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The Department of Labor (DOL) is rolling out an initiative focused on the investigation of benefit payment practices, focusing on three key areas.According to a blog post by the law firm of Morgan Lewis & Bockius LLP, the new initiative is focused on the defined benefit plans of a number of... READ MORE
A new report suggests that while early distributions from retirement plans are a cross-generational issue, it may be a bigger behavioral problem than is widely appreciated.The white paper, published by the Defined Contribution Institutional Investment Association (DCIIA), notes that while less than... READ MORE
For 2015, plan sponsors should skip the compliance questions that were just added to the Forms 5500 and 5500-SF, and to Schedules H, I and R for the 2015 plan year. Revised versions of the 2015 instructions for both forms contain the new information regarding the optional questions. The Department... READ MORE
As part of the year-long celebration of ASPPA’s 50th anniversary, we’ve compiled lists of landmark events that took place in each month of the year. The month of February featured:1979: Chet Salkind hired1997: Kirkpatrick Foundation became ASPA Pension Education Research Foundation1988: 1st HCE and... READ MORE
The IRS has proposed additional limitations on suspension of benefits applicable to certain pension plans under the Multiemployer Pension Reform Act of 2014 (MPRA).The IRS in RIN 1545-BN24 has proposed regulations that would provide guidance regarding a provision of the MPRA that governs the... READ MORE
Most Americans seem to like their 401(k)s — even if they don’t have a 401(k) — and they’re not very keen on government proposals to change them, according to a new survey.In fall 2015, a whopping 88% of households disagreed that the government should take away the tax advantages of DC accounts, and... READ MORE
The assets of the nation’s largest retirement funds slid 2.3%, as pension de-risking moves took their toll on corporate DB plan assets.Among the 200 largest plans, DC plan assets crept 1.5% higher to close at $1.81 trillion, while DB plans shed 3.6% to $4.58 trillion. Pensions & Investments... READ MORE
Defined benefit plans’ allocation to commodities and returns from those investments fell in 2015, says a recent report.According to Pensions & Investments, the top 1,000 DB plans’ allocation in commodities dropped by 16.2% since 2014. P&I reports that the decline in the Bloomberg Commodity... READ MORE
Student loans can be a help in earning a college degree. That’s a good thing, since that degree can help that former student pay off the loan and try to come closer to a day when he or she can start saving for retirement in earnest. Recently released research includes data on what student debt can... READ MORE
Increased longevity is good news! But for pension plans it’s another story. For them, it creates more stress — it spells greater drain and heightens the likelihood that plans will pay benefits for a longer period.The Social Security Administration’s (SSA) Office of the Chief Actuary late in 2015... READ MORE
Millennials are the newest — and largest — part of the workforce. And they have needs and approaches that differ markedly from those of their older compatriots, including how they learn. Those who serve and administer retirement plans are wise to pay attention to, and respond to, their unique... READ MORE
Is a pension plan you serve considering de-risking? If so, your clients may be well-served if you make sure they are aware that de-risking means more than addressing problems the plan itself may be having — it means that participants may have some decisions to make as a result.In a recent Wall... READ MORE
Wrapping up a first week of February with action on legislation designed to block, slow or thwart the Department of Labor’s (DOL) fiduciary rule, the U.S. Senate finally got into the act with two pieces of legislation.Sen. Johnny Isakson (R-Ga), chairman of the Senate Health, Education, Labor and... READ MORE
The U.S. Chamber of Commerce has made suggestions in a recent paper for ways to bolster the private-sector retirement system.The keys to strengthening the system, says the Chamber, is to strengthen the current retirement structure, address the demographic changes and retirement needs of an evolving... READ MORE
The funded status of the pension plans the Standard & Poors (S&P) 500 and 1500 companies sponsor improved in 2015, but since the ball dropped at Times Square things are different. According to the ratings company, their funding level took a hit in January.The funding level fell by 3% for... READ MORE
The Winter 2016 issue of Plan Consultant magazine is now available on ASPPA Net.The Winter issue, mailed to all ASPPA members in January, marks the start of ASPPA’s 50th anniversary year with a cover story that recaps ASPPA’s first half century and offers insights into the birth and development of... READ MORE
For the second time in a week, an important committee in the U.S. House of Representatives has approved legislation that could undermine the Labor Department’s proposed fiduciary rule.The most recent step was a 26-12 vote by the House Ways and Means Committee on Feb. 3 to pass the Strengthening... READ MORE
Generation X — long overlooked as a generational “middle child” between Boomers and Millennials — is waking up to the realities of retirement savings, according to a new report.With the eldest members of Gen X turning 50, it’s little wonder that retirement finances are grabbing a larger share of... READ MORE
The latest issue of Employee Plans News, a periodic IRS newsletter with retirement plan information for retirement plan practitioners, highlights recent developments concerning the IRS Employee Plans Determination Letter Program, as well as links to recent guidance and updated forms and... READ MORE
The latest issue of Employee Plans News, a periodic IRS newsletter with retirement plan information for retirement plan practitioners, highlights recent developments concerning the IRS Employee Plans Determination Letter Program, as well as links to recent guidance and updated forms and... READ MORE

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