ASPPA Net Staff
By ASPPA Net Staff 2/3/2016
The Department of Labor (DOL) has filed suit against the International Association of Machinists National Pension Fund (IAMNPF) and its board of trustees for multiple violations of ERISA. The DOL seeks a court order requiring the defendants to restore any losses the fund suffered due to the alleged...
READ MORE
By ASPPA Net Staff 2/3/2016
Work for decades. Save for decades. Then after those decades and the end of the retirement party, the spending begins. That’s the way it works, at least in common parlance. But some analysts at Vanguard beg to differ.In “Retirement Income: Perceptions vs. Reality,” Anna Madamba, Ph.D. of the...
READ MORE
By ASPPA Net Staff 2/3/2016
When an employee retires, that’s the end of the connection between the ex-employee and the former employer’s plan. Right? Not necessarily, say researchers at PIMCO.In “Turning Defined Contribution Assets into a Lifetime Paycheck: How to Evaluate Investment Choices for Retirees,” Stacy Schaus and...
READ MORE
By ASPPA Net Staff 1/29/2016
The IRS on Jan. 29 issued guidance on mid-year changes to a safe harbor plan under Internal Revenue Code Sections 401(k) and 401(m). It provides that a mid-year change either to a safe harbor plan or to a plan's safe harbor notice does not violate the safe harbor rules just because it is a mid-year...
READ MORE
By ASPPA Net Staff 1/29/2016
Tomato, tomahto. Split an atom, terminate a pension plan. A recent blog post suggests they may not be as different as they seem.In “The Big Bang Theory and Pension Plan Terminations,” a recent post in Retirement Town Hall, Javier Sanabria argues that both will gradually go away if left alone — but...
READ MORE
By ASPPA Net Staff 1/29/2016
Not quite two years ago, Sen. Marco Rubio (R-Fla.) said the federal government’s Thrift Savings Plan (TSP) should be opened to private sector workers. Now legislation has been introduced in the U.S. Senate that would take a step in that direction.The American Savings Act, introduced by Sen. Jeff...
READ MORE
By ASPPA Net Staff 1/28/2016
In a Jan. 25 telephone interview with reporters, Labor Secretary Thomas Perez said that the Department of Labor (DOL) hopes that work on the proposed fiduciary rule will be completed “in the coming months.”According to ThinkAdvisor, Perez also said that the DOL is reviewing the high number of...
READ MORE
By ASPPA Net Staff 1/27/2016
What impact do controlled groups and affiliated service groups have? And what should one take into account in considering whether to be a part of one?In “Analyzing Controlled and Affiliated Service Groups,” a webinar to be held on Tuesday, Feb. 9, attorney Kelsey Mayo will provide a brief look at...
READ MORE
By ASPPA Net Staff 1/27/2016
Pension plans should reduce surplus volatility as they work toward becoming better funded — at least, that is one school of thought. But there could be a fly in the ointment, argues Tony Gould, global head of pensions solutions and advisory at J.P. Morgan Asset Management in New York City.In a...
READ MORE
By ASPPA Net Staff 1/27/2016
The IRS has issued a proposed rule on the determination of whether the normal retirement age under a governmental pension plan under Internal Revenue Code Section 414(d) satisfies the requirements of Code Section 401(a) and whether the payment of definitely determinable benefits that begin at the...
READ MORE
By ASPPA Net Staff 1/26/2016
The point has often been made that retirement plan tax “preferences” are a deferral of taxes, not a deduction — and now the Congressional Budget Office (CBO) has estimated that impact on the nation’s Gross Domestic Product (GDP).The CBO’s “The Budget and Economic Outlook: 2016 to 2026” acknowledges...
READ MORE
By ASPPA Net Staff 1/26/2016
Employers with pension plans seek to control costs. But what approach should they take? A recent report offers some suggestions.In “Managing Pension Costs — Some Solutions Are Time-Sensitive,” PriceWaterhouse Coopers argues that controlling costs can best be accomplished by: understanding plan...
READ MORE
By ASPPA Net Staff 1/26/2016
The IRS has updated the information it provides concerning the data analysis verification projects its Employee Plans Compliance Unit (EPCU) is pursuing.The IRS says that a review of Form 5500 Series returns showed that on some of the forms filed, the pension feature code(s) were missing,...
READ MORE
By ASPPA Net Staff 1/21/2016
Small businesses in the Garden State will soon be able to use a virtual marketplace to choose a private retirement plan. New Jersey Gov. Chris Christie (R) has signed into law a measure establishing that marketplace.The New Jersey Small Business Retirement Marketplace Act is intended to create a...
READ MORE
By ASPPA Net Staff 1/21/2016
The Department of Labor (DOL) is pushing to get the revised version of its fiduciary rule to the Office of Management and Budget (OMB) by the end of January, according to published reports.The DOL needs to finalize the rule by April or mid-May at the latest to prevent Congress from exercising its...
READ MORE
By ASPPA Net Staff 1/21/2016
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. This post marks the debut of a regular series that will run throughout 2016.The month of January featured:1968: First publication, Actuarial...
READ MORE
Ex-presidents will share in the experience of pension caps if the U.S. House of Representatives has its way. The House passed a bill Jan. 11 that would place a limit on pension payments to former presidents, and the Senate now is considering it.Under the 1958 Former Presidents Act, former...
READ MORE
By ASPPA Net Staff 1/21/2016
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.Live WebcastsASPPA Webcast: Analyzing Controlled and Affiliated Service GroupsTuesday, Feb. 9, 20162:00-3:40 p.m. ETSpeaker: Kelsey Mayo, J.D., Partner,...
READ MORE
By ASPPA Net Staff 1/20/2016
Location, location, location. It’s something of a truism about the three things that most affect property values. Apparently it also applies to retirement plan access.Using a pooled version of the 2010-14 Minnesota Population Center’s Integrated Public Use Microdata Series (IPUMS) Current...
READ MORE
By ASPPA Net Staff 1/19/2016
ASPPA Webcast: The Final Conflicted Advice Regulation: What’s New and What Does It Mean for Plan AdministratorsAvailable Until April 14, 2017Speaker: David Schultz, Esq., APM, Product Manager, FIS Relius Wealth and Retirement; and Craig P. Hoffman, Esq., APM, General Counsel, American Retirement...
READ MORE
Pages
Most Popular
ASPPA Benefits Councils
The 19 ABC chapters feature networking and educational opportunities, right in your own neighborhood! For more information. Click HERE
Advertisement