Government Affairs

Government Affairs

Government Affairs

By Craig Hoffman12/3/2015 • 0 Comments

The final version of the 2015 Form 5500 was released on Dec. 3 and, in a victory for ASPPA GAC, the new IRS compliance questions were made optional (at least for the 2015 plan year). READ MORE

By ASPPA Net Staff12/3/2015 • 0 Comments

The Department of Labor (DOL), IRS and Pension Benefit Guaranty Corporation (PBGC) on Dec. 3 released advance copies of the Form 5500 Series to be used for 2015 reporting. READ MORE

By Nevin Adams12/3/2015 • 0 Comments

A congressional subcommittee hearing Dec. 2 gave voice to the conflicting perspectives on the Department of Labor’s (DOL) fiduciary proposal, though it seems unlikely that anyone’s perspective was changed. READ MORE

By ASPPA Net Staff12/1/2015 • 0 Comments

Legislation that would amend the rules for church plans in a variety of ways is now before both chambers of Congress.
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By ASPPA Net Staff11/30/2015 • 0 Comments

The PBGC has amended its regulation on allocation of assets in single-employer plans by substituting a new table for determining expected retirement ages for participants in pension plans that are distressed or are being involuntarily terminated and that have valuation dates falling in 2016. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

The PBGC has reported that in federal fiscal year 2015 the agency paid millions of dollars to support multiemployer pension plans and billions to people covered by pension plans that failed, and that its multiemployer program and its single-employer program ran deeper in debt. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

Pension plan sponsors have long been concerned about rising Pension Benefit Guaranty Corporation premiums — but now a major ratings agency has raised its concerns as well. READ MORE

By ASPPA Net Staff11/30/2015 • 0 Comments

That “unique representational interest” that the Department of Labor (DOL) feels justifies the sponsorship of an open multiple employer plan (MEP) by a state for its citizens might extend beyond state boundaries, Assistant Secretary of Labor Phyllis Borzi has indicated. READ MORE

By Andrew Remo11/30/2015 • 0 Comments

The Financial Services Roundtable recently hosted an event on Capitol Hill that amounted to a retirement counseling session for Millennials working in Congress. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

The Securities and Exchange Commission (SEC) has established a date for notice of proposed rulemaking (NPRM) for issuance of the Personalized Investment Advice Standard of Conduct. READ MORE

By ASPPA Net Staff11/25/2015 • 0 Comments

The Obama Administration recently unveiled its myRA program, a federal effort to encourage retirement savings and provide an easy, low-impact way for those who do not participate in a retirement plan to set something aside; Chris Carosa discusses arguments pro and con. READ MORE

By ASPPA Net Staff11/23/2015 • 0 Comments

The Office of Management and Budget (OMB) has issued a comprehensive list of regulatory projects the Pension Benefit Guaranty Corporation (PBGC) is undertaking. READ MORE

By ASPPA Net Staff11/20/2015 • 0 Comments

The Department of Labor has criticized an effort by a bipartisan group of members of the U.S. House of Representatives to address concerns about its proposed fiduciary rule, with a DOL spokesman calling the initiative “puzzling and disappointing. READ MORE

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

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