John Ortman

John Ortman

By John Ortman 10/27/2016 • 0 Comments

“If you can remember the Sixties, you probably weren’t there.” That quote, variously attributed to a range of people from comedian Robin Williams to Jefferson Airplane guitarist Paul Kantner, might apply to someone you know. READ MORE

By John Ortman 10/25/2016 • 0 Comments

How many of your plan sponsor clients make zero mistakes? READ MORE

By John Ortman 10/24/2016 • 0 Comments

Attendees at an Oct. 24 workshop session got an update on IRS and PBGC regulatory initiatives in the defined benefit world from two highly regarded experts. READ MORE

By John Ortman 10/24/2016 • 0 Comments

The retirement industry is changing rapidly and profoundly. How can TPAs and record keepers adapt and remain relevant? An interactive workshop session at the 2016 ASPPA Annual Conference Oct. 24 explored emerging opportunities for business development and expansion. READ MORE

By John Ortman 10/23/2016 • 0 Comments

At an Oct. 23 workshop session at the 2016 ASPPA Annual Conference, ERISA attorney Nicholas J. White provided a look at current enforcement activities at the DOL’s Employee Benefits Security Administration. READ MORE

By John Ortman 10/20/2016 • 0 Comments

New videos just added to the the ASPPA history website feature two giants among ASPPA’s past leadership: Carl Duncan, the sole surviving founder of ASPA, and James “Kirk” Kirkpatrick, who launched ASPA’s Education and Examinations (E&E) program in the 1960s and designed ASPA’s first exams. READ MORE

By John Ortman 10/20/2016 • 0 Comments

The ASPPA history book — the product of an effort stretching back to 2010 — will be unveiled next week at the 2016 ASPPA Annual Conference. Complimentary copies of the book will be shipped to members who are not attending this year’s conference. READ MORE

Nevin Adams

Nevin Adams

By Nevin Adams 10/28/2016 • 0 Comments

Halloween is the time of year when one’s thoughts turn to trick-or-treat, ghosts and goblins, and things that go bump in the night. But what are the things plan sponsors are scared about? READ MORE

By Nevin Adams 10/14/2016 • 0 Comments

Could better communications about retirement income boost retirement savings? A new study finds some intriguing results. READ MORE

By Nevin Adams 10/10/2016 • 0 Comments

Stock drop lawsuits are generally about employer stock that has suffered a precipitous drop in value, and in rare cases, where participants have been deprived from keeping that investment — and then there’s this one. READ MORE

By Nevin Adams 10/10/2016 • 0 Comments

New York City Comptroller Scott M. Stringer has unveiled a new city-run retirement plan for private-sector workers — including a city-sponsored multiple employer plan (MEP). READ MORE

By Nevin Adams 10/6/2016 • 0 Comments

While the industry has spent a lot of time, energy, effort and money getting ready for the Labor Department’s fiduciary regulation, four of the nation’s leading ERISA legal experts offer some final words of counsel — and caution. READ MORE

By Nevin Adams 10/3/2016 • 0 Comments

A new lawsuit has been filed challenging the Department of Labor’s (DOL) fiduciary regulation’s interference with existing arbitration structures. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams10/28/2016 • 0 Comments

The 24-page document covers a lot of ground in the form of 34 questions, and while much of it seems to confirm what had been understood (or assumed), the first wave of FAQs certainly provides some comfort – and in some cases clarifies key issues. READ MORE

By Nevin Adams10/6/2016 • 0 Comments

Not only has everybody been making preparations for the implementation of the DOL's fiduciary regulation, we’ve had the prospects of litigation regarding its legality and the authority of the DOL to undertake it — and we’ve still got a presidential election to go. READ MORE

Brian Graff

Brian Graff

By Brian Graff10/28/2016 • 0 Comments

The 2016 general election is upon us, a knock-down, drag-out fight between two intensely polarizing figures — Hillary Rodham Clinton and Donald J. Trump — vying for votes among an increasingly polarized electorate. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel10/27/2016 • 0 Comments

The IRS on Oct. 27 in Notice 2016-62 announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. READ MORE

By John Iekel10/26/2016 • 0 Comments

The IRS has made big changes to the Determination Letter (DL) program. It’s new, but is it improved? An Oct. 25 panel at the ASPPA Annual Conference held at National Harbor, Md. discussed this year's changes in the program. READ MORE

By John Iekel10/25/2016 • 0 Comments

Much-anticipated guidance on the DOL fiduciary rule will be coming soon, according to Phyllis Borzi, head of the DOL’s Employee Benefits Security Administration (EBSA). She made the remarks Oct. 25 during the Government Update session at the ASPPA Annual Conference. READ MORE

By John Iekel10/25/2016 • 0 Comments

Mistakes are inevitable for anyone — retirement professionals included. But while it is predictable that people will make mistakes, how they will respond is not. If they’re wise, they’ll consider making an apology, argued Lauren Bloom of Elegant Solutions Consulting, LLC, in the Oct. 24 keynote address at the ASPPA Annual Conference at National Harbor, Md. READ MORE

By John Iekel10/24/2016 • 0 Comments

The last year featured some 'Big Bangs' — and so will the year to come, for that matter. The popular Current Events Update at this year’s ASPPA Annual Conference Oct. 24 included a light-hearted look at current events. READ MORE

By John Iekel10/24/2016 • 0 Comments

What’s the retirement plan industry’s biggest concern in the coming election? ASPPA Executive Director Brian Graff addressed the issue in the opening session of ASPPA’s 2016 Annual Conference at National Harbor, Md. READ MORE

By John Iekel10/14/2016 • 0 Comments

American Enterprise Institute (AEI) Resident Scholar Andrew Biggs shares his views on what can be done to improve entitlements and increase retirement saving. READ MORE

By John Iekel10/6/2016 • 0 Comments

In the second of a series of articles that features the insights of American Enterprise Institute Resident Scholar Andrew Biggs, he shares his views on how demographics relate to and affect entitlements and retirement policy and benefits. READ MORE

By John Iekel10/3/2016 • 0 Comments

In a recent paper, the American Enterprise Institute offers its views on approach entitlements differently; in a series of articles AEI Resident Scholar Andrew Biggs shares his views on entitlements in general and how they relate to retirement policy and benefits in particular. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff10/31/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) announced on Oct. 28 that the guarantee limit for single-employer plans that fail in 2017 will be higher than the limit that applied for 2015 and 2016. READ MORE

By ASPPA Net Staff10/31/2016 • 0 Comments

A recent paper argues that those that design, offer and administer DC plans should not assume that they are assured of participants in growing numbers and stability and that the plans will serve participants as well as ever without changes and adaptations. READ MORE

By ASPPA Net Staff10/28/2016 • 0 Comments

One might think that retirement income solutions would be more prevalent among larger plans — but you’d be wrong, according to a new survey. READ MORE

By ASPPA Net Staff10/28/2016 • 0 Comments

The IRS has issued a draft of the Form 5500-EZ to be used by one-participant retirement plans for 2016 information reporting. READ MORE

By ASPPA Net Staff10/27/2016 • 0 Comments

As implementation of the Department of Labor’s (DOL) fiduciary rule nears, two broker-dealers have decided to continue to charge commissions for their retirement account services. READ MORE

By ASPPA Net Staff10/26/2016 • 0 Comments

The IRS and Pension Benefit Guaranty Corporation (PBGC) have announced that they are granting relief to victims of Hurricane Matthew in hard-hit parts of South Carolina, Georgia and Florida. READ MORE

By ASPPA Net Staff10/25/2016 • 0 Comments

Kurt F. Piper, FSPA, will serve as President of the ASPPA College of Pension Actuaries (ACOPA) for the 2016-2017 year. Piper was inaugurated as President Oct. 25, at ACOPA’s annual actuarial luncheon at the ASPPA Annual Conference in National Harbor, Md. READ MORE

By ASPPA Net Staff10/23/2016 • 0 Comments

The American Society of Pension Professionals & Actuaries honored Judy A. Miller, MSPA, with the prestigious Harry T. Eidson Founders Award during the Oct. 23 opening session of the 2016 ASPPA Annual Conference in National Harbor, Md. READ MORE

By ASPPA Net Staff10/23/2016 • 0 Comments

The American Society of Pension Professionals & Actuaries welcomed Richard A. Hochman, JD, APM, as the new president of the organization during the Oct. 23 Business Meeting that kicked off the 2016 ASPPA Annual Conference in National Harbor, Md. READ MORE

By ASPPA Net Staff10/21/2016 • 0 Comments

The IRS has announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. READ MORE

By ASPPA Net Staff10/21/2016 • 0 Comments

A recent report says that rumors that the there are rumors that the DOL fiduciary will rule be delayed are just that. READ MORE

By ASPPA Net Staff10/21/2016 • 0 Comments

The IRS on Oct. 18 issued a field directive on the application of the accrued benefit rules under Internal Revenue Code Section 411(b)(1)(G) to pending requests for determination letters by pension equity plans (PEPs). READ MORE

By ASPPA Net Staff10/20/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) has announced the flat-rate and variable-rate premium rates for 2017. READ MORE

By ASPPA Net Staff10/19/2016 • 0 Comments

There will be a 0.3% cost-of-living adjustment (COLA) for Social Security for 2017, the Social Security Administration (SSA) announced on Oct. 18. READ MORE

By ASPPA Net Staff10/14/2016 • 0 Comments

A new research paper highlights several new observations about people who have limited financial assets in retirement, specifically findings regarding spending on financial shocks, or unexpected expenses, since retiring. READ MORE

By ASPPA Net Staff10/14/2016 • 0 Comments

Transparency and accountability are behind the Department of Labor’s (DOL) latest effort to update the Form 5500; at least so say the speakers in ASPPA’s recent webcast on the subject. READ MORE

By ASPPA Net Staff10/14/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Oct. 12 announced that it is granting relief to victims of Hurricane Matthew in hard-hit parts of North Carolina. READ MORE

By ASPPA Net Staff10/14/2016 • 0 Comments

They may not have very much in common, but the two major party presidential candidates seem to be on the same page when it comes to state-run auto-IRA programs. READ MORE

By ASPPA Net Staff10/13/2016 • 0 Comments

The IRS has decided that filers should not answer compliance questions to Forms 5500, 5500-SF and 5500-EZ, as well as Schedules H, I and R, for the 2016 plan year. READ MORE

By ASPPA Net Staff10/13/2016 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Oct. 11 announced that $150 million more will be provided to Alcoa’s two largest pension plans under an agreement it has reached with the company.

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By ASPPA Net Staff10/13/2016 • 0 Comments

John Hancock Retirement Plan Service has set Oct. 18 as National TPA Day, a day intended to recognize the contributions and expertise of third party administrators. READ MORE

By ASPPA Net Staff10/13/2016 • 0 Comments

A new survey finds that the median retirement savings for those who have access to a 401(k) plan is nearly nine times that of those who don’t. READ MORE

By ASPPA Net Staff10/13/2016 • 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. October is an especially busy month. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

A new survey finds that current retirees are keeping a careful eye on their spending – and feel that they can sustain that approach throughout retirement. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

GIC/stable value and money market funds benefited from 401(k) participants fleeing company stock and target-date funds in September, according to a new report. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

State pension plans’ unfunded liabilities are on track to grow to $1.75 trillion, says Moody’s Investors Service, which said on Oct. 7 that it expects state public pensions to grow by 40% to that amount through fiscal 2017. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

A recent report highlights five key 401(k) risk areas to keep an eye on. READ MORE

By ASPPA Net Staff10/12/2016 • 0 Comments

On Oct. 11, 2016, the American Retirement Association requested relief from the IRS for taxpayers, plan sponsors and service providers adversely affected by Hurricane Matthew. READ MORE

By ASPPA Net Staff10/7/2016 • 0 Comments

There was some good news for U.S. corporate pension plans in a recent report about their overall funded ratio. READ MORE

By ASPPA Net Staff10/6/2016 • 0 Comments

Labor force participation rates among college-educated women age 60-64 grew in the first decade of the 21st Century; a recent study looks at that finding as well as how pensions help explain it. READ MORE

By ASPPA Net Staff10/6/2016 • 0 Comments

The IRS has issued publications that provide information and forms relevant to employee and matching contributions and required distributions. READ MORE

By ASPPA Net Staff10/6/2016 • 0 Comments

The IRS has made an early release of the draft of the 2016 Form 5500-EZ instructions, to be used for providing the information about the 2016 plan year that is to be filed in 2017. READ MORE

By ASPPA Net Staff10/5/2016 • 0 Comments

The IRS has updated the information it provides on its website on retirement plan correction procedures to reflect Revenue Procedure 2016-51. READ MORE

By ASPPA Net Staff10/4/2016 • 0 Comments

“DOL’s Form 5500 Modernization Initiative,” an ASPPA webcast to be held on Oct. 6, will feature a discussion of proposed revisions to the Form 5500 and related schedules. READ MORE

By ASPPA Net Staff10/4/2016 • 0 Comments

September has long been known as the worst month for U.S. stock performance, but this year 401(k) balances for younger, less tenured workers actually rose 2% in September. READ MORE

By ASPPA Net Staff10/3/2016 • 0 Comments

There are a variety of plan design options that have an impact on participants and plan sponsors — and one of them is plan eligibility. Noah Buck argues that a strategic approach to defining eligibility provisions in 401(k) plans can boost take-up rates. READ MORE