Practice Management

Practice Management

Practice Management

By ASPPA Net Staff12/2/2014 • 0 Comments

The Fortune 1000 has reported an estimated $285 billion in retiree medical obligations for 2013 — but that’s better than a year ago, according to a recent report. READ MORE

By ASPPA Net Staff11/25/2014 • 0 Comments

A recent hearing the Bipartisan Policy Commission held focused on longevity, leakage and long-term care costs amid the broader topic of threats to retirement security. READ MORE

By John Iekel11/25/2014 • 0 Comments

Fortune 1000 companies’ pension plans fared well in 2014, a continuation of trends that began in 2013. And that, says Towers Watson, means that the risks a pension plan poses an employer have shrunk. READ MORE

By ASPPA Net Staff11/24/2014 • 0 Comments

While Americans have been living longer, a new report suggests that that trend could slow in the future — and that could have an impact on pension calculations and retirement projections. READ MORE

By Nevin Adams11/19/2014 • 0 Comments

There has been much discussion about savings trends and the unique challenges of Millennials, specifically the impact of graduating with so much college debt. But adjusted for inflation, the debt totals are very much in line with those of earlier generations. READ MORE

By Donna Brewster11/18/2014 • 0 Comments

ASPPA’s new Business Managers and Owners Council (BMOC) is off to a great start. BMOC is the new membership option for ASPPA members who are owners or senior executives of a pension administration or actuarial service business. READ MORE

By ASPPA Net Staff11/14/2014 • 0 Comments

While small business owners acknowledge the importance of preparing for retirement, a new survey discusses how they find out about retirement.
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By John Iekel11/14/2014 • 0 Comments

As industry consolidation continues apace, the universe of 401(k) plan providers for employers is shrinking. But that doesn’t necessarily mean that competition among the providers is correspondingly reduced. READ MORE

By John Iekel11/11/2014 • 0 Comments

Updated mortality assumptions for participants and beneficiaries in private-sector defined benefit plans have been issued by the Society of Actuaries (SOA in its Mortality Improvement Scale MP-20141 Report, along with its companion document, the RP-2014 Mortality Tables Report. READ MORE

By John Ortman11/3/2014 • 0 Comments

Why does a TPA need a service agreement, anyway? Shouldn’t a handshake be good enough? Of course it’s not, as all TPAs know — that’s what service agreements are for. “We need service agreements to meet our legal responsibilities for fee disclosure. We need them so that we don’t get sued, ‘or sc.rewed’ on fees, and to protect ourselves if either happens,” says Summit Benefits’ Norman Levinrad. READ MORE

By Mike Bushnell10/29/2014 • 0 Comments

Using easy-to-remember best practices, consultant Sarah Simoneaux, CPC, told attendees at the 2014 ASPPA Annual Conference Oct. 28 how they can make a first impression the best impression, and continue a strong relationship with a new client well past the introductory meeting. READ MORE

By John Iekel10/24/2014 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Oct. 24 announced the premium rates for 2015. Some rates increased sharply, while other increases were far more modest. READ MORE

By Donna Brewster10/23/2014 • 0 Comments

Growing and managing a business presents a multitude of challenges. To aid in meeting them, ASPPA’s new Business Managers and Owners Council will provide a number of opportunities for you to enhance your business management skills. Membership in this group is exclusively available to qualified ASPPA members as an “add on” to your regular ASPPA dues. READ MORE

By ASPPA Net Staff10/17/2014 • 0 Comments

They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement. READ MORE

By John Iekel10/17/2014 • 0 Comments

The Highway and Transportation Funding Act of 2014 had consequences for annual financial and actuarial information reporting under Section 4010 of ERISA and part 4010 of the PBGC regulations. To better clarify how it applies, the PBGC on Oct. 17 issued Technical Update 14-2: Effect of HATFA on 4010 Reporting. READ MORE

By John Iekel10/17/2014 • 0 Comments

The number of single-employer defined benefit plans has dropped sharply over a nearly 40-year period, while multiemployer DB plans' decline has been far less dramatic. But Bureau of Labor Statistics Office of Compensation and Working Conditions economist William Wiatrowski shows in a study that it's too simplistic to explain this by noting that DB plans have long been declining as DC plans have grown. READ MORE

By Barry Levy10/16/2014 • 0 Comments

This month ASPPA will be launching the Business Managers & Owners Council. BMOC is a new membership add-on designed for ASPPA members who are either owners or senior executives of a qualified plan administration business. READ MORE

By ASPPA Net Staff10/11/2014 • 0 Comments

How many American workers are covered by a retirement plan? It depends on how you look at it. READ MORE

By Craig Hoffman10/10/2014 • 0 Comments

The IRS announced this week, to the surprise of many, that the IRS electronic filing system known as FIRE (Filing Information Returns Electronically) will be shut down from approximately 3:00 p.m. ET on Saturday, Oct. 11, 2014, until approximately 6:00 a.m. ET on Tuesday, Oct. 14, 2014. READ MORE

By Andrew Remo9/29/2014 • 0 Comments

Lobbying groups representing minority investment fund managers, backed by key Democratic members of Congress, recently met with key administration officials to press the case for doing business with minority and women-owned firms.
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