsuits have been filed charging the Department of Labor’s (DOL) fiduciary regulation with a host of “sins” and shortcomings. READ MORE

By Nevin Adams6/3/2016 • 0 Comments

I recently stumbled across another of those “DC plans are becoming like DB plans” articles — you know, the so-called “DB-ification” of 401(k)s? This is all supposed to be a good thing, of course, but is it? READ MORE

By Nevin Adams6/3/2016 • 0 Comments

A recent Supreme Court case that didn’t have anything to do with ERISA is already having an impact on ERISA litigation — and could have more in the years to come. READ MORE

By Nevin Adams6/2/2016 • 0 Comments

As anticipated, a number of retirement industry trade groups and the U.S. Chamber of Commerce have taken their case against the Department of Labor’s (DOL) fiduciary regulation to the courts. READ MORE

Andrew Biggs

Andrew Biggs

By Andrew Biggs6/17/2016 • 0 Comments

In a new report published by the American Enterprise Institute and supported by the Bradley Foundation, several experts look into how to reform America’s entitlement and welfare programs. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel6/27/2016 • 0 Comments

Wellness is a hot topic, and that means not only physical, but also financial, health. Financial wellness is relevant to, and an aspect of, retirement readiness. A June 21 panel at the 2016 SPARK National Conference in Washington, DC included a discussion of financial wellness and what it means.
Clients are key to how it is defined, panelists indicated. READ MORE

By John Iekel6/27/2016 • 0 Comments

Panel discussions at the June 20-21 SPARK National Conference in Washington, DC offered insights into the effects the DOL fiduciary rule is already having and how the retirement industry can prepare in the less than 10 months remaining before its effective date. READ MORE

By John Iekel6/21/2016 • 0 Comments

There are plenty of financial pressures on DC plans, providers and sponsors. Not to mention the importance clients place on fees when considering whether to drop an investment manager. In a June 20 session at the 2016 SPARK National Conference held in Washington, D.C., Tom Kmak, CEO of Fiduciary Benchmarks, offered some ideas on how it can be addressed. READ MORE

By John Iekel6/10/2016 • 0 Comments

The general elimination of periodic determination letters was “shortsighted,” the Employee Plans Subcommittee of the Advisory Committee on Tax Exempt and Government Entities says in its 2016 Report of Recommendations. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo6/24/2016 • 0 Comments

A recent forum examined the current status of the Oregon Retirement Security Program and the issues surrounding the creation and implementation of other state sponsored retirement plans for the private workforce. READ MORE

By Andrew Remo6/22/2016 • 0 Comments

The Senate Special Committee on Aging held a hearing on June 15 to examine ways to leverage prizes and technology to influence savings behavior. READ MORE

By Andrew Remo6/17/2016 • 0 Comments

On Tuesday, June 14, the leaders of the American Retirement Association and its sister organizations stormed Capitol Hill to meet with key staff and get a fresh perspective on the congressional legislative and policy agenda for the year. READ MORE

By Andrew Remo6/14/2016 • 0 Comments

Last week, House Republicans released the first of six documents detailing their policy agenda, a portion of which included recommendations to “build retirement security through the private retirement system.” READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff6/30/2016 • 0 Comments

A federal judge has held a former plan participant liable as a plan fiduciary for failing to return overpayments from her former retirement plan. READ MORE

By ASPPA Net Staff6/29/2016 • 0 Comments

In observance of Independence Day, there will be no ASPPA Connect on Monday, July 4, 2016. However, in honor of our nation’s birthday, here are some interesting facts concerning the annual celebration. READ MORE

By ASPPA Net Staff6/27/2016 • 0 Comments

Financial reporting standards the Government Accounting Standard Board (GASB) set in place in Statement 74 last year are effective for fiscal years beginning after June 15, 2016 for a variety of retirement plans that provide postemployment benefits other than pension benefits (OPEB). READ MORE

By ASPPA Net Staff6/27/2016 • 0 Comments

Look for a bill to be introduced in Congress next month that some have called “auto-IRA on steroids.” READ MORE

By ASPPA Net Staff6/23/2016 • 0 Comments

U.S. Senators Elizabeth Warren (D-Mass.) and Steve Daines (R-Mont.) have teamed up to introduce legislation that would create a federal lost and found designed to help stem leakage from retirement accounts. READ MORE

By ASPPA Net Staff6/23/2016 • 0 Comments

It didn’t happen until late in the evening, but the U.S. House of Representatives voted on June 22 on overturning President Obama’s veto of Congress’ resolution to kill the Labor Department’s fiduciary regulation. READ MORE

By ASPPA Net Staff6/22/2016 • 0 Comments

We’ve just expanded the photo gallery on the ASPPA history website, adding 10 photos from the 2008 Annual Conference.  READ MORE

By ASPPA Net Staff6/22/2016 • 0 Comments

Strong majorities of executives, investment professionals and registered investment advisors at a recent conference expect to change their technological systems in order to comply with the fiduciary rule, as well as adjust their budgets to do that.
READ MORE

By ASPPA Net Staff6/21/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on June 17 issued reports on the health and prospects for its multiemployer program and its single-employer program. READ MORE

By ASPPA Net Staff6/21/2016 • 0 Comments

With the official Atlantic hurricane season just begun, it's timely to remember the possibility of significant property losses and business disruption — and the need for hardship distributions. READ MORE

By ASPPA Net Staff6/17/2016 • 0 Comments

A new white paper from Groom Law outlines the ways in which the Labor Department’s fiduciary regulation could change how investment managers work with advisors and plan fiduciaries. READ MORE

By ASPPA Net Staff6/17/2016 • 0 Comments

Last Week Tonight with John Oliver recently included a segment that was deeply critical of the financial services industry and specifically referenced the 401(k) plan that the show’s production company has with John Hancock. Here’s John Hancock’s response. READ MORE

By ASPPA Net Staff6/16/2016 • 0 Comments

Securities and Exchange Commission Chair Mary Jo White told the Senate Committee on Banking, Housing, and Urban Affairs on June 14 that her agency is indeed working on a fiduciary rule of its own, but will not be issuing it anytime soon. READ MORE

By ASPPA Net Staff6/15/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on June 14 issued a final rule amending its regulations on benefits payable in terminated single-employer plans and allocation of assets in single-employer plans. READ MORE

By ASPPA Net Staff6/15/2016 • 0 Comments

The Department of Labor’s Bureau of Labor Statistics reports that the cost of retirement benefits amounted to an average of 5% of employers’ compensation expenditures in March. READ MORE

By ASPPA Net Staff6/14/2016 • 0 Comments

The IRS on June 10 in Notice 2016-39 and Revenue Procedure (Rev. Proc.) 2016-36 issued guidance on whether distributions received during a phased retirement are amounts received as an annuity. READ MORE

By ASPPA Net Staff6/13/2016 • 0 Comments

You may have missed it, but you’ll likely be hearing a lot about John Oliver’s take on retirement savings, financial advisors, small plans, and the fiduciary regulation. Warning: It isn’t pretty. READ MORE

By ASPPA Net Staff6/13/2016 • 0 Comments

In a recent ASPPA webinar, “Auto Enrollment: Best Practices and Common Mistakes,” Robert M. Richter addresses practical issues that must be considered in the design and implementation of automatic enrollment and escalation. READ MORE

By ASPPA Net Staff6/10/2016 • 0 Comments

You couldn’t find two U.S. senators much farther apart on the ideological spectrum than Elizabeth Warren (D-Mass.) and Mike Lee (R-Utah) — but they have teamed up on bipartisan legislation to make retirement saving easier. READ MORE

By ASPPA Net Staff6/9/2016 • 0 Comments

While the pace of litigation can sometimes be lengthy and arduous to predict, we could have a summary judgment ruling on at least one of the cases challenging the fiduciary regulation in relatively short order. READ MORE

By ASPPA Net Staff6/9/2016 • 0 Comments

As expected (and promised), President Obama has vetoed Congress’ resolution that would have nullified the Labor Department’s fiduciary regulation. READ MORE

By ASPPA Net Staff6/8/2016 • 0 Comments

The American Retirement Association (ARA) on June 7 submitted a comment letter to the IRS on the retirement benefits-related items on its priority guidance plan for 2016-2017. READ MORE

By ASPPA Net Staff6/7/2016 • 0 Comments

The IRS has released the third quarter update to its 2015-2016 Priority Guidance Plan. READ MORE

By ASPPA Net Staff6/7/2016 • 0 Comments

It's important for DB plans, DC plans and 403(b) annuity arrangements with calendar year plan years to keep in mind that the July 31 Form 5500 filing deadline for 2015 is not far off. READ MORE

By ASPPA Net Staff6/7/2016 • 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 what the month of June featured. READ MORE

By ASPPA Net Staff6/7/2016 • 0 Comments

A recent survey highlights some stark differences in retirement plan access and participation among U.S. metropolitan areas. READ MORE

By ASPPA Net Staff6/7/2016 • 0 Comments

Concerns about student debt — and its impact on the finances and retirement savings of workers, particularly younger workers — had spurred interest in student loan repayment programs. READ MORE

By ASPPA Net Staff6/7/2016 • 0 Comments

The head of one of the world’s largest asset managers is calling for a mandate of retirement savings. READ MORE

By ASPPA Net Staff6/6/2016 • 0 Comments

The finances of pension plans have improved, and pension buy-out sales have increased — trends both fueled by stock market performance and interest rates, according to two reports. READ MORE

By ASPPA Net Staff6/6/2016 • 0 Comments

Retirement expectations vary by age and income — but not as much as you might think. READ MORE

By ASPPA Net Staff6/3/2016 • 0 Comments

There are any number of actions (or non-actions) that can cause problems for retirement plan fiduciaries, but a plan compliance review can help head off future problems, according to a new analysis. READ MORE

By ASPPA Net Staff6/2/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on June 2 announced that it is proposing a rule that would facilitate mergers of multiemployer pension plans. READ MORE

By ASPPA Net Staff6/1/2016 • 0 Comments

A number of industry trade groups have been contemplating litigation to stop the Department of Labor’s (DOL) fiduciary regulation even before there was a final regulation — that litigation could be filed as soon as today, according to reports. READ MORE

By ASPPA Net Staff6/1/2016 • 0 Comments

The American Retirement Association is looking for a Director of Technical Education and Content to join our Retirement Plan Academy team, and we are reaching out to our great member community to help us find the right person! READ MORE

By ASPPA Net Staff6/1/2016 • 0 Comments

The American Retirement Association on May 31 submitted a letter to the IRS on the proposed compliance questions for the Form 5500 series. READ MORE