Marty Pippins
By Marty Pippins 4/30/2020
Recent guidance clarifies that retirement contributions for unincorporated sole proprietors are excluded from payroll costs in calculating the maximum loan amount under the Paycheck Protection Program (PPP)—and so can’t be forgiven under the terms of that program.
Specifically, the Small Business...
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By Marty Pippins 4/8/2020
Last week the question arose as to whether retirement plan contributions for small businesses were covered under the CARES Act’s Paycheck Protection Program—now we have a definitive answer.
As was noted last week, Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of...
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By Marty Pippins 4/2/2020
Are retirement plan contributions for small businesses covered under the CARES Act’s Paycheck Protection Program?
Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 creates a Paycheck Protection Program (PPP)[1] to help small businesses affected by the COVID...
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By Marty Pippins 3/3/2020
I want to give you an update that ASEA is planning an exciting new initiative: a Virtual Conference.
As you might be aware, ASPPA hosts all-day Virtual Conferences in December and May. Each one provides 7.5 hours of CE credit. ASEA is planning on doing a mini-version of our own.
Right now, we are...
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By Marty Pippins 7/1/2019
On June 27, 2019, the Pension Benefit Guaranty Corporation (PBGC) published proposed regulations that cover a variety of corrections, clarifications and improvements. These are now open to public comment, with comments accepted up to Aug. 26, 2019. The ACOPA Government Affairs Committee will be...
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By Marty Pippins 5/28/2019
In a big win for ACOPA and the lobbying efforts of its members, the Pension Benefit Guaranty Corporation (PBGC) is expected to finalize a proposal that would allow employers to request coverage determinations prior to establishment of a plan, as part of a new formal process where the PBGC would...
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By Marty Pippins 9/12/2018
On Sept. 22-24, 2018, the President, President-elect and Executive Director of ACOPA will attend a meeting of the North American Actuarial Council (NAAC). NAAC consists of the Presidents and Presidents-elect of the five U.S. actuarial organizations, the Canadian Institute of Actuaries (CIA) and the...
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