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Editor's Note: This is the eighth installment in a series concerning correcting plan loan failures.  Q. Could an employer deposit the 15% excise tax to participants in the plan rather than send a tiny check to IRS?  A. If you file under the Department of Labor’s Voluntary Fiduciary Correction... READ MORE
Actually, there may be more than one… In a year unlike any in recent memory, 2020 has brought with it an extraordinary amount of change and challenges. But there’s an easy way to get a jump on 2021, and close out 2020 on a strong note—but the “window” to do so is closing… You can get plugged in... READ MORE
The recordkeeping business continues to consolidate, with the Sept. 8 announcement of a definitive agreement for Empower to acquire the MassMutual retirement plan business.  According to a press release, the acquisition will “capitalize on both firms’ expertise, provide technological excellence... READ MORE
The Plan Sponsor Council of America (PSCA) has unveiled a new education campaign focused on emphasizing the importance of keeping beneficiary designations up to date.   Unveiled in time for 401(k) Day—the Friday after Labor Day (the anniversary of ERISA’s signing)—the campaign is designed to help... READ MORE
We’re gearing up for ASPPA All-Access—and whether you’ve signed up or not, we’d like to know what’s on your mind right now…   We’re all having to do different things in different ways from different places—and some familiar things in different ways as well. We’d barely begun to absorb the... READ MORE
More than half of employers (51.5%) now position the health savings account (HSA) as a retirement savings vehicle, according to the Plan Sponsor Council of America’s (PSCA) second annual HSA benchmarking survey, sponsored by Empower Retirement, reinforcing the notion that HSAs can be a powerful... READ MORE
The deadline to take advantage of certain relief provided by the IRS to plan participants and plan sponsors in the wake of the COVID-19 pandemic is approaching quickly.     The deadline for workplace retirement plan participants, IRA owners or their beneficiaries who received a required minimum... READ MORE
A new white paper finds that use of fixed income options in 401(k) plans has not kept pace with workplace trends.   Traditionally, fixed income investments have been used to reduce a portfolio’s overall volatility to an acceptable level without significantly reducing returns—but that objective... READ MORE
Please join us for the American Society of Enrolled Actuaries (ASEA) annual business meeting, virtually, on Aug. 20 from 3:15-3:45 p.m. ET.  During the meeting, led by ASEA President Lauren Okum, MSEA, we’ll discuss:  Leadership election results  Review of ASEA bylaws Webcasts and ASEA... READ MORE
The American Retirement Association and ASPPA will hold a joint annual business meeting on Monday, October 26, 2020, from 12:30 p.m. to 1:00 p.m. Eastern during ASPPA2020 – All Access.   The annual business meeting will include addresses by ARA President Kyla Keck, CPC, QPA, QKA, and ASPPA... READ MORE
There’s an easy way to get out of that box…   The TPA Growth Summit is a special event, customized for the unique perspectives of TPA business owners and their sales/marketing teams (sometimes the same people!).    You won’t have to travel.   You won’t have to commit a big block of time.  ... READ MORE
Nominations are now being accepted for ASPPA’s 2021 Leadership Council. Elected at-large members of the Leadership Council serve for one term of four calendar years. Nominees must be credentialed ASPPA members nominated by at least two members to be considered. Submit a nomination today! Click... READ MORE
Editor's Note: This is the sixth installment in an occasional series concerning correcting plan loan failures.    Q. What interest rate should the plan use to correct a late deposit of elective deferrals or loan repayments?   A. The correction for a late deposit of deferrals or loan repayments... READ MORE
ASPPA’s new Qualified 401(k) Consultant (QKC) joins an impressive lineup of designations widely recognized within the retirement plan industry.   The QKC is a midpoint between the QKA and QPA—ideal for someone with extensive DC (defined contributions) knowledge.   The credential complements... READ MORE
Alliance Pension Consultants, LLC has acquired Reed-Ramsey, Inc., in a move Alliance Principal Jeff Van Wagner hails as an opportunity to enhance actuarial and administrative services. Alliance Pension Consultants, a retirement plan record keeping, administration and consulting firm that provides... READ MORE
We’ve just revised our COVID-19 resource page, updating the CARES Act FAQs to reflect recent guidance from the DOL and IRS. The CARES Act FAQ categories include:   General Questions COVID-19 Distributions COVID-19 Loans RMD Waivers Safe Harbor & SIMPLE Plans Government Plans Defined... READ MORE
ASPPA Connect will not be appearing on Friday, July 3, as our offices will be closed on that day in observance of Independence Day; however, it will be back to business as usual on Monday, July 6. Here are some facts related to July 4.   The youngest of the signers of the Declaration of... READ MORE
If you love ASPPA Annual, you’ll be amazed at what we’ve done for ASPPA Annual 2020!   Until recently, ASPPA was moving ahead with its plans to hold this year’s ASPPA Annual conference in Chicago this fall. However, Illinois is pursuing a state-wide reopening plan that does not allow hotels to... READ MORE
During a period of unprecedented economic turmoil and uncertainty, a new survey by the Plan Sponsor Council of America offers insights on the response of plan sponsors and participants to the new options. The snapshot survey of some 137 plan sponsors offered an updated look at the adoption rates... READ MORE
The U.S. Department of Labor has just announced its Request for Information (RFI) on Prohibited Transactions involving Pooled Employer Plans (PEPs) under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and other multiple employer plans.    According to a press release, the... READ MORE

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