Skip to main content

You are here

ASPPA Net Staff

Registration for the 2015 ASPPA Annual Conference — the nation’s premier gathering of retirement industry professionals — is now open!From Sunday, Oct. 18 to Wednesday, Oct. 21, the nation’s retirement industry elite will converge at the Gaylord National Resort & Convention Center, within sight... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) on June 19 issued an interim regulation to implement the partition provisions of the Kline-Miller Multiemployer Pension Reform Act of 2014. The regulation makes it possible for financially troubled multiemployer pension plans to apply for PBGC... READ MORE
If you missed ASPPA’s highly acclaimed Virtual Conference — or would like to relive the experience — now you can watch and learn on your own schedule and earn valuable continuing education credits at the same time.This series of on-demand webcasts offers information and straight-talking answers... READ MORE
The Department of Labor’s Employee Benefit Security Administration has announced that it will hold public hearings on the fiduciary proposal on Aug. 10, 11 and 12 — and 13, if necessary. It also has extended the period for submitting comments on the proposed rule and exceptions to July 21.The... READ MORE
Do you know of an ASPPA member who has made a significant contribution to retirement plan education? You can help make it possible for him or her to receive recognition! Nominations are now being accepted by the ASPPA Retirement Plan Academy Advisory Group for ASPPA’s Educator’s Award. But you need... READ MORE
The Department of Labor intends to finalize its re-proposed rule defining a fiduciary in May of next year, Groom Law Group Chairman Steve Saxon said on June 8. Saxon made his remarks at the SPARK Institute’s annual conference in Washington, D.C.That timing is fueled by political considerations.... READ MORE
ASPPA’s Government Affairs Committee (GAC) on June 8 filed comments with the Office of Management and Budget (OMB) to express concern about the IRS estimates of the cost burdens reported to OMB associated with new questions on the 2015 Form 5500 series, including the new Form 5500-SUP. ASPPA GAC... READ MORE
The Internal Revenue Service has provided a new, permanent program for late filing Form 5500-EZ.The program, outlined in Revenue Procedure 2015-32, replaces last year’s one-year pilot program – which ended Tuesday, June 2, 2015.The permanent program generally follows the requirements of the pilot... READ MORE
The IRS has updated guidance on master and prototype, and volume submitter, plan applications for opinion and advisory letters.The IRS has highlighted the following changes as important in Revenue Procedure 2015-36: extending the application deadline for pre-approved defined benefit plans from June... READ MORE
Bipartisan legislation introduced in the U.S. House of Representatives June 4 would allow pension plan participants to be automatically opted in to electronic delivery of documents. And a recent study suggests that the sponsors of the bill have good timing.  Rep. Jared Polis (D-Colo.) introduced... READ MORE
In 2005, seven companies bought financial software provider SunGard. Fast forward 10 years: on June 3, SunGard filed a Form S-1 with the Securities and Exchange Commission to go public.The filing says the sale will begin “as soon as practicable” after the filing is declared effective. Yet to be... READ MORE
Despite growing concerns about leakage from retirement plans, a new survey suggests that Americans aren’t very familiar with various distribution options.The survey, commissioned by Pentegra Retirement Services and conducted online by Harris Poll this month among more than 1,000 employed U.S.... READ MORE
A majority of households age 55 and older do not have retirement savings. That sobering news comes from a recently released study by the Government Accountability Office (GAO). “Retirement Security: Most Households Approaching Retirement Have Low Savings” says that 52% of such households are in... READ MORE
For those keeping score at home, a total of 36 individuals and organizations submitted comments on the Department of Labor’s April 14 fiduciary proposal during the first month of the comment period.The DOL’s Employee Benefits Security Administration has created a “public comments” page on its... READ MORE
Will the third time be the charm? House Education and the Workforce Committee Chairman John Kline (R-Minn.) and Health, Employment, Labor and Pensions Subcommittee Chairman Phil Roe (R-Tenn.) in a June 2 letter to Labor Secretary Thomas Perez have again repeated a request for additional information... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has released its annual update on pension data. The report provides information reported by pension plans and the PBGC and compares it to data from earlier years.The report includes statistics for PBGC’s single-employer and multiemployer programs and... READ MORE
Summer has begun, and for many parts of the United States, so has hurricane season. Residents and proprietors in areas at risk of a landfall — as well as inland areas that also can be affected — often hear exhortations to be prepared, just in case. The IRS has issued a reminder about the importance... READ MORE
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events. Live WebcastsNew Mortality Tables — Their Use and Application Tuesday, June 23, 20152:00 p.m. - 3:00 p.m. ET Speakers: Raymond D. Berry, MSPA, ASA, MAAA,... READ MORE
The cost of investment management is the top expense for defined benefit plan sponsors, a recent study found.Penbridge Associates, an advisory firm that focuses on the U.S. DB risk transfer market, conducted the study. It looked at the costs associated with maintaining a U.S. corporate DB plan, and... READ MORE
The Bipartisan Policy Center convened what at least one participant termed a “policy wonk throwdown” in the nation’s capital May 27. The subject? The Department of Labor’s fiduciary proposal.The actual title of the event was “Champions, Critics and Consequences of a New Fiduciary Standard,” and it... READ MORE

Pages