Government Affairs

Government Affairs

Government Affairs

By ASPPA Net Staff11/19/2015 • 0 Comments

Securities and Exchange Commission Chairman Mary Jo White on Nov. 18 faced some tough questions from members of the House Financial Services Committee from both parties concerning her agency’s work on setting a uniform fiduciary standard of conduct. READ MORE

By Nevin Adams11/16/2015 • 0 Comments

The Department of Labor on Nov. 16 unveiled a proposed rule to clarify ERISA's application to state-run IRA programs, creating an unfair advantage for those programs over those offered by the private sector. READ MORE

By Nevin Adams 11/16/2015 • 0 Comments

Good news for those who work with cash balance plans: The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. READ MORE

By Nevin Adams 11/13/2015 • 0 Comments

The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. READ MORE

By ASPPA Net Staff11/12/2015 • 0 Comments

The Securities and Exchange Commission (SEC) is working “expeditiously” on a uniform fiduciary standard, SEC Chair Mary Jo White said at the Nov. 10 annual meeting of the Securities Industry and Financial Markets Association (SIFMA). READ MORE

By ASPPA Net Staff11/11/2015 • 0 Comments

Another bill looking to derail the Department of Labor’s fiduciary proposal has been introduced in Congress. READ MORE

By ASPPA Net Staff11/9/2015 • 0 Comments

Effective Feb. 12, 2016, the IRS will no longer be offering the ERPA Special Enrollment Examination (ERPA SEE) to become an ERPA. READ MORE

By John Iekel11/9/2015 • 0 Comments

As the Department of Labor prepares the final iteration of its proposed fiduciary rule, it may be useful to look back on how this all came about and what it entails — and the Congressional Research Service has issued a report that facilitates just that kind of review. READ MORE

By Andrew Remo11/6/2015 • 0 Comments

The Windy City played host in the first week of November to a gathering focused on developing ideas to address America’s retirement savings challenge — but government-run solutions dominated the conversation. READ MORE

By ASPPA Net Staff11/6/2015 • 0 Comments

With concerns about the final Department of Labor (DOL) fiduciary rule and its potential impact on low- and middle-income families still percolating on Capitol Hill, a bipartisan group of House of Representatives members has outlined a series of legislative principles to help guide those efforts. READ MORE

By Janice Wegesin11/5/2015 • 0 Comments

On Nov.2, 2015, the Employee Benefit Security Administration (EBSA) sent about 1,200 letters by email to filers of 2014 Form 5500 that did not properly include the report of an independent accountant. READ MORE

By ASPPA Net Staff11/5/2015 • 0 Comments

The Treasury Department has officially launched its MyRA program on a national basis, hoping to “create a savings habit that will grow,” according to Treasury Secretary Jacob Lew. READ MORE

By ASPPA Net Staff11/4/2015 • 0 Comments

On Nov. 3, ASPPA submitted a comment letter with the IRS on the treatment of overpayments, as defined in sections 5.01(3)(c) and 5.02(4) of Revenue Procedure 2013-12, under the Employee Plans Compliance Resolution System (EPCRS). READ MORE

By ASPPA Net Staff11/3/2015 • 0 Comments

They may not have been willing to block the Department of Labor’s (DOL) fiduciary proposal with legislation, but a group of Democratic members of the U.S. House of Representatives are asking for some additional time to comment on the final proposal before it’s final. READ MORE

By ASPPA Net Staff11/2/2015 • 0 Comments

The Social Security Administration and the IRS have issued the Fall 2015 edition of their joint online newsletter, the SSA/IRS Reporter, This edition includes information on issues related to retirement plans and compliance. READ MORE

By Judy Miller10/30/2015 • 0 Comments

The details of a new budget deal have been released, and Congress has once again gone to the defined benefit pension well to pay for a budget deal. READ MORE

By Andrew Remo10/30/2015 • 0 Comments

The sweeping two-year budget package that is swiftly moving through Congress this week collects over $8.1 billion in revenue from America’s defined benefit plans, largely from increases in premium payments to the Pension Benefit Guaranty Corporation (PBGC). READ MORE

By ASPPA Net Staff10/29/2015 • 0 Comments

The IRS issued a reminder in IR-2015-122 on Oct. 29 that those born before July 1, 1945 generally must receive payments from their IRAs by Dec. 31. READ MORE

By ASPPA Net Staff10/29/2015 • 0 Comments

The Department of Labor’s proposed fiduciary rule would make many changes; one of which is the definition of what constitutes a recommendation. READ MORE

By Andrew Remo10/29/2015 • 0 Comments

Discussing alternatives to encourage small businesses to offer retirement plans, a Senate subcommittee found consensus around a specific solution. READ MORE

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