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Ascensus announced June 19 the acquisition of Swerdlin & Company and SES Advisors. Both firms will become part of the firm’s TPA Solutions division.Swerdlin & Company provides actuarial, consulting, administrative and recordkeeping services for all types of retirement, health and cafeteria... READ MORE
The Department of Labor (DOL) has unveiled the much-anticipated final version of a rule that allows more small businesses and self-employed workers to band together to buy health insurance — and may have dropped a small hint about retirement multiple employer plans (MEPs). The association health... READ MORE
Nominations are now being accepted for the American Retirement Association’s 2019 Board of Directors. Elected at-large members of the Board of Directors serve for one term of three calendar years. Nominees must be nominated by at least two members to be considered. To view the nomination form,... READ MORE
ACOPA leadership was very active in Washington, DC from May 18 to May 22. Leadership met with our new Executive Director, attended American Retirement Association (ARA) Government Affairs Executive Committee meetings, visited the Pension Benefit Guaranty Corporation (PBGC) and met with Senate and... READ MORE
PBGC has completely overhauled their missing participant program. The new rules are effective for plans that terminate on or after Jan. 1, 2018. Unfortunately, if you are dealing with a missing participant in a plan that terminated before that date, you will have to comply with the old rules.... READ MORE
Several weeks back, I was invited to participate in a group conversation on retirement and the future of prosperity. The group of 15 (they’re listed at the end of the document that summarized the conclusions) that Politico pulled together was diverse, both in background and philosophies, and... READ MORE
How does the best interest standard of care in the SEC’s Regulation Best Interest compare to the standard of care in the DOL’s Best Interest Contract Exemption (BICE)? Well, having previously outlined the similarities between those two, in his most recent blog post noted ERISA attorney Fred Reish... READ MORE
Employer-based retirement plans are the keystone of retirement preparedness. A recent Forbes column examines the centrality of employers’ role — and the areas where there are shortcomings.In “Should We Continue to Count on Employers for Retirement Provision?” Forbes contributor Elizabeth Bauer, FSA... READ MORE
The ACOPA Actuarial Symposium is coming up! It is an honor to serve on the symposium conference committee with such dedicated volunteers, who want to bring the best educational experience to all who attend the symposium. If comments from attendees at prior conferences are any guide, the reasons... READ MORE
ACOPA actuaries benefit from being a part of ASPPA and ARA. In May, ACOPA actuaries Tom Finnegan and Bill Karbon, our new Executive Director Marty Pippins and I participated in the Government Affairs Committee (GAC) weekend meetings in Washington. On Monday, May 21, we met with the PBGC and the IRS... READ MORE
One ordinarily would not leave a pile of cash unattended on a table in a public place — it may not be there long. But the advent of electronic banking, plan administration and account information makes it possible for cyber criminals to plunder assets on a virtual picnic table, absent protections.... READ MORE
A recent survey of DC plan sponsors and consultants finds that when selecting a target-date strategy or other QDIA, plan sponsors were most concerned about participants’ longevity risk and their ability to achieve higher retirement account balances over the long term.T. Rowe Price’s survey, “... READ MORE
The American Retirement Association has submitted a comment letter to the IRS concerning the IRS’ 2018-2019 Priority Guidance Plan. In the June 15, 2018, comment letter the ARA says it “believes that each and every item” on the IRS’ plan for 2018-2019 “is important to provide clarity and guidance... READ MORE
While June 13 was widely cited as the last day the Department of Labor (DOL) could appeal to the U.S. Supreme Court the 5th Circuit’s ruling vacating the fiduciary rule, that day has now come – and gone. So now the prevailing wisdom is that the DOL fiduciary rule, as it largely existed, is now dead... READ MORE
The Oregon Retirement Savings Board (ORSB), the body that runs OregonSaves  – the nation’s first state-sponsored savings program for employees whose employers do not offer retirement benefits – has provided an update on recent activities, implementation and future steps. Where Things Stand   May 15... READ MORE
Thinking outside the box is often a valued attribute; in the retirement plan universe, it can find expression in arrangements and plan features that offer flexibility, liquidity and portability. But a recently released paper suggests that it is important to be mindful of fiduciary duties while... READ MORE
There were mixed results for defined benefit and defined contribution plans in the first quarter of 2018, the Federal Reserve reports. In short: assets grew, but so did liabilities. Assets The Fed reports that assets for private DB and DC plans — showed mixed results since the 4th quarter of 2017... READ MORE
Guess how many CE credits you can get at the ASPPA Annual Conference.This year you can earn up to 25 ASPPA CE credits — with three ethics credits available — for the 2017–2018 CE cycle. Sessions offer up to two credit hours each.At “ASPPA Annual” — one of the retirement industry’s longest-running... READ MORE
Another provider has been sued by an employee-participant in its own 401(k) plan, not just for its inclusion of proprietary funds, but the type and number of options on its menu — and its target-date strategy.The suit, filed by participant-plaintiff Diego Cervantes in the U.S. District Court for... READ MORE
The IRS determination letter program and what to do about missing participants were among the topics the Employee Plans (EP) Subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT) addressed in the general report it issued on June 7. The American Retirement Association (... READ MORE

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