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Allison Wielobob

Born out of the shared desire to mentor aspiring enrolled actuaries (EAs), ASEA launched the ASEA Academy earlier this month.  The ASEA Academy was the brainchild of ASEA members interested in mentoring actuarial students, supporting them in exam prep, and hopefully one day welcoming them to the... READ MORE
In our comment letter submitted to the Department of Labor (DOL) on Jan. 2, 2024, the American Retirement Association (ARA) expressed support for—yet specific issues with—the department’s proposed definition of “fiduciary investment advice” and amendments to PTE 2020-02.​ The rulemaking package,... READ MORE
On Nov. 3, the Department of Labor published its proposal to (1) redefine an “investment advice fiduciary” under ERISA and (2) also modify the prohibited transaction exemptions available to such fiduciaries. That is, the proposal would (1) change who is an ERISA fiduciary and (2) the conditions... READ MORE
The American Retirement Association, on behalf of its five retirement industry associations, regularly engages with Federal and State regulators through correspondence on regulatory projects that impact our membership. This engagement enables ARA to detail its policy positions to the regulators and... READ MORE
Until recently, ERISA seldom appeared in national headlines—let alone the Speaker of the House making an Instagram video about it. But many Members of Congress have proclaimed that the new Department of Labor (DOL) prudence regulation allows investment managers for ERISA plans to “push a political... READ MORE
Until recently, the federal law governing most private retirement was seldom a subject of national headlines—let alone the subject of an Instagram reel by the Speaker of the House.    But Speaker Kevin McCarthy and others have proclaimed that it now allows investment managers for many workplace... READ MORE
Just when you thought the rules around COVID-19 distributions couldn’t get any more complicated… For many households, “COVID-19 distributions” from qualified plans and IRAs may be a welcome backstop against financial challenges of the Coronavirus pandemic. The general rule is that a COVID-19... READ MORE
In Revenue Ruling 2019-19, the IRS takes up three foundational questions about what happens when a qualified plan mails a distribution check, but the check is not (yet) cashed. It addresses whether the uncashed check is gross income and whether failure to cash the check affects the withholding... READ MORE
The Silver State managed to overlook the long history of ERISA preemption in its recent draft fiduciary regulations. Once again, the American Retirement Association has brought this to their attention. The comments came in response to draft regulations issue in mid-January by Nevada’s Office of... READ MORE