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According to a survey on Bankrate.com, 60% of Americans do not have sufficient funds saved to enable them to pay for an unexpected emergency expense. The failure to save money is at epidemic levels. One way that an individual can deal with desperate circumstances (or more-than-normal financial... READ MORE
Plan sponsors occasionally wish to change aspects of their plan vesting provisions. But that can be more easily said than done. A recent ASPPA webcast offers a look at the technical requirements to making changes to a plan’s vesting provisions and how to avoid common pitfalls in doing so. As a... READ MORE
We really hadn’t been focused on making a change, though the subject had come up from time to time.  In fact, considering how long we had been thinking about making a change without actually doing anything about it, the change itself felt almost accidental in its suddenness. So sudden, in fact,... READ MORE
When it comes to managing 401(k) investment allocation transactions, a new study suggests that the usability of key website features represents one of the most persistent problems across provider interfaces.   Two seemingly tangential features that came up continually during Corporate Insight’s... READ MORE
We’re interested in you — and what you’re looking for in programming to support your personal and professional development.  Please take a couple of minutes to respond to our anonymous survey and let us know what’s on your mind — and how we can help!  The survey is at https://www.research.net/r/... READ MORE
Plan fees often elicit complaint and sometimes serious action, as lawsuits and court rulings attest. A recent article discusses the Department of Labor (DOL) rules for controlling fees and what they require, as well as how to protect employees from excessive fees. There is a range of reasons for... READ MORE
A recent study bolsters the findings and arguments of those who suggest that retirement doesn’t necessarily mean not working any more. The LIMRA Secure Retirement Institute reports that approximately of 20% of retirees actually continue to work in some capacity. “Today retirement is better defined... READ MORE
The IRS has determined that if an individual receives a distribution check from a qualified plan and does not cash the check, that individual cannot exclude the amount of the designated distribution from gross income and the employer remains subject to withholding and reporting obligations. The IRS... READ MORE
The mercury may have soared in July, but the funded status of the biggest corporate pension plans fell, says a recent report. The Milliman 100 Pension Funding Index (PFI), through which Milliman provides information on the 100 largest corporate defined benefit plans, reports that in July their... READ MORE
Beachgoers weren’t the only ones taking some time off in July, as 401(k) trading activity among 401(k) plan participants logged only one above-normal day, according to the Alight Solutions 401(k) Index. This comes following a busy second quarter, which registered the heaviest quarter of net trading... READ MORE
As the world’s largest retirement market, current trends in the U.S. will have a disproportionate impact on leading financial services firms over the next two decades, says a new report.  While noting that retirement “is and will continue to be” one of the largest growth opportunities for wealth... READ MORE
NTSA proudly announces the inaugural NTSA Richard Ford Volunteer Service Award.   This new award honors and promotes NTSA members’ volunteer and service work in two areas: both with NTSA in their tax-exempt retirement industry markets and also with the member’s local governmental and nonprofit... READ MORE
A missed deferral has ripple effects and is not an isolated event. The sooner it is addressed the better, argued an industry expert in an Aug. 7 ASPPA webcast. “It is important to get it right and ger the participant where he/she would have been if the error had not happened,” said Mike Smith, a... READ MORE
Multiple employer plans (MEPs) figure prominently in many discussions about workplace retirement plans today. And with those discussions including changes that would expand their availability and use, an Aug. 6 webinar provided a useful refresher on the federal rules governing MEPs. In the... READ MORE
Do plan sponsors really know what participants want?  Back in the early 1990s, there was a very popular “self-help” book on relationships titled “Men Are From Mars, Women Are From Venus.” The basic premise, of course, was that men and women have different means and styles of communication – that,... READ MORE
  A new study contends that American workers’ participation in employer-sponsored retirement plans is significantly higher than suggested by the most commonly cited statistics.  In fact, nearly two-thirds of workers between ages 26 and 64 participate in such plans, either directly or through a... READ MORE
Talking about financial investments and products at home can help lead to greater financial literacy and a greater propensity to save for retirement, says a recent study. The LIMRA Secure Retirement Institute in “The Roots of Financial Literacy: The Impact of Family on Financial Knowledge and... READ MORE
The ASPPA College of Pension Actuaries (ACOPA) has honored Kevin Donovan with the 2019 Edward E. Burrows Distinguished Achievement Award. The award, presented at the ACOPA Actuarial Symposium in Chicago, Illinois on Aug. 9, is presented annually to a pension actuary who has gone above and beyond... READ MORE
I can’t believe it’s time again to register for the Cincinnati ASPPA Regional Conference! The 11th annual Conference will be held Nov. 11-12, 2019 at the Cincinnati Marriott RiverCenter. Although I’ve been an employee benefits practitioner for many years, last year was my first attending the... READ MORE
Sir Isaac Newton’s Third Law of Physics says that, “for every action there is an equal and opposite reaction.” That also apparently applies to ERISA litigation. On August 5, the law firm of Schlichter Bogard & Denton, LLP filed papers opposing a motion by fiduciary defendants of the MIT... READ MORE

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