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By Nevin Adams8/18/2014 • 0 Comments

How can the fiduciaries of terminated DC plans fulfill their obligations under ERISA to locate missing participants and properly distribute the participants’ account balances? That’s a question the DOL answered in a Field Assistance Bulletin released Aug. 14.

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By ASPPA Net Staff8/18/2014 • 0 Comments

The ASPPA College of Pension Actuaries (ACOPA) honored Cynthia A. Groszkiewicz, MSPA, FCA, MAAA, with the 2014 Edward E. Burrows Distinguished Achievement Award on Aug. 16 at the ACOPA Actuarial Symposium in Chicago. 

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By Nevin Adams8/18/2014 • 0 Comments

The SEC on Aug. 11 announced securities fraud charges against the state of Kansas, claiming that the state failed to disclose that the state’s pension system was significantly underfunded, and that the unfunded pension liability created a repayment risk for investors in those bonds.


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By John Iekel 8/18/2014 • 0 Comments

Fidelity has changed the way it manages its 401(k) plan. That took some convincing — it had been sued by 29 current and former employees on behalf of 50,000 of their peers over conflicts of interest in its plan.

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By Andrew Remo8/14/2014 • 0 Comments

The Joint Committee on Taxation (JCT), the congressional scorekeeper of tax legislation, on Aug. 5 issued its latest estimates of the increasing costs of the tax incentives for retirement savings. The numbers are eye-popping. 

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By John Iekel 8/14/2014 • 0 Comments

New Jersey Gov. Chris Christie (R) and Maryland Gov. Martin O’Malley (D) have named members to the commissions they have established to make retirement savings secure. ASPPA members are among those they have named to the groups.

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By John Iekel 8/14/2014 • 0 Comments

ASPPA and ACOPA, in an Aug. 13 letter to Robert Choi, Director, Employee Plans at the IRS, have requested guidance regarding the application of the funding stabilization provisions in section 2003 of the Highway and Transportation Funding Act of 2014 (HTFA) to plan years beginning in 2013 and 2014.

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