ASPPA Net Staff
By ASPPA Net Staff 4/5/2016
Leading benefits outsourcing provider CBIZ announced April 1 that it has acquired Philadelphia-based The Savitz Organization.CBIZ President and CEO Jerry Grisko hailed the acquisition as a step that would help CBIZ to “serve virtually every need of a domestic pension plan sponsor” and to expand its...
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By ASPPA Net Staff 4/4/2016
As the industry anticipates publication of the Labor Department’s fiduciary regulation this week, the Office of Management and Budget (OMB) has finished its review, according to a posting on the OMB’s website.The OMB has had the regulation under review since Jan. 28.Before agency rules are...
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By ASPPA Net Staff 4/4/2016
The Pension Benefit Guaranty Corporation Multiemployer Program will run out of money in less than 20 years, says a new report by the PBGC. Its prescription: higher premiums.The PBGC on March 31 announced the release of “Insurance of Multiemployer Pension Plans: A Five Year Report,” the latest in...
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By ASPPA Net Staff 4/4/2016
The drafting, redrafting, comment, revision, lather rinse repeat of the Department of Labor’s (DOL) fiduciary rule certainly has been a protracted process. As we appear to be on the brink of its for-real introduction, it’s interesting to consider matters that follow in the wake of the big reveal —...
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By ASPPA Net Staff 4/1/2016
For weeks, rumors have swirled as to when the Labor Department would unveil its new fiduciary regulation — but that long wait could be coming to an end.Published reports in Politico and The Wall Street Journal citing unnamed sources both say that Secretary of Labor Thomas Perez will unveil the much...
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By ASPPA Net Staff 3/31/2016
The IRS on March 31 invited comments on changes that have been proposed to the Form 5500 and several of its schedules, as well as the Form 5500-SUP, for information reporting concerning the 2016 plan year.Changes include the following:Question 3: Revisions to the information requested after...
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By ASPPA Net Staff 3/31/2016
America’s 65-and-over population is projected to nearly double over the next three decades, ballooning from 48 million to 88 million by 2050 — but what will that mean for retirement?Baby Boomers began reaching age 65 in 2011, and by 2050 the elder share of the U.S. population will increase to 22.1...
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By ASPPA Net Staff 3/29/2016
The Golden State has taken another step on the road to implementing a state-run retirement program.The California Secure Choice Board unanimously recommended that the state legislature move forward with the plan it was directed to explore under a 2012 law, submitting letters identifying its...
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By ASPPA Net Staff 3/29/2016
A new video traces the development of ASPPA’s conferences program, featuring recollections by Past Presidents, members and others. The video is now live on the ASPPA history website.Featuring photos from the ASPPA archives, videos, and documents from past presidents, members and other sources, the...
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By ASPPA Net Staff 3/28/2016
No fooling — some retirees and IRA holders must take required minimum distributions (RMDs) by April 1. The IRS in IR-2016-48 on March 28 issued a reminder that IRA holders who turned age 70½ in 2015 must take RMDs; similarly, retirees who reached that age last year must take RMDs from workplace...
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By ASPPA Net Staff 3/25/2016
A new report asserts that today’s consumers do not want “communication,” they want personal guidance. They want to do things when, where and how they prefer. They want things easy and convenient. And they want the whole experience to be enjoyable.So, how are today’s retirement service providers...
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By ASPPA Net Staff 3/25/2016
Living longer is only part of the new old age — and understanding demographics and market opportunity will help fiduciaries better meet retirees' needs, notes Joe Coughlin, Ph.D., founder and Director of the Massachusetts Institute of Technology AgeLab.In an interview with Fiduciary News’ Chris...
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By ASPPA Net Staff 3/24/2016
One Annual Actuarial Certification is enough, thank you, the IRS reminds multiemployer plan actuaries. The IRS issued the reminder in a March 16 update of its webpage concerning Multiemployer Annual Actuarial Certifications.Multiemployer plan actuaries must complete an Annual Actuarial...
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By ASPPA Net Staff 3/22/2016
Despite taking a beating during a tumultuous period in the markets, America’s retirement confidence proved to be resilient, if not its level of preparation.According to the 26th wave of the Retirement Confidence Survey, the percentage of workers very confident about having enough money for a...
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By ASPPA Net Staff 3/22/2016
We’ve just expanded the photo gallery on the ASPPA history website, adding a dozen photos from past Annual Conferences. Featuring videos, photos from the ASPPA archives and documents from past presidents, members and other sources, the ASPPA history website celebrates our contributions to the...
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By ASPPA Net Staff 3/22/2016
We’ve just expanded the photo gallery on the ASPPA history website, adding a dozen photos from past Annual Conferences. Featuring videos, photos from the ASPPA archives and documents from past presidents, members and other sources, the ASPPA history website celebrates our contributions to the...
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By ASPPA Net Staff 3/18/2016
Retirement providers spend approximately one-third of their total costs on participant communication-related activities — and in recent months, a third of a shrinking budget due to significant fee compression across the industry, according to a new report.A new report by Broadridge, in association...
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By ASPPA Net Staff 3/18/2016
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.Live WebcastsACOPA Webcast: IRC §412(d)(2): What We Know and What We Don’tTuesday, March 22, 20162:00-2:50 p.m. ETSpeaker: Judy Miller, MSPA, Director of...
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By ASPPA Net Staff 3/17/2016
The IRS on March 11 updated its web page on the Employee Plans Compliance Unit (EPCU) Non-Governmental 457(b) Plans Excess Deferrals Project.Section 457 plans may allow participants to make ‘catch-up’ deferrals during the three-year period immediately preceding the year in which they attain normal...
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By ASPPA Net Staff 3/17/2016
There’s still a sense of optimism among investors concerning retirement plans and savings, but it’s not as robust as it was a year ago, says a report by Wells Fargo and Gallup. Stock market volatility is to blame, they say.Market RollercoasterIn fact, the report says that optimism about the stock...
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