John Iekel

The Pension Benefit Guaranty Corporation (PBGC) is seeking the approval of the Office of Management and Budget (OMB) on two modifications of methods of collecting information.  Reportable Events The PBGC seeks OMB approval of modifications to two forms by which it is informed about reportable... READ MORE

CalSavers, the retirement plan the state of California provides for employees whose employers do not provide one, grew like gardens in many areas in April and May. The growth in some respects was a bit more robust than that in March. The CalSavers Retirement Savings Board reports that the number... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) should strengthen its acquisition planning in order to better support its actuarial support services, says the Office of the Inspector General (OIG) in a recent report. The PBGC’s Actuarial Services and Technology Department (ASTD) relies on actuarial... READ MORE

The next deadline for registration with CalSavers, the state-run retirement plan for employees whose employers don’t offer one, is coming soon. Employers with 51-100 employers that do not offer a plan have until June 30 to register.   CalSavers was launched on July 1, 2019. Employers in California... READ MORE

The Securing a Strong Retirement Act (SSRA)—a.k.a. SECURE 2.0—is wending its way through Capitol Hill. The measure contains a wide range of provisions that would affect retirement saving, plans and participants. A recent Plan Sponsor Council of America (PSCA) webinar zeroed in on some key... READ MORE

Editor’s Note: This is the fifth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here; the fourth is here.  The Department of Labor’s Employee... READ MORE

Sometimes too much of a good thing is…too much. And that’s the case when a participant is overpaid. A recent blog entry discusses the importance of having a process for recovering those overpayments.   In “Recovering Retirement Plan Overpayments: Process Is Key,” Eric Gregory, an Employee Benefits... READ MORE

Editor’s Note: This is the first of a four-part series concerning a recent ASPPA webinar by Kelsey Mayo, ASEA Director of Regulatory Policy and Partner at Poyner & Spruill LLP, in which she took a look at the basics about plan freezes and terminations in the context of current circumstances and... READ MORE

Decumulation—spending down retirement savings—is, of course, ultimately the end result of a lifetime of saving for retirement. But how that is done can be an issue; a recent blog entry argues that education and how automatic features are used are key to responsible withdrawals.  In “Withdrawing... READ MORE