ASPPA

ASPPA

By ASPPA 9/16/2016 • 0 Comments

The DOL’s Employee Benefits Security Administration (EBSA) on Sept. 12 issued frequently asked questions concerning aspects of administering employee benefits after the disruptions caused by the flooding in most of southern Louisiana in August 2016. READ MORE

Nevin Adams

Nevin Adams

By Nevin Adams 9/30/2016 • 0 Comments

While the industry has spent a lot of time, energy, effort — and money — getting ready for the Labor Department’s fiduciary regulation, what will we make of it five years from now? Four of the nation’s leading ERISA legal experts weigh in. READ MORE

By Nevin Adams 9/30/2016 • 0 Comments

A "new" proposal that purports to "rescue" retirement does so at the expense of the 401(k) — and is based on faulty math, to boot. READ MORE

By Nevin Adams 9/26/2016 • 0 Comments

In class action suits, plaintiffs’ attorneys generally receive a fee whose amount is contingent on the amount of the verdict or settlement — frequently about a third. What about the excessive fee suits? READ MORE

By Nevin Adams 9/23/2016 • 0 Comments

In most professional sports, the clock — the time remaining in the contest — is a factor (baseball being a notable exception — those nine innings are going to be played, regardless of how long it takes). Retirement also has a clock. READ MORE

By Nevin Adams 9/16/2016 • 0 Comments

What are advisors not (yet) focusing on in the fiduciary regulation that they should be? Four of the nation’s leading ERISA legal experts weigh in. READ MORE

By Nevin Adams 9/13/2016 • 0 Comments

Another major employer has been charged in an excessive fee lawsuit that not only contests the fees paid by the plan, but administrative fees paid by the plan to the plan sponsor as well. READ MORE

By Nevin Adams 9/13/2016 • 0 Comments

A new plan sponsor survey offers insights into the issues regarding retirement income adoption by workplace retirement plans, which service providers may find instructive regarding plan needs. READ MORE

By Nevin Adams 9/9/2016 • 0 Comments

Four of the nation’s leading ERISA legal experts weigh in on the DOL’s fiduciary regulation and its impact(s). READ MORE

By Nevin Adams 9/9/2016 • 0 Comments

Preparing for retirement inevitably brings up questions of time: When will you retire? How long will your retirement last? How long do you have to prepare? Often we don’t take advantage of the time we have, and sometimes we don’t have the time we thought we would. READ MORE

By Nevin Adams 9/7/2016 • 0 Comments

A second, separate proprietary fund suit has been filed against a financial services firm — and a separate law firm is looking for plaintiffs to pursue litigation regarding Morgan Stanley’s 401(k). READ MORE

By Nevin Adams 9/7/2016 • 0 Comments

Chevron has won dismissal of an excessive fee class action in a decision that rebukes several of the claims that have surfaced in recent litigation by the law firm of Schlichter, Bogard & Denton. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams9/26/2016 • 0 Comments

It’s not hard to find scary headlines about 401(k)s — seems as though every week you read how people aren’t saving enough, are worried that they aren’t saving enough, aren’t saving enough and aren’t worried that they aren’t saving enough… READ MORE

By Nevin Adams9/23/2016 • 0 Comments

We hear a lot about the crushing load of student debt many Millennials carry these days — but is it having an impact on retirement plan participation? READ MORE

By Nevin Adams9/21/2016 • 0 Comments

Plan sponsors and TPAs just got what is probably a much-appreciated time extension from the Department of Labor. READ MORE

By Nevin Adams9/16/2016 • 0 Comments

ERISA attorney Marcia Wagner explains that, at least at its narrowest scope, the new fiduciary rule would have no effect on plans that already have strong retirement plan committees comprised of qualified internal representatives aided by independent fiduciaries. READ MORE

By Nevin Adams9/7/2016 • 0 Comments

Apparently the Texas judge presiding over the challenge to the Labor Department’s fiduciary regulation only wants so much help in considering the issues. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon9/29/2016 • 0 Comments

Two bills that would facilitate reform of New Jersey’s public pension plans are now before the state Senate. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo9/30/2016 • 0 Comments

Another state-run retirement program for the private sector is now on the books. READ MORE

By Andrew Remo9/28/2016 • 0 Comments

The legislative package that cleared the Senate Finance Committee unanimously in late September included provisions intended to encourage the use of lifetime income products, including a late addition that could turn out to be the most significant. READ MORE

By Andrew Remo9/22/2016 • 0 Comments

The Senate Finance Committee has cleared two pieces of retirement legislation that are now pending before the full Senate, including one that includes a new brand of multiple employer plan (MEP) for the private sector. READ MORE

By Andrew Remo9/19/2016 • 0 Comments

The Senate Finance Committee announced Sept. 19 that it will meet on Sept. 21 to consider two retirement policy bills — but the real story might be what’s not in those proposals. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff9/30/2016 • 0 Comments

The IRS has issued guidance modifying the Employee Plans Compliance Resolution System (EPCRS) to take into account the changes in the determination letter application program under Rev. Proc. 2016-37. READ MORE

By ASPPA Net Staff9/29/2016 • 0 Comments

Defined benefit plans can play a key role in providing financial stability in retirement, but their effects may not be widespread, according to a recent study. READ MORE

By ASPPA Net Staff9/29/2016 • 0 Comments

The Securities and Exchange Commission (SEC) Division of Corporate Finance has provided some comfort for those who offer self-directed brokerage accounts. READ MORE

By ASPPA Net Staff9/28/2016 • 0 Comments

Securities and Exchange Commission (SEC) Chair Mary Jo White at a Sept. 27 event in Washington, D.C. reiterated that her agency’s fiduciary rule is coming, but “not any time soon.” READ MORE

By ASPPA Net Staff9/28/2016 • 0 Comments

On Sept. 27, the American Retirement Association Government Affairs Committee filed a comment letter on a proposed regulation that would expand the non-ERISA safe harbor to payroll deduction savings arrangements mandated by the laws of certain political subdivisions within a state. READ MORE

By ASPPA Net Staff9/26/2016 • 0 Comments

The IRS has issued publications that provide information and forms relevant to nondiscrimination requirements for DB and DC plans for use during the CYCLE A Submission Period — Feb. 1, 2016 through Jan. 31, 2017. READ MORE

By ASPPA Net Staff9/26/2016 • 0 Comments

A new report claims that by 2020, the DOL’s new fiduciary rule will result in a $2 trillion asset shift and roughly $20 billion in lost revenue. But there are winners as well as losers. READ MORE

By ASPPA Net Staff9/23/2016 • 0 Comments

The Department of Labor on Sept. 22 announced that it has awarded more than $150,000 in research grants to expand portable retirement savings plans for low-wage workers. READ MORE

By ASPPA Net Staff9/23/2016 • 0 Comments

The IRS has issued two publications that provide information and forms relevant to minimum vesting standards for defined benefit plans and defined contribution plans. READ MORE

By ASPPA Net Staff9/23/2016 • 0 Comments

A new survey finds that more than 80% of plans have recontracted their record keeping fees since 2013 — and that more than half now have a fixed-fee record keeping arrangement. READ MORE

By ASPPA Net Staff9/22/2016 • 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 Staff9/22/2016 • 0 Comments

The Pension Benefit Guaranty Corporation has announced that it will be cutting the penalty for late premium payments in half for plan years that begin in 2016 or later. READ MORE

By ASPPA Net Staff9/21/2016 • 0 Comments

The comment periods and hearings are long over, and the implementation of the fiduciary rule nears, but that doesn’t mean that the DOL has a deaf ear nor that it won’t provide some further guidance on how to comply. READ MORE

By ASPPA Net Staff9/21/2016 • 0 Comments

A new survey finds that implementation of the Affordable Care Act has reduced the appeal of health benefits to employees and increased retirement plans’ importance as a tool to recruit and retain employees.
READ MORE

By ASPPA Net Staff9/21/2016 • 0 Comments

The IRS has updated the information it makes available on its website concerning hardship distributions, as well as making corrections regarding not only those distributions but also other aspects of plan administration. READ MORE

By ASPPA Net Staff9/21/2016 • 0 Comments

There are two more days to apply for the QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program, PenChecks Trust Company of America (PenChecks Trust®) and the American Society of Pension Professionals & Actuaries (ASPPA) remind. READ MORE

By ASPPA Net Staff9/20/2016 • 0 Comments

The IRS has announced in Notice 2016-57 that it is extending temporary nondiscrimination relief for closed defined benefit plans so the relief is available for plan years beginning before 2018. READ MORE

By ASPPA Net Staff9/20/2016 • 0 Comments

A major obstacle in the acceptance of retirement income options is availability, or the lack thereof, according to a new report. READ MORE

By ASPPA Net Staff9/19/2016 • 0 Comments

The PBGC is proposing an expansion of its Missing Participants Program to cover terminated 401(k) and other defined contribution plans and certain defined benefit plans that the program does not now cover. READ MORE

By ASPPA Net Staff9/19/2016 • 0 Comments

Having heightened plan sponsor worries with changes to its determination letter program, the IRS now says it is looking for ways to make things easier. READ MORE

By ASPPA Net Staff9/16/2016 • 0 Comments

The PBGC on Sept. 15 issued a final rule that amends its regulations on benefits payable in terminated single-employer plans and allocation of assets in single-employer plans. READ MORE

By ASPPA Net Staff9/16/2016 • 0 Comments

Bipartisan legislation has been introduced in Congress to make it easier for small businesses to set up retirement programs for employees. READ MORE

By ASPPA Net Staff9/16/2016 • 0 Comments

On Sept. 14, 2016, the American Retirement Association Government Affairs Committee filed an initial comment letter with the IRS, DOL and PBGC regarding the agencies’ joint proposal regarding changes to Form 5500 and the related schedules. READ MORE

By ASPPA Net Staff9/15/2016 • 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. The month of September featured the following events. READ MORE

By ASPPA Net Staff9/15/2016 • 0 Comments

A recent paper argues that funds spent on pension plans have additional effects beyond providing retirement income for participants and beneficiaries.
READ MORE

By ASPPA Net Staff9/14/2016 • 0 Comments

Members from both the House and Senate, and hailing from both major political parties, have unveiled bills they intend to address various aspects of retirement plans’ administration and functions. READ MORE

By ASPPA Net Staff9/14/2016 • 0 Comments

A recent paper argues that while there are challenges regarding retirement saving, the sky is far from falling — and in fact there is much good news. READ MORE

By ASPPA Net Staff9/13/2016 • 0 Comments

The Bureau of Labor Statistics' latest report on employer compensation costs shows that private-sector and state and local public-sector employers spent less on retirement benefits in June than they did in March. READ MORE

By ASPPA Net Staff9/12/2016 • 0 Comments

A series of small and mid-sized employer focus groups finds a general skepticism regarding those state-run initiatives. READ MORE

By ASPPA Net Staff9/12/2016 • 0 Comments

The Department of Labor could do a better job of encouraging lifetime income options, the Government Accountability Office says in a new report. READ MORE

By ASPPA Net Staff9/9/2016 • 0 Comments

It can be really hard to make a prediction that comes true. Just ask pollsters and meteorologists. And that principle holds true regarding returns on retirement accounts and investments. READ MORE

By ASPPA Net Staff9/9/2016 • 0 Comments

The IRS on Sept. 8 issued TD 9783, which contains final regulations that modify minimum present value requirements for partial annuity distribution options under defined benefit plans. READ MORE

By ASPPA Net Staff9/7/2016 • 0 Comments

A recent study offers some insight into what pension funds plans are doing this year and planning to do to improve their fund governance. READ MORE

By ASPPA Net Staff9/7/2016 • 0 Comments

The PBGC on Sept. 6 announced that it will pay the retirement benefits of more than 900 current and future retirees of multinational chemical manufacturer Vertellus Specialties. READ MORE

By ASPPA Net Staff9/7/2016 • 0 Comments

An analysis of retirement plan contribution rates found that employees that improve their financial wellness score from four to six could potentially improve their retirement plan balance by more than 27%. READ MORE

By ASPPA Net Staff9/7/2016 • 0 Comments

The generation that has rewritten societal rules at every stage of their life now looks to be redefining retirement as well. READ MORE

By ASPPA Net Staff9/6/2016 • 0 Comments

The IRS has issued the 2017 draft instructions for Form 5300, Application for Determination for Employee Benefit Plan. READ MORE

By ASPPA Net Staff9/6/2016 • 0 Comments

The third annual QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program is open, say PenChecks Trust Company of America (PenChecks Trust®) and the American Society of Pension Professionals & Actuaries (ASPPA). READ MORE

By ASPPA Net Staff9/6/2016 • 0 Comments

The IRS in Notice 2016-50 has announced the mortality tables for minimum funding and present value requirements for use in 2017. READ MORE

By ASPPA Net Staff9/2/2016 • 0 Comments

With the release of the DOL's fiduciary rule, it could be especially helpful to take a fresh look at best practices through which a plan fiduciary can not only meet the letter of the law, but also better serve those whom it — and the plan — serve. READ MORE

By ASPPA Net Staff9/1/2016 • 0 Comments

ASPPA Connect will not appear on Labor Day and will resume publication on Sept. 7; following are some facts concerning the establishment of this holiday. READ MORE

David Witz

David Witz

By David Witz9/26/2016 • 0 Comments

In an article that appeared in the Summer 2016 issue of Plan Consultant, David J Witz discusses the increasing importance of technology in TPAs' work to serve their clients. READ MORE