ASPPA Net Staff

Another state-run IRA program for private sector workers is in the making. Pennsylvania’s Keystone Saves program will be phased in over four years; the first two years are set aside for Treasury to set up the program, including an RFP process, and to implement a voluntary pilot.  Employers with... READ MORE

Industry insiders Pete Swisher and Jason Roberts have teamed up to create Group Plan Systems (GPS), the duo announced Nov. 30.  The new firm’s capabilities include serving as a Pooled Plan Provider (PPP) for Pooled Employer Plans (PEPs) and as a named fiduciary on group and individual plans, as... READ MORE

Under Revenue Procedure 2021-38, issued Sept. 1, the interim amendment deadline is no longer determined with reference to Section 401(b), and, accordingly, an employer’s tax-filing deadline is no longer relevant in determining the date by which an interim amendment must be adopted, the IRS explains... READ MORE

To coincide with the annual acknowledgement of 401(k) Day (the Friday after Labor Day), the Plan Sponsor Council of America (PSCA) has launched a new campaign to help plan participants focus on their finances in a fun and engaging way.  The Friday after Labor Day (September 10) has been designated... READ MORE

The Department of Labor (DOL) wants everyone to be attentive to cybersecurity protocols as a fiduciary responsibility, but there’s a higher expectation for those “running the systems.” Tim Hauser, Deputy Assistant Secretary for National Office Operations at the DOL’s Employee Benefits Security... READ MORE

In what has, by any measure, been an extraordinary year for ASPPA members, it’s time to make sure your membership is current.  Your membership expires Dec. 31, 2020. Renew now so that we can continue to provide the resources you need to support your professional development, your practice, and... READ MORE

September has traditionally been a rough month for the markets—and this one was no exception. But there’s still good news for those Q3 statements.   The Dow closed September down 2.3%, the S&P 500 was off 3.9% for the month, and the NASDAQ posted a sharp 5.2% decline.  Indeed, according to... READ MORE

Editor's Note: This is the seventh installment in a series concerning correcting plan loan failures.  Q. May a plan's loan program be limited to active employees (i.e., does not allow a former employee that is a party-in-interest to request a loan)?   A. A participant loan is a prohibited... READ MORE

The trend of recordkeeper consolidation continues amidst the COVID-19 pandemic. EdgeCo Holdings, L.P. has entered into a definitive agreement with Unified Trust Company, N.A. to become part of its subsidiary, American Trust Company. Unified Trust is a national retirement plan provider and... READ MORE