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So, how – or did – the volatility in the markets affect participant activity in 2018? Not very much, according to a new report. In fact, defined contribution plan participants pretty much kept on doing what they were doing, according to “Defined Contribution Plan Participants’ Activities, 2018” ... READ MORE
Attendees at the recent Plan Sponsor Council of America’s (PSCA) National Conference in Tampa got a sneak peek at the findings of the PSCA’s Inaugural Health Savings Account Survey. The general session panel – Kenneth Forsythe, Head of Product Strategy at Empower; and Glen Kvadus, VP at Optum... READ MORE
What type of “collar” one wears at work — that is, what sector one’s job is in and what type of work one does — affects mortality and therefore retirement plan liability, says a recent study. The data is contained in an exposure draft of a report by the Society of Actuaries (SOA) concerning its... READ MORE
The Internal Revenue Service has announced updated deduction limits for high deductible health plans. For calendar year 2020, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,550, up $50 from the 2019... READ MORE
Hello ACOPA– Somehow, paying out terminated vested benefits has become my main (and bane of my) existence recently. From preparation of an increasing number of ben apps from a larger pool of clients and participants, to keeping track of who received 30-day notices before forcing out, to the... READ MORE
Join us at the 2019 ACOPA Actuarial Symposium, Aug. 9-10. Chicago is an easy destination for most, and offers beautiful weather in August. Earn continuing education, most of which is specifically related to your practice. Topics include: A close look at IRC 404 and 430 IRC 436 tips and traps... READ MORE
Where are you from/where do you live now? Dallas/Georgia.   What was your first job in the field? Coopers & Lybrand in Chicago.   Favorite actuarial moment? Receiving my FSPA.   Volunteer activities through the years? Writing up information for 401(a)(26).   Any advice you’d give... READ MORE
In a big win for ACOPA and the lobbying efforts of its members, the Pension Benefit Guaranty Corporation (PBGC) is expected to finalize a proposal that would allow employers to request coverage determinations prior to establishment of a plan, as part of a new formal process where the PBGC would... READ MORE
I hope to see as many ACOPA members as possible at the Actuarial Symposium in Chicago on August 9 and 10. Chicago is a great location for an event in summer time – any free time can be spent outside! For the past several years, attendance has been increasing and we are hoping to improve over last... READ MORE
First the Labor Department announced a target for a fiduciary rule redo – and now the Securities and Exchange Commission has announced a review of its Regulation Best Interest. The SEC has announced a meeting on June 5 where it “…will consider whether to adopt a new rule to establish a standard of... READ MORE
We won’t be bringing you an ASPPA Connect newsletter on Monday due to the observance of Memorial Day, but we would like to share some little-known facts related to the holiday. Arlington National Cemetery is located in Arlington, VA on the estate that had belonged to Robert E. Lee and his wife,... READ MORE
Absolute security is never assured. But one can take steps to increase the odds in one’s favor, and that includes retirement plans and preparing for a financially secure retirement. Jack VanDerhei, Research Director at the Employee Benefit Research Institute (EBRA), speaking at the recent Plan... READ MORE
The federal government’s updated Spring 2019 unified regulatory agenda sheds some light on prospects for the Department of Labor’s next steps on a fiduciary rule revamp.  The DOL’s updated regulatory agenda confirms that the agency has set a target date of December 2019 to issue a Notice of... READ MORE
UPDATED MAY 24 AT 9:30 A.M. ET One of the most consequential pieces of retirement security legislation in more than a decade has been approved overwhelmingly by the U.S. House of Representatives.    In a May 23 House floor debate that featured much praise and few objections, the Setting Every... READ MORE
The fire and ice of dragons in winter – the stuff of mythology. But even the seemingly commonplace can incorporate a dash of mythology as well, as a speaker at the recent Plan Sponsor Council of America (PSCA) annual conference outlined – concerning, of all things, DC plans. In “Defined... READ MORE
The House of Representatives is moving forward with its promise to approve the Setting Every Community Up for Retirement Enhancement (SECURE) Act during the month of May. On May 21, the House approved on a party-line vote the so-called “rule” for the SECURE Act (H.R. 1994) – a key procedural... READ MORE
Bipartisan legislation to create a new federal commission that would study and recommend ways to improve Americans’ retirement security has been reintroduced in the Senate. The Federal Retirement Commission Act, reintroduced May 14 by Sens. Todd Young (R-IN) and Cory Booker (D-NJ), would charge... READ MORE
Accumulation of retirement savings seems pretty cut-and-dried, although it certainly can be complicated. And then there’s decumulation, which a recent blog entry argues is equally important yet is largely under the radar screen. In “A Closer Look: Decumulation Confusion” Cammack Retirement’s... READ MORE
Mothers give us a lot, not the least of which is life itself. But as I was reading through all the accolades on social media over the weekend, I couldn’t help but be reminded of all my mother gave me. As is the case in many families, “Mom” was our family’s CFO. See, like many in his generation, my... READ MORE
Perhaps consensus is a part of who we are as a people. But voices offering new ideas that challenge accepted mindsets are also part of who we are. And that applies to the discussion concerning retirement savings and preparedness as much as it does for anything else. There was lively debate in the... READ MORE