ASPPA Net Staff
By ASPPA Net Staff 11/24/2021
ASPPA Connect will not be appearing on Friday, Nov. 26 as our offices will be closed in observance of Thanksgiving. ASPPA Connect will return on Monday, Nov. 29. We wish you a Happy Thanksgiving!
Following are a few facts appropriate to the occasion.
On Sept. 28, 1789, just before leaving for...
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By ASPPA Net Staff 11/5/2021
The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm.
David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg...
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By ASPPA Net Staff 10/28/2021
Lawmakers have continued to strip elements from the Build Back Better Act—and a series of sweeping retirement-related provisions have now all been axed.
While most of the news coverage on what was originally cast as a $3.5 trillion reconciliation bill has concentrated on a host of progressive...
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By ASPPA Net Staff 10/25/2021
The recent 2021 ASPPA Annual provided a unique opportunity to connect and also to gain from the insights of industry experts. Following is a quick rundown of our coverage of the event.
Graff Highlights Challenges and Hope in Washington Update
https://www.asppa.org/news/browse-topics/graff-...
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By ASPPA Net Staff 10/22/2021
Gov. Kathy Hochul (D) has signed into law legislation that would convert New York State’s voluntary participation state-run IRA program to mandatory for employers that do not offer a retirement plan and employ 10 or more employees.
The legislation had been passed by the State Senate back in June,...
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By ASPPA Net Staff 10/13/2021
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9% in 2022, the Social Security Administration announced today.
The 5.9% cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security...
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By ASPPA Net Staff 9/13/2021
With Congress set to consider legislation implementing automatic retirement arrangements, a new report by Smart maintains that the legislation will enhance retirement security and be simple for small employers to comply with.
Smart is a global fintech firm that offers recordkeeping platforms for...
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By ASPPA Net Staff 9/2/2021
ASPPA Connect will not be published on Labor Day; we will resume publication on Wednesday, Sept. 8. To note the holiday, here are some facts concerning it.
The first Labor Day holiday was celebrated on Tuesday, Sept. 5, 1882, in New York City, in accordance with the plans of the Central Labor...
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By ASPPA Net Staff 8/27/2021
A new report claims that nearly 40% of participants “do not fully understand and have difficulty using the fee information” mandated by the Labor Department—which, in turn, apparently has some issues with those recommendations.
In the report, “Many Participants Do Not Understand Fee Information,...
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By ASPPA Net Staff 8/27/2021
Do you know of an ASPPA member who has made a significant contribution to pension education, especially in the last 12 months? You can help make it possible for him or her to receive recognition! Nominations are now being accepted by the ASPPA Retirement Plan Academy Advisory Group for ASPPA’s...
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By ASPPA Net Staff 8/27/2021
Editor's Note: This is the fifteenth installment in a series concerning correcting plan loan failures.
Q. I am getting hung up on the old rules when only VCP could be used to correct loan failures and in order to do so there had to be employer action that caused the failure to repay the loan. Is...
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By ASPPA Net Staff 8/26/2021
With the gig economy apparently booming as Americans search for nontraditional employment, researchers at Mercer suggest that it’s time to give gig workers benefits.
The number of gig workers—defined as workers who are self-employed or independent—has grown exponentially in recent years and is...
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By ASPPA Net Staff 8/25/2021
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts.
ASPPA Webcast: Participant Loan Issues
Wednesday, Sept. 8, 2021
2:00-2:50 p.m. ET
Speaker: James C. Paul, Shareholder, Employee Benefits Law Group PC...
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By ASPPA Net Staff 8/25/2021
ASPPA traditionally offers access to a recording of a webcast (including both audio and visual portions of the presentation) approximately one week following the original live webcast presentation. These recordings are available for 1 year after the date of the original live webcast. Below is a...
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By ASPPA Net Staff 8/13/2021
While most expect their standard of living in retirement to be about the same, or a little better than it is now, one regret (still) looms large.
According to new research by American Century Investments, 40% worry about running out of money in retirement, and half that many (18%) are concerned...
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By ASPPA Net Staff 8/10/2021
Many organizations still do not have a formal health savings account (HSA) program, leaving it up to the employee to set up and manage the account themselves, according to the Plan Sponsor Council of America’s (PSCA) annual Health Savings Account (HSA) Survey sponsored by Empower Retirement. ...
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By ASPPA Net Staff 8/9/2021
While it slipped a bit at the end, July turned out to be another good month for the equity markets—and those average 401(k) balances?
Well, it turned out to be a good month for them as well, extending the gains that they’ve experienced in recent months. The S&P 500 notched its sixth...
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By ASPPA Net Staff 8/3/2021
The American Retirement Association and ASPPA will hold a joint annual business meeting on Sunday, October 17, 2021, from 4:20 p.m. to 5:00 p.m. Eastern during ASPPA Annual at the Gaylord National in National Harbor, MD.
The annual business meeting will include addresses by ARA President, Joe...
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By ASPPA Net Staff 7/27/2021
The White House has announced nine key nominations, including Lisa Gomez for Assistant Secretary for Employee Benefits Security, Department of Labor.
According to Reuters, Gomez is currently a partner at labor law firm Cohen, Weiss and Simon LLP where she represents employer and union pension...
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By ASPPA Net Staff 7/13/2021
The newest digital edition of ASPPA’s members-only magazine has just been posted online for you!
What do the initial months of the Biden administration tell us about its long-term impact on the retirement industry? In our cover story, the ARA’s Ted Godbout recaps the new administration’s first 100...
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