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Single-premium pension buy-outs broke $6 billion in the third quarter of 2018, says a recent report, less than in the second quarter but still the second highest third quarter sales figure in the last 15 years. The LIMRA Secure Retirement Institute reports that in the third quarter of 2018, pension... READ MORE
The American Retirement Association (ARA) in a Dec. 11 letter to Acting IRS Commissioner David Horton has made suggestions regarding the Employee Plans Compliance Resolution System (EPCRS). Namely, the ARA has suggested that the IRS provide additional examples of “significant” and “insignificant”... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) on Dec. 12 issued a final rule amending its regulation on allocation of assets in single-employer plans by substituting a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary... READ MORE
After seeing their earlier proposal come under attack, House Republican leaders have revised their end-of-year tax and retirement savings legislative package, and carried forward key provisions from the Retirement Enhancement and Savings Act (RESA). Beyond that, the revised package seeks to... READ MORE
As the 401(k) commemorates its 40th anniversary, new research finds a record-setting pace for retirement plan savings. According to the 61stAnnual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), employers... READ MORE
Dec. 31 is the deadline for most retirees who must make required minimum distributions (RMDs) from 401(k), 403(b) and 457(b) and other retirement plans and IRAs. The IRS has issued a reminder, which applies to many retirees born before July 1, 1948, regarding the looming deadline in IR-2018-248.... READ MORE
Managing participant data effectively is efficient, but it’s also more than that. Recent blog entries argue that it also provides a way to meet fiduciary responsibilities and address the problem of missing participants — if not obviate it in the first place. It’s not hard to get into that position... READ MORE
Will the 115th Congress act on a broad tax and retirement savings package before adjourning? It looks like we’ll have to wait a little longer to find out. Following the memorial events following the death of President George H.W. Bush, lawmakers approved a two-week funding extension on Dec. 6 to... READ MORE
As you probably know, the 5th U.S. Circuit Court of Appeals threw out the Department of Labor’s (DOL) Fiduciary Rule. While the decision left no doubt, the consequences are not well understood. To grasp the full impact of the court’s decision, it’s important to distinguish between non-... READ MORE
The IRS has issued the required amendments (RA) list for qualified retirement plans for 2018. The IRS made the announcement — and said that there are no entries listing changes in qualification requirements on the 2018 RA List — in Notice 2018-91. Section 5 of Revenue Procedure 2016-37, 2016-29 I.R... READ MORE