ASPPA Net Staff
By ASPPA Net Staff 2/17/2021
The weather outside might be frightful—but we’ve got a new (warm) place for you to hang out.
Next week (Thursday, Feb. 25, 5:30 pm ET) we’re launching our new membership series—ARA Fireside Chats!
We’re kicking things off with a bang—as ARA CEO Brian Graff sits down (virtually) with ARA President...
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By ASPPA Net Staff 2/10/2021
Editor's Note: This is the thirteenth installment in a series concerning correcting plan loan failures.
Q. Beginning in July 2018, payments for an existing loan continued to be withheld from pay, but were not remitted to a trust account. A Form 1099-R was issued in January 2019 on the “defaulted...
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By ASPPA Net Staff 2/5/2021
In its Wednesday, Feb. 10 edition, ASPPA Connect will unveil a new look!
The redesign will feature graphics intended to accent and highlight content. It also will provide enhanced access to the wealth of content available on ASPPA Net.
And along with the new look, ASPPA Connect will continue to...
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By ASPPA Net Staff 1/29/2021
Editor's Note: This is the twelfth installment in a series concerning correcting plan loan failures.
Q. If an employee has terminated and has a loan balance and remaining funds in the plan but has not initiated a distribution of their plan, should the balance of the loan be offset or considered a...
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By ASPPA Net Staff 1/20/2021
President Biden will sign executive orders today that will, among other things, press for a review of the Labor Department’s recent ruling on ESG investments.
The widely anticipated executive orders—more than a dozen—are said to direct[i] nearly 100 agency actions aimed at unraveling President...
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By ASPPA Net Staff 1/19/2021
Editor's Note: This is the eleventh installment in a series concerning correcting plan loan failures.
Q. What about loans to seasonal employees who are off from May 15 to Oct. 15 every year?
A. This issue has been posed to the IRS and they have never provided any exceptions for seasonal...
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By ASPPA Net Staff 1/19/2021
The digital version of the latest issue of Plan Consultant is now available online.
The cover story is a recap of the 2020 ASPPA All Access virtual conference, delivered online over the course of three weeks in October and November.
The event captured the tenor of our time, presenting...
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By ASPPA Net Staff 1/15/2021
ASPPA Connect will not be appearing on Monday, Jan. 18 as ASPPA’s offices will be closed in observance of Martin Luther King, Jr. Day. Our next edition will next appear on Jan. 20.
To mark the day, the “I Have a Dream” speech Dr. King delivered in Washington in 1963 is available here.
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By ASPPA Net Staff 1/13/2021
The U.S. Department of Labor’s Employee Benefits Security Administration has provided some guidance related to locating and distributing benefits to “missing or nonresponsive participants.”
According to Principal Deputy Assistant Secretary of Labor for the Employee Benefits Security Administration...
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By ASPPA Net Staff 1/11/2021
The American Retirement Association today announces some key reassignments among its senior management team.
Allison Wielobob, General Counsel of the American Retirement Association, will take on the additional role of Executive Director of the American Society of Enrolled Actuaries (ASEA),...
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By ASPPA Net Staff 1/8/2021
A November White House Executive Order banning investment in companies that finance Chinese military companies could trigger some changes in retirement plan investments—beginning next week.
The Nov. 12 Executive Order signed by President Trump banned U.S. citizens from engaging in transactions in...
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By ASPPA Net Staff 1/6/2021
PCS Retirement, LLC has announced the acquisition of Alliance Benefit Group–Rocky Mountain (ABGRM).
PCS Retirement partners with financial advisors and TPAs to provide recordkeeping services to more than 19,000 plans with 850,000 eligible participants representing over $26 billion in assets under...
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By ASPPA Net Staff 1/6/2021
Yes, 2020 is in the books—but we’ve extended the reporting deadline—and there’s no time like the present to make sure you’ve gotten all the CE you need for your hard-earned credential and membership in ASPPA.
You can check it out using our online tracking tool—and you can even self-report...
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By ASPPA Net Staff 1/6/2021
While 2020 proved to be a volatile one for U.S. stock markets, it also proved to be record-breaking—and that bodes well for the average 401(k) balance.
That’s right—after plunging into a bear market earlier in the year by the end of 2020, the S&P 500 climbed 16.3% to end the year at a record,...
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By ASPPA Net Staff 1/6/2021
With one of Georgia’s two U.S. Senate races called so far, Democrats are now just one seat away from control of that chamber.
Democrat Raphael Warnock has been projected to win Georgia’s U.S. Senate runoff election against Sen. Kelly Loeffler (R), who was appointed to the seat in December 2019 to...
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By ASPPA Net Staff 1/5/2021
SageView Advisory Group has announced a strategic investment from Aquiline Capital Partners, which also owns Ascensus.
According to a press release, Randy Long, SageView’s Founder and Managing Principal, and Jon Upham, Principal, will retain a significant equity stake and continue to lead the...
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By ASPPA Net Staff 1/4/2021
There is a lot to unpack in the recently passed COVID relief legislation, but the most significant element for plan sponsors impacted by the COVID-19 pandemic may well be the “temporary rule preventing partial plan termination.” Here’s what it means for you—and your plan sponsor clients.
What is a...
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By ASPPA Net Staff 12/30/2020
The Securities and Exchange Commission has announced that President Donald J. Trump has designated SEC Commissioner Elad L. Roisman as Acting Chairman of the agency.
He steps into the role vacated by Jay Clayton, who had previously announced his intention to conclude his tenure at the end of this...
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By ASPPA Net Staff 12/30/2020
ASPPA Connect will not appear on Friday, Jan. 1, as the ASPPA office will be closed that day. We’ll be back on Monday, Jan. 4. We wish you happy new year, and offer some little-known facts concerning New Year’s Day.
The Babylonians were the first to celebrate the start of the new year, doing so 4,...
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By ASPPA Net Staff 12/28/2020
After a weekend of pundit “drama” worrying about what he’d do (or not), President Trump has signed the controversial $900 billion COVID relief bill, though that may not be the last word on the subject.
“I will sign the Omnibus and COVID package with a strong message that makes clear to Congress...
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