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Words matter. Don’t think so? The publisher of a King James Bible in the 17th century who left out the word “not” in the commandment “thou shalt not commit adultery” and who suffered the consequences would beg to differ. And words matter in retirement plan communications as well, as recent analyses... READ MORE
The Department of Labor’s Employee Benefits Security Administration (EBSA) is responsible for overseeing millions of employee benefit plans, including investigating retirement plans when necessary. A recent blog entry examines what an employer should know about that. In Thompson Coburn LLP’s blog... READ MORE
Life has many lessons to teach us, some more painful than others – and some we’d just as soon be spared. But as graduates everywhere look ahead to the next chapter in their lives, it seems a good time to reflect on some lessons learned along the way. It’s handy to know at least a little about... READ MORE
Whether you are a Game of Thrones aficionado – or haven’t watched a single episode – there are lessons to be learned nonetheless. Not only are there fiduciary admonitions from the HBO series, it turns out there are words of wisdom for individual retirement savers as well. Check these out. “When... READ MORE
Oregon employers that do not comply with the rules of OregonSaves — the Beaver State’s state-sponsored retirement program — will face penalties starting next year. Gov. Kate Brown (D) has signed into law SB 164, a measure which provides that an employer found not to be in compliance will face... READ MORE
Cyber threats morph and evolve as quickly as the technology and data they compromise. Speakers at SPARK’s national conference in Falls Church, VA suggested ways to protect against them. Evolving Challenges Wendy Young Carter, a VP and Defined Contribution Director, Public Sector at Segal Group,... READ MORE
Following House passage of the bipartisan SECURE Act last month, it looked like the legislation was headed for quick enactment. Since then, however, the realities of the Senate’s legislative process appear to have taken over.    A quick recap from where we last left off: On May 23, the House... READ MORE
A large majority of individuals say they are comfortable financially, but many also report that they are struggling to save for retirement, according to the Federal Reserve Board. It its latest “Report on the Economic Well-Being of U.S. Households,” the Fed found that most measures of economic... READ MORE
The Department of Labor (DOL) is preparing to act on a variety of issues relevant to retirement plans and participants, according to a department official who offered an outline at a June 5 session of the SPARK national conference held in Falls Church, VA. Jeanne Klinefelter Wilson, Deputy... READ MORE
Apparently education expenses are not only weighing on retirement contributions, but triggering early withdrawals as well. According to the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors, three out of five young (under age 34) investors have made an... READ MORE
The U.S. Supreme Court will, once again, take up the issue of where, and how, to draw the line between the obligations of corporate officials and ERISA plan fiduciaries. Specifically, the Supreme Court has now decided (Ret. Plans Comm. of IBM v. Jander, U.S., No. 18-1165, certiorari granted 6/3/19... READ MORE
The workforce, like the economy, is changing rapidly. That has implications in many areas, including retirement savings and retirement plan coverage. A June 4 session at the SPARK National Conference held in Falls Church, VA discussed some of those circumstances and how they may be addressed. John... READ MORE
There are many moving pieces and factors to keep track of regarding retirement plans and individual accounts. But two recent blog entries remind that despite the multiplicity of concerns and duties, it’s also important to keep one’s eyes on the ultimate prize and not forget the ultimate reason for... READ MORE
It’s often said that “if at first you don’t succeed, try, try again.” But that didn’t work for the plaintiffs in a suit challenging the use of a money market fund, rather than a stable value option. The plaintiffs here have been “trying” since February 2016, when they, represented by the St. Louis... READ MORE
To help alleviate a perceived crisis of confidence among participants, retirement plan providers should rethink their approach when it comes to both digital tools and human advisors, a new report suggests.  According to J.D. Power’s 2019 U.S. Retirement Plan Participant Satisfaction Study, now in... READ MORE
I was late to the Game of Thrones – and though its final season seems a bit “rushed” – there has been plenty to not only watch, but mull over in its eight-season run. And yet, as the series wound to a close, I kept thinking there were some lessons for retirement amidst the mayhem. ‘A man’s gotta... READ MORE
The Congressional Budget Office (CBO) says the Social Security Trust Fund is in danger of running dry. That is, unless something is done to forestall that – and the CBO has come up with some ideas to do that. In “How Changing Social Security Could Affect Beneficiaries and the System's Finances,”... READ MORE
For those who thought the notion of a financial transaction tax might be a passing fad, guess again. Presidential aspirant Sen. Bernie Sanders (I-VT) and Rep. Barbara Lee (D-CA) have just introduced the Inclusive Prosperity Act of 2019, along with Sen. Kirsten Gillibrand (D-NY) (also a... READ MORE
It’s not exactly news that Americans are nervous about their retirement prospects – but a new study finds that a couple of key demographic groups are especially anxious. The 2018 Protected Lifetime Income Index study, “The Clock is Ticking: Generation X and the challenge of retirement readiness,” ... READ MORE
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events. Live Webcasts  ASPPA Webcast: Late Deferral/Loan Deposits and Form 5330Thursday, June 6, 2019 2:00–2:50 p.m. ET Speaker: Kristina Kananen, QPA QKA,... READ MORE

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