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The American Retirement Association filed a comment letter Oct. 19 with the New Jersey Bureau of Securities concerning the fiduciary conduct standards the state government is considering. Gov. Phil Murphy (D) announced plans in September to issue a rule strengthening the standard for investment... READ MORE
The 2018 ASPPA Annual Conference kicks off Sunday, Oct. 21 at the Gaylord National Resort at the National Harbor, located in Oxon Hill, Md., just outside our nation’s capital. We'll be there from the start until the conference ends on Wednesday, Oct. 24, reporting on the general sessions, workshops... READ MORE
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-vacated fiduciary rule. The SEC’s updated regulatory agenda confirms that the agency has set a... READ MORE
ERISA was enacted to provide national protections for participants in employer-sponsored retirement plans – but proposed legislation would undermine those protections. A bill introduced in the Senate in July would create a new type of “open” multiple employer plan (MEP), an employee benefit plan... READ MORE
The Office of Management and Budget (OMB) has issued a comprehensive report on the regulatory agenda of the Department of Labor (DOL) for fall 2018. It includes proposed and final rules under consideration by the DOL’s Employee Benefits Security Administration (EBSA) that would affect retirement... READ MORE
The Office of Management and Budget (OMB) has issued a comprehensive report on the regulatory agenda of the Pension Benefit Guaranty Corporation (PBGC) for fall 2018. Proposed Rules The OMB lists the following as proposed rules the PBGC is now considering: Valuation Assumptions and Methods:... READ MORE
The Office of Management and Budget has completed its review of the Labor Department’s proposal for expanding access to multiple employer retirement plans. It was less than a month ago that the Labor Department delivered its proposed rule to OMB, which in turn was less than a month after President... READ MORE
The IRS is providing additional relief for taxpayers in any area the Federal Emergency Management Administration (FEMA) has designated as a major disaster area in the wake of Hurricane Florence and Hurricane Michael. Among the steps the IRS has taken is to further extend the Oct. 15 extension... READ MORE
In his most recent blog post about best practices, ERISA attorney Fred Reish explores retirement income projections as a way to better serve plan participants. Reish explains why he includes retirement income projections among the best practices he suggests for plan sponsors. “Best practices are... READ MORE
As you can see, the ASPPA website looks different – cleaner, more modern, and certainly better when viewed on a mobile device, as a growing number of members do. While we have retained nearly all of the resources previously available on the old site, we have done some reorganizing, and retitled... READ MORE
Health savings accounts (HSAs) are a high-value option with triple tax benefits that help employees prepare for health care costs in retirement, but many employees continue to miss out on the benefits, according to a new study. Willis Towers Watson’s 2018 Health Accounts Employee Attitudes Survey... READ MORE
Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced Oct. 11. The 2.8% cost-of-living adjustment (COLA) will begin with benefits payable to beneficiaries in January. For SSI... READ MORE
The IRS has announced that it has granted tax relief certain victims of Hurricane Michael in Florida. The IRS action includes relief from penalties on payroll and excise tax deposits due on or after Oct. 7, 2018, and before Oct. 22, 2018, which it says will be abated as long as the deposits are... READ MORE
The tail end of hurricane season — and more specifically the disastrous flooding of Hurricane Florence — brins to mind my last serious brush with nature’s fury. It was 2011, and we had just dropped our youngest off for his first semester of college in North Carolina, stopped off long enough in... READ MORE
With a 20-year history, many Americans have heard of the Roth IRA and its benefit of taking tax-free withdrawals during retirement. Some have heard of the Backdoor Roth — making nondeductible contributions to traditional IRAs and converting them to Roth IRAs. A new Roth savings strategy, being... READ MORE
Many countries consistently receive high rankings for their retirement systems, but does that mean they also have the happiest participants? A new report delves deeper into the drivers of happiness in the context of retirement and finds that that’s not necessarily the case. State Street Global... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has set flat-rate and variable rate premiums for 2019. Flat-Rate Premiums The per-participant flat-rate premium for plan years beginning in 2019 is $80 for single-employer plans (up from the $74 2018 rate and the $69 2017 rate) and $29 for... READ MORE
Rep. Richie Neal (D-MA), the ranking Democrat on the House Ways & Means Committee, and the man in line to become chairman of that powerful committee, has cited three priorities on which he even thinks he might align with President Trump, and two of them — shoring up retirement savings and... READ MORE
As employers increasingly determine that financial wellness programs can help improve employee productivity and reduce financial stress, it would seem that such programs are no longer in their pilot program days. The findings of NEPC’s Defined Contribution Financial Wellness Survey reveal that... READ MORE
The California Secure Choice Retirement Savings Investment Board has announced that it is proposing the adoption of emergency regulations to implement, interpret and make specific the rules, policies and procedures dictating the operation of the California Secure Choice (CalSavers) Retirement... READ MORE

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