Business Systems

Business Systems

Business Systems

By ASPPA Net Staff7/31/2015 • 0 Comments

The IRS on July 31 issued Notice 2015-53, which provides the mortality tables for minimum funding and present value requirements for use in 2016.
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By ASPPA Net Staff7/29/2015 • 0 Comments

Financial wellness can affect more than just employees’ accounts and retirement readiness; it also can affect employees’ physical wellness and even an employer’s bottom line, recent studies say. READ MORE

By ASPPA Net Staff7/22/2015 • 0 Comments

July 21 provided a poignant example of the back-and-forth over the proposed fiduciary rule, as Labor Secretary Thomas Perez testified on Capitol Hill about it, while across town SEC member Daniel Gallagher sent the DOL a public comment letter criticizing it. READ MORE

By ASPPA Net Staff6/26/2015 • 0 Comments

The DOL rule that went into effect June 17 containing fiduciary requirements for disclosure in participant-directed individual account plans has built in two additional months in which to provide the information. READ MORE

By ASPPA Net Staff6/26/2015 • 0 Comments

The Senate Appropriations Committee on June 25 in a 16-14 vote approved the fiscal year 2016 Labor, Health and Human Services (LHHS) funding bill, which denies funding that would enable the Department of Labor to implement the fiduciary rule. READ MORE

By ASPPA Net Staff6/25/2015 • 0 Comments

The reviews are in and WBLF conference just held in Charleston, S.C. was a big success! READ MORE

By ASPPA Net Staff6/3/2015 • 0 Comments

The IRS has issued a reminder about the importance of taking steps to protect tax records from hurricane damage — and the same principle applies regarding protecting records relevant to plans and participants. READ MORE

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 Staff5/1/2015 • 0 Comments

The Financial Accounting Standards Board Emerging Issues Task Force has issued an FASB Exposure Draft containing proposed updates to accounting standards for defined benefit and defined contribution plans. READ MORE

By ASPPA Net Staff1/29/2015 • 0 Comments

Remember the importance of 401(k) plan committees, which can exercise their fiduciary responsibility through meetings and quarterly reviews. READ MORE

By Nevin Adams12/19/2014 • 0 Comments

A federal district court in North Carolina has ruled that the rounding decision is a discretionary one that a plan administrator can make, and that choosing to round to five decimal places was not an abuse of discretion. READ MORE

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