John Ortman

John Ortman

By John Ortman 10/24/2017 • 0 Comments

Where does the DOL’s fiduciary rule stand? What might we expect in the future? ERISA attorney Fred Reish provided an update on the former and shared his thoughts on the latter in an Oct. 24 workshop at the 2017 ASPPA Annual Conference. READ MORE

By John Ortman 10/23/2017 • 0 Comments

Todd Larson is the Chief Information Officer at Sentinel Benefits and Financial Group. What are the IT vulnerabilities that keep him up at night? READ MORE

By John Ortman 10/23/2017 • 0 Comments

Work on the Labor Department’s effort to expand, streamline and modernize the Form 5500 Series has been halted until a new head of the DOL’s Employee Benefits Security Administration (EBSA) is in place, according to ERISA attorney S. Derrin Watson. READ MORE

By John Ortman 10/23/2017 • 0 Comments

Bill Karbon, MSPA, CPC, QPA, will serve as President of the ASPPA College of Pension Actuaries (ACOPA) for the 2017-2018 year. He was inaugurated as President Oct. 23, at ACOPA’s annual actuarial luncheon at the ASPPA Annual Conference in National Harbor, MD. READ MORE

By John Ortman 10/20/2017 • 0 Comments

The American Society of Pension Professionals & Actuaries welcomed Adam C. Pozek, ERPA, QPA, QKA, as the 2018 President of the organization during the Oct. 22 Business Meeting that kicked off the 2017 ASPPA Annual Conference in National Harbor, MD. READ MORE

By John Ortman 10/20/2017 • 0 Comments

The American Society of Pension Professionals & Actuaries honored Joan A. Gucciardi, MSPA with the prestigious Harry T. Eidson Founders Award during the Oct. 22 opening session of the 2017 ASPPA Annual Conference in National Harbor, MD. READ MORE

Nevin Adams

Nevin Adams

By Nevin Adams 10/27/2017 • 0 Comments

It is all too common in human affairs to make choices that have “unforeseeable consequences.” READ MORE

By Nevin Adams 10/26/2017 • 0 Comments

President Trump may have thought his tweet would have ended the controversy over a proposed partial Rothification of 401(k)s — but that was Monday. READ MORE

By Nevin Adams 10/22/2017 • 0 Comments

In light of recent press reports regarding proposals involving tax reform and retirement savings incentives, the American Retirement Association has issued a set of retirement policy principles for tax reform. READ MORE

By Nevin Adams 10/11/2017 • 0 Comments

If you’ve never been part of ASPPA’s “March on the Hill” — or if you’ve done it a dozen times — there’s never been a time when your participation is more needed or more valued. READ MORE

By Nevin Adams 10/6/2017 • 0 Comments

Hundreds of votes are already in. Help us shape our advocacy agenda — and a general session focus at ASPPA Annual! READ MORE

By Nevin Adams 10/4/2017 • 0 Comments

Policy makers are asking for our ideas on solving coverage and benefit security challenges; we’d like your input through our unique voter tool. READ MORE

Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams10/22/2017 • 0 Comments

In recent days, there have been a number of reports about the potential for tax reform proposals to incorporate "Rothification" of 401(k)s -- a loss of, or reduction in, the amount of employee contributions allowed on a pre-tax basis -- perhaps capped at $2,400. How many savers would that impact? READ MORE

By Nevin Adams10/18/2017 • 0 Comments

The Department of Labor (DOL) continues to fight an attempt by at least one fiduciary rule opponent to pursue its case in court. READ MORE

By Nevin Adams10/13/2017 • 0 Comments

There’s an old saying that when you assume… well, here are six assumptions that can create real headaches for retirement plan fiduciaries. READ MORE

By Nevin Adams10/9/2017 • 0 Comments

Nearly 800 votes have already been cast. Don’t miss your chance to help shape ASPPA’s advocacy agenda — and a general session focus at ASPPA Annual! READ MORE

By Nevin Adams10/6/2017 • 0 Comments

If you’re still struggling to figure out how to reach Millennials (even if you are a Millennial), take heart — there’s (already) another generational cohort entering the workforce. READ MORE

Ted Godbout

Ted Godbout

By Ted Godbout10/30/2017 • 0 Comments

According to new research, the average account balance among consistent 401(k) participants at year-end 2015 was almost double the average account balance among all participants in the database. READ MORE

By Ted Godbout10/30/2017 • 0 Comments

The results of a new study make it clear that having access to a 401(k) plan is critical in helping workers get on a path to having a secure retirement. READ MORE

By Ted Godbout10/30/2017 • 0 Comments

If last week’s volley between President Trump and House Ways and Means Committee Chairman Kevin Brady (R-TX) over the potential Rothification of 401(k)s has you perplexed, rest assured, we should have some initial answers this week. READ MORE

By Ted Godbout10/27/2017 • 0 Comments

Pew Charitable Trusts has issued a new report on worker perspectives on barriers to saving and the results suggest, not surprisingly, that access to an employer-sponsored plan is key. READ MORE

By Ted Godbout10/27/2017 • 0 Comments

The GAO is recommending that Congress consider establishing an independent commission to examine the U.S. retirement system and offer recommendations to clarify key policy goals. READ MORE

By Ted Godbout10/23/2017 • 0 Comments

Previous regulatory actions by the Department of Labor have made open multiple employer plans a less attractive option for employers, but legislative fixes proposed by Congress could significantly improve the overall appeal of MEPs, a speaker explained at ASPPA’s 2017 Annual Conference. READ MORE

By Ted Godbout10/18/2017 • 0 Comments

Baby Boomers are exhibiting a stronger sense of financial preparedness and confidence, according to a recent study that explores generational perceptions of retirement readiness. READ MORE

By Ted Godbout10/13/2017 • 0 Comments

A series of structural and administrative changes to the Saver’s Credit would make the program less complex and more likely to achieve its intended goal of encouraging low- and moderate-income workers to save for retirement, according to a new report. READ MORE

By Ted Godbout10/11/2017 • 0 Comments

A published report says the Trump administration is prepared to nominate a new Assistant Secretary for the Department of Labor’s Employee Benefits Security Administration (EBSA). READ MORE

By Ted Godbout10/10/2017 • 0 Comments

A positive economic outlook and anticipated sales growth have small business owners considering increases in contributions to their retirement plans, says an annual survey. READ MORE

By Ted Godbout10/6/2017 • 0 Comments

Suggesting that it’s time to change the ROI conversation with respect to financial wellness programs, a recent paper contends that a more effective way to prove a program’s value is by measuring employee engagement. READ MORE

By Ted Godbout10/2/2017 • 0 Comments

To help plan sponsors insure their employees’ data is protected within their retirement plan, new best practices for reporting cybersecurity capabilities to plan sponsors and plan consultants have been developed by the SPARK Institute. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon10/26/2017 • 0 Comments

The Massachusetts legislature’s Joint Committee on State Administration and Regulatory Oversight has considered a bill that would set up a state-run MEP for private employers in the Bay State. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel10/30/2017 • 0 Comments

The California Secure Choice Retirement Savings Investment Board has issued a request for proposal for investment consulting services. READ MORE

By John Iekel10/30/2017 • 0 Comments

IRS Employee Plans examiners have been told to not challenge a qualified plan for failing to satisfy RMD standards under certain circumstances. READ MORE

By John Iekel10/30/2017 • 0 Comments

“All politics is local,” it has been said, and that principle holds for ERISA enforcement, too — at least according to an expert panel at the recent ASPPA Annual conference held in National Harbor, MD. READ MORE

By John Iekel10/27/2017 • 0 Comments

A recent blog entry points out that 401(k) loans may seem innocuous since a participant is taking money from his or her own account and repaying it to themselves, but they still entail risks and costs.
READ MORE

By John Iekel10/27/2017 • 0 Comments

The DOL means business regarding retirement plans’ compliance with applicable law and regulation, cautioned expert presenters at an Oct. 25 session of the ASPPA Annual Conference. READ MORE

By John Iekel10/24/2017 • 0 Comments

That’s a bit of wisdom more apropos for retirement plan professionals than they might have imagined even two months ago. Sudden events and rapid-fire regulatory guidance and adjustments have made recent months a challenge indeed, noted an expert panel at an Oct. 23 session at the 2017 ASPPA Annual Conference. READ MORE

By John Iekel10/24/2017 • 0 Comments

While 401(k)s are ubiquitous in the for-profit sector, 403(b)s and 457 plans rule the roost among non-profits. At an Oct. 24 session of the ASPPA Annual Conference, PenServ Plan Services, Inc. President Susan Diehl provided a glimpse into the world of 403(b)s. READ MORE

By John Iekel10/23/2017 • 0 Comments

“If you choose not to have a written document, you have voluntarily chosen to increase your risk.” Ilene Ferenczy, Managing Partner of the Ferenczy Benefits Law Center, at an Oct. 23 session of the ASPPA Annual Conference at National Harbor, MD, discussed the importance of service agreements and the protection they offer. READ MORE

By John Iekel10/23/2017 • 0 Comments

Tax reform, that is, and its potential to vex the retirement community and those it serves. With those words, American Retirement Association CEO and ASPPA Executive Director Brian Graff reminded attendees at ASPPA's 2017 Annual Conference at National Harbor, MD, that the matter is pressing. READ MORE

By John Iekel10/20/2017 • 0 Comments

The IRS on Oct. 19 announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. READ MORE

By John Iekel10/18/2017 • 0 Comments

The PBGC announced on Oct. 16 that it is launching a new pilot program that will offer mediation in certain Termination Liability Collection and Early Warning Program cases. READ MORE

By John Iekel10/17/2017 • 0 Comments

The IRS and the PBGC are providing relief from certain deadlines and requirements relevant to retirement plans for certain victims of the wildfires in California. READ MORE

By John Iekel10/13/2017 • 0 Comments

There have to be changes in the law, and “it needs to be done quickly,” argued former North Dakota Senator and Chairman of the Senate Budget Committee Kent Conrad at an Oct. 11 Bipartisan Policy Center event. READ MORE

By John Iekel10/13/2017 • 0 Comments

A recent paper discusses what happens when each party in a married couple claims Social Security benefits at a different age. READ MORE

By John Iekel10/11/2017 • 0 Comments

The IRS on Oct. 10 announced that it has issued two revenue procedures (Rev. Procs.) that update earlier revenue procedures that concern funding methods for pension plans. READ MORE

By John Iekel10/6/2017 • 0 Comments

A recent analysis goes a step beyond simple measurements and data and examines trends concerning pension plan underfunding. READ MORE

By John Iekel10/6/2017 • 0 Comments

When it comes to communicating with participants, meeting the letter of the rules and fulfilling the spirit behind them are not always the same thing. READ MORE

By John Iekel10/6/2017 • 0 Comments

The IRS Tax Exempt and Government Entities (TE/GE) Office has issued its fiscal year 2018 work plan, which includes actions that will affect plan applications as well as steps to ensure and improve compliance. READ MORE

By John Iekel10/5/2017 • 0 Comments

SEC Chairman Jay Clayton reiterated on Oct. 4 in testimony before the House Financial Services Committee that he is “focused on the standards of conduct” for investment professionals. READ MORE

By John Iekel10/4/2017 • 0 Comments

The IRS announced on Oct. 3 in Notice 2017-60 that it has updated the static mortality tables for defined benefit plans for 2018. READ MORE

By John Iekel10/2/2017 • 0 Comments

The Oregon Treasury has provided a report on the status of OregonSaves as it approaches full implementation; it now covers more than 2,000 employees. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo10/13/2017 • 0 Comments

Congressional action has included deliberations and discussions concerning a variety of measures and steps relevant to retirement plans and benefits. READ MORE

ASPPA Net Staff

ASPPA Net Staff

By ASPPA Net Staff10/31/2017 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) announced on Oct. 30 that the guarantee limits for single-employer plans that fail in 2018 will be 0.95% higher than the limits that applied for 2017. READ MORE

By ASPPA Net Staff10/30/2017 • 0 Comments

The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation. READ MORE

By ASPPA Net Staff10/27/2017 • 0 Comments

In a recent blog post on the fiduciary rule, Fred Reish notes that the fiduciary and best-interest standards of care, as well as the prohibited transaction rules, will have some unexpected effects. READ MORE

By ASPPA Net Staff10/27/2017 • 0 Comments

Remember that Oct. 27 is the last day on which one can register for all 2017 proctored exams. READ MORE

By ASPPA Net Staff10/26/2017 • 0 Comments

ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events. READ MORE

By ASPPA Net Staff10/26/2017 • 0 Comments

The 2017 ASPPA Annual Conference, held Oct. 22-25 at National Harbor, MD, just outside the nation’s capital, offered more than 75 workshop sessions, 5 general sessions, and nearly 50 vendors and service partners. And more... READ MORE

By ASPPA Net Staff10/20/2017 • 0 Comments

Today we are pleased to announce the winners of ASPPA’s first-ever Connect the Dots Contest. READ MORE

By ASPPA Net Staff10/20/2017 • 0 Comments

The winners in the 4th annual QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program have been named. READ MORE

By ASPPA Net Staff10/18/2017 • 0 Comments

The PBGC has set flat-rate and variable rate premiums for 2018. READ MORE

By ASPPA Net Staff10/18/2017 • 0 Comments

Seattle Mayor Tim Burgess sent legislation to the Seattle City Council on Oct. 10 that would establish the Seattle Retirement Savings Plan. READ MORE

By ASPPA Net Staff10/16/2017 • 0 Comments

A substantial number of retirees are spending more than they expected to on living expenses — and their confidence in being able to meet their lifestyle goals in retirement are taking a hit, says a recent study. READ MORE

By ASPPA Net Staff10/13/2017 • 0 Comments

The Social Security Administration (SSA) on Oct. 13 announced that the monthly Social Security and Supplemental Security Income (SSI) benefits will increase 2% in 2018. READ MORE

By ASPPA Net Staff10/13/2017 • 0 Comments

President Trump has officially announced his intent to nominate Preston Rutledge to be an Assistant Secretary of Labor, Employee Benefits Security Administration. READ MORE

By ASPPA Net Staff10/13/2017 • 0 Comments

The sixth riddle in the opportunity to win a complimentary registration to one of our conferences is here! READ MORE

By ASPPA Net Staff10/12/2017 • 0 Comments

The ERISA Industry Committee filed a lawsuit Oct. 12 against the Oregon Retirement Savings Board, saying that a provision of the state’s OregonSaves retirement program for private-sector employees obstructs ERISA. READ MORE

By ASPPA Net Staff10/12/2017 • 0 Comments

Corporate pension plans’ funded status improved in September, according to two recent studies. One of them, in fact, reports that they showed their strongest monthly gains of the year last month.  READ MORE

By ASPPA Net Staff10/11/2017 • 0 Comments

One of the fiduciary regulation’s most ardent supporters has expressed both concerns — and skepticism — that brokerage firms are shifting investors into account structures that result in higher costs. READ MORE

By ASPPA Net Staff10/11/2017 • 0 Comments

The latest issue of ASPPA’s Plan Consultant  magazine has been posted on ASPPA Net, featuring a cover story offering tips on how recordkeepers can take advantage of the growing presence of health savings accounts (HSAs) in the marketplace. READ MORE

By ASPPA Net Staff10/11/2017 • 0 Comments

Minneapolis-based 403(b) advisor Steven R. Berger, 44, was among the 58 people killed at the Route 91 Harvest Music Festival in Las Vegas on Sunday, Oct. 1. READ MORE

By ASPPA Net Staff10/6/2017 • 0 Comments

The fifth riddle in the opportunity to win a complimentary registration to one of our conferences is here! READ MORE

By ASPPA Net Staff10/5/2017 • 0 Comments

In a month that has traditionally been the worst for U.S. stocks, how did average 401(k) balances fare? READ MORE

By ASPPA Net Staff10/4/2017 • 0 Comments

A bipartisan group of U.S. Senators and Representatives on Oct. 3 announced that they are introducing legislation to protect the pensions of retired miners. READ MORE

By ASPPA Net Staff10/2/2017 • 0 Comments

The PBGC seeks to expand the ways single-employer plan administrators submit plan termination forms, and the ways plan sponsors can seek pre-filing consultations before filing for a distress termination. READ MORE

By ASPPA Net Staff10/2/2017 • 0 Comments

The PBGC announced on Sept. 29 that it has extended the hurricane relief that it announced on Sept. 12 for victims of Hurricane Irma. READ MORE

By ASPPA Net Staff10/2/2017 • 0 Comments

Tax reform could have an impact on retirement plans. But you can make your voice heard! READ MORE