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Markets moved higher heading into the New Year, but participant transfers slipped to a historic low. According to the Alight Solutions 401(k) Index, January’s three “above-normal” trading days and one day of low trading activity marked the slowest start to the year in the more than 20-year history... READ MORE
In observance of Presidents Day on Monday, Feb. 18, the ASPPA offices will be closed. Accordingly, ASPPA Connect will not be published on Feb. 18. ASPPA Connect will reappear on Wednesday, Feb. 20. Everyone is familiar with the pantheon of U.S. presidents, but there is more to them than that they... READ MORE
In his First Quarter 2019 Washington Update, Robert Kaplan, the American Retirement Association’s Director of Technical Education, provided an overview of the new climate on Capitol Hill as well as recent regulatory developments affecting retirement plans. On the Hill With the changes that took... READ MORE
Retirees’ concerns about not having enough money to last through retirement may not be as grim as they had feared before retiring, according to a new study. In fact, more than two-thirds of retirees say they live as well or better in retirement as they did when they were working, according to the... READ MORE
Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns. Nearly 80% of American consumers are concerned about financial fraud, according... READ MORE
The IRS has issued a new version of Publication 575, “Pension and Annuity Income” for use in 2018 reporting. Publication 575 discusses the tax treatment of distributions received from pension and annuity plans and also shows how to report the income on a federal income tax return. How these... READ MORE
The IRS has updated the content in its 401(k) Plan Fix-It Guide that addresses what to do when hardship distributions were not made properly. The IRS makes recommendations regarding how to find and correct a mistake in providing hardship distributions. How to Find the Mistake Review your plan... READ MORE
The 100 largest corporate pension plans’ funded status improved in the first month of 2019, Milliman reports. In a recent analysis, Milliman says that its Milliman 100 Pension Funding Index shows that the funding of the 100 largest corporate pension plans improved by $19 billion in January. That... READ MORE
The IRS has issued a new version of Publication 560, “Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans)" for use in 2018 reporting. In addition to information about filing, Publication 560 contains information on the following: what type of plan to set up; how to set up a... READ MORE
Fee litigation trends and disclosure requirements have compelled plan sponsors to focus on how recordkeeping fees are allocated to participants, but beyond ERISA’s general fiduciary requirements, there is limited legal guidance, explains a new white paper. Under the Department of Labor’s fee... READ MORE

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