We heard you! Market research that ASPPA is conducting has given us a good look at which industry trends cause you the most pain. After four weeks of voting, the top five concerns are:
- Mergers and acquisitions as they relate to retirement plan administration (tie for first)
- Controlled groups and affiliated service groups (tie for first)
- Compliance issues as a result of sponsor apathy (tie for third)
- Service provider and participant disclosures (tie for third)
- Definition of compensation
- Affiliated service groups and controlled groups
- Compensation for sole proprietors, partners and members of LLC (tie for seventh)
- Claims that all mid-year amendments to safe harbor 401(k) plans are prohibited except for those listed in published guidance (tie for seventh)
The voting is closed, but not our interest in your needs. That’s why ASPPA held the vote in the first place. We’re always interested in supporting our members and community and meeting their needs as they work to provide Americans with a secure retirement.
John Iekel is Senior Writer and Editor for the ASPPA Net and NTSA Net portals.
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