Government Affairs

Government Affairs

Government Affairs

By ASPPA Net Staff5/28/2015 • 0 Comments

A study the Department of Labor did of its audits of employee benefits plans shows that the department needs to improve the quality of those audits. READ MORE

By ASPPA Net Staff5/26/2015 • 0 Comments

Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) on May 21 released an update on the committee’s bipartisan tax working groups.

By ASPPA Net Staff5/26/2015 • 0 Comments

On May 20, President Obama announced his intent to nominate a number of individuals to key Administration posts, including the Pension Benefit Guaranty Corporation.

By ASPPA Net Staff5/22/2015 • 0 Comments

Employers, plan administrators, third party administrators and others associated with multiemployer plans have received reassurance regarding the scope of the Pension Benefit Guaranty Corporation’s proposed rule on mandatory e-filing for certain multiemployer notices. READ MORE

By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA Executive Director and CEO Brian Graff opened ASPPA’s first-ever virtual conference with a discussion of “the elephant in the room” — the Department of Labor’s reproposal concerning the definition of who is a fiduciary.

By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA’s first-ever virtual conference provided more than critical information on important issues — it also afforded an opportunity to gain the expert speakers’ insights on particular situations and matters. READ MORE

By ASPPA Net Staff5/18/2015 • 0 Comments

The Department of Labor has announced a brief extension of the comment period on its fiduciary reproposal — and has set a date for a public hearing. READ MORE

By ASPPA Net Staff5/15/2015 • 0 Comments

Legislation introduced recently in the U.S. House of Representatives and the Senate would require retirement plans to include an “annuity equivalent” on participant statements. READ MORE

By ASPPA Net Staff5/13/2015 • 0 Comments

Amending the Illinois constitution may be an answer to the state's pension problems, Gov. Bruce Rauner's (R) office has suggested. READ MORE

By ASPPA Net Staff5/12/2015 • 0 Comments

The Department of Labor’s Employee Benefit Security Administration has asked the Office of Management and Budget to extend for three more years authorization to gather information through the Form 5500. READ MORE

By ASPPA Net Staff5/11/2015 • 0 Comments

In a bid to expand availability of employee stock ownership plans in S corporations and enhance retirement savings, Sen. Ben Cardin (D-MD) on May 6 introduced legislation he hopes will accomplish both. READ MORE

By John Iekel5/8/2015 • 0 Comments

In testimony at a recent hearing held by the Rhode Island House Committee of Labor, the American Retirement Association expressed strong support for a bill that would establish a private-sector employer IRA program in the Ocean State. READ MORE

By John Iekel5/6/2015 • 0 Comments

Cyber attacks, and the threat they pose to firms that provide finance-related services and their clients, prompted the recent release by the SEC’s Division of Investment Management of some steps that can protect against them. READ MORE

By ASPPA Net Staff5/4/2015 • 0 Comments

ASPPA in an April 30 comment letter made suggestions regarding projects and guidance the IRS should pursue in its 2015-2016 Priority Guidance Plan. READ MORE

By ASPPA Net Staff4/28/2015 • 0 Comments

A new legislative proposal wouldn’t just require employers to offer a retirement plan — it would mandate employer contributions too. READ MORE

By ASPPA Net Staff4/22/2015 • 0 Comments

The Pension Benefit Guaranty Corporation has proposed a new requirement that multiemployer plans file certain forms electronically.

By Alisa Wolking4/20/2015 • 0 Comments

On April 15, the American Retirement Association joined with other industry stakeholders in releasing a statement to the Senate Finance Committee working group on Savings and Investment. READ MORE

By ASPPA Net Staff4/15/2015 • 0 Comments

Industry insider and fiduciary geek Pete Swisher has penned a timely and insightful piece on the history and potential future impact of the Department of Labor’s new “conflict of interest” proposal.

By ASPPA Net Staff4/15/2015 • 0 Comments

The Investment Company Institute says the Obama administration relied on "fatally flawed" research in supporting its push for an expansion of the “conflicted advice” rule released April 14. READ MORE

By John Iekel4/10/2015 • 0 Comments

Small defined benefit plans that have received audit waivers need more frequent review, says the Department of Labor’s Inspector General in a report concerning EBSA’s oversight of small plans claiming the audit waiver. READ MORE

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