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At first blush, many in the industry assumed that the Department of Labor’s proposed rules expanding access to multiple employer retirement plans would include allowing for open MEPs by unrelated employers. The idea hasn’t gone away, but it’s not included in the current DOL proposal.
Issued in...
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The Department of Labor announced Oct. 29 that it has published employee benefit plan compliance guidance and relief for victims of recent Hurricanes Florence and Michael.
The relief includes easing of enforcement concerning the rules governing plan loans and distributions, as well as relief...
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Just because you can doesn’t mean you should — a premise at the heart of an Oct. 24 session at the 2018 ASPPA Annual Conference that argued for caution in plan design changes, including student loan assistance programs.
Plan designs can cause difficulties for administrators, employers and third...
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While workers are now more secure in their retirement preparations than before the Great Recession, they still face a number of shortcomings, says a new report.
The Transamerica Center for Retirement Studies report, “A Retirement Security Retrospective: 2007 Versus 2017” illustrates the resilience...
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The 1,100-plus attendees at this year’s ASPPA Annual Conference, held Oct. 21-25 at National Harbor, MD, were treated to four days of beautiful Washington, DC fall weather – weather that tempted them away from the jam-packed program agenda, networking opportunities and camaraderie that have been...
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Compliance can be a challenge for any employee benefit plan. But throw in additional factors and it can be even more complex. In an Oct. 24 session at ASPPA’s Annual Conference, Susan Diehl, President of PenServ Plan Services, Inc., looked at just such complications: status as church, governmental...
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While some studies show that health savings accounts continue to struggle to gain traction, a new analysis finds encouraging signs for future financial wellness for individuals the longer they have and contribute to an HSA.
The Employee Benefit Research Institute’s updated analysis, “Health...
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A federal grand jury in Texas has indicted Jeffrey and Wendy Richie on claims that they stole $14.5 million from at least 1,000 plan participants in at least 20 retirement plans.
The Richies – Jeffrey, the President and CEO of Vantage Benefits Administrators Inc., and Wendy, VP of Administration...
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Is the glass half full or half empty? When it comes to retirement policy, in Washington it’s a little of both, according to government representatives who spoke at an Oct. 23 general session at ASPPA’s Annual Conference.
PBGC Insurance
“It’s not all bad news,” said Pension Benefit Guaranty...
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Internal culture, and how central it is to training and performance, was the focus of an Oct. 23 session of the 2018 ASPPA Annual Conference led by JJ McKinney, Chief Operations Officer at Retirement Strategies, Inc.
Culture is not about how an employer markets itself. “The culture has to be...
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