Advertisement
News
In 2013, I responded to an ad on our beloved ACOPA discussion board to volunteer for the EA2-L Exam Writer’s committee. For those who don’t know, EA2-L is what I like to call the “everything but the funding law” exam. It is an incredible way to remain sharp on topics that you might see day-to-day...
READ MORE
This column is to update ACOPA members on the view of progress from the President of ACOPA.
Much ACOPA leadership time in recent months has been spent on responding to September 2018 actions of the American Academy of Actuaries. To briefly review, the Academy voted to remove ACOPA and the...
READ MORE
Recently, many of our colleagues have received inquiries about “401(h) plans.” A 401(h) is not a type of plan but rather an ancillary benefit of a defined benefit plan. A 401(h) account provides a highly efficient way to fund retiree health benefits. Contributions to the account are tax-deductible...
READ MORE
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), has launched a new and innovative education program and credential: the Certified Plan Sponsor Professional (CPSP™).
Developed by plan sponsors in collaboration with education experts at ARA and some of...
READ MORE
The leaders of the Senate Finance Committee, Chairman Charles Grassley (R-IA) and Ranking Member Ron Wyden (D-OR), have introduced the Retirement Enhancement and Savings Act (RESA) once again.
The Senate action comes as members of the House Ways & Means Committee are poised to pass its own...
READ MORE
Concluding that “DOL’s Final Rule stretches the definition of ‘employer’ beyond what ERISA’s text and purpose will bear,” a federal judge has thrown the Labor Department’s association health plan rule for a loss.
The association health plan (AHP) rule, finalized last June, claimed to make...
READ MORE
A federal appeals court has affirmed summary judgment in a class action suit involving 270,000 plan participants across more than 13,000 plans.
The suit was filed in 2015 by plaintiff John Teets, a participant in the Farmers’ Rice Cooperative 401(k) Savings Plan, which had contracted with Great-...
READ MORE
The parties in one of the oldest excessive fee suits have finally come to terms.
Those parties – Tussey v. ABB – settled for $55 million which, if approved by a federal judge, would bring to conclusion litigation that was filed in 2005 by Schlichter Bogard & Denton.
The suit had alleged that...
READ MORE
While noting that the case “presents novel legal questions concerning state-mandated retirement savings accounts,” and “implicates a significant body of judicial and regulatory interpretations of ERISA,” a federal judge has ruled – for the moment – that California’s state-run auto IRA retirement...
READ MORE
Key members of Congress have introduced separate legislation to revamp the Internal Revenue Service as well and to make it easier for small businesses to offer retirement benefits.
Taxpayer First Act of 2019
House Ways & Means Oversight Subcommittee Chairman John Lewis (D-GA), Ranking Member...
READ MORE