Recent Developments on the Agenda at ASPPA’s Cincinnati Conference
Much is happening in Washington that will soon affect retirement plan sponsors and the professionals who advise them. These late-breaking developments will be covered in depth at the Cincinnati Regional Conference
scheduled for Nov. 12-13.
On Aug. 31, 2018, President Trump signed an Executive Order (EO)
directing the Department of Labor (DOL) and the Treasury Department to embark upon new regulatory projects. At the top of the list was a direction to the DOL to clarify and expand the circumstances under which employers may sponsor or adopt a multiple employer plan (MEP).
MEPs have been championed by some as a way to increase retirement plan coverage. A 2012 DOL Advisory Opinion constrained their growth but is now in doubt due to the president’s executive order. MEP supporters in Congress have introduced a number of bills that would address fiduciary concerns, as well as potential problems under the Internal Revenue Code. Pete Swisher, a noted expert on MEPs, will review the current status of the laws regulating MEPs, the proposals intended to spur their growth and the potential impact of the president’s executive order.
Other directives in the executive order will be discussed during the Washington Update general session led by Craig Hoffman, General Counsel for the American Retirement Association. Hoffman will discuss the EO’s mandates to the IRS and Treasury Department to examine the life expectancy and distribution periods for required minimum distributions, and to the IRS and DOL to consider improving the effectiveness of, and reducing the cost of, required notices and disclosures. The latter effort will almost certainly include a reexamination of the rules on electronic disclosure under both ERISA and the Internal Revenue Code.
The Washington Update also will cover the mid-term election results and their potential impact on retirement legislation. A lame-duck session of Congress is expected after the elections and bipartisan retirement savings proposals are likely to be considered. And the update will include IRS guidance on changes made by the 2017 Tax Cuts and Jobs Act, as well as this year’s budget bill, which should be out by the time of the conference.
Don’t miss out on learning about these and other important developments affecting qualified retirement plans. Register today
for the 2018 Cincinnati Regional conference and take advantage of the early registration discount, which will end on Sept. 28. And don’t forget, the conference offers 17 ASPPA CPE credits (including a 2 ethics CPE credits).