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In what it characterized as an “acceleration” of the transformation of its full-service recordkeeping business, T. Rowe Price has announced plans to transfer responsibility for its retirement technology development and core operations to FIS National Information Services. In a May 18 press release... READ MORE
Reps. Jimmy Panetta (D-CA) and Jodey Arrington (R-TX) introduced legislation—a proposal championed by the American Retirement Association—in the U.S. House April 27 that would modernize current tax law that penalizes small businesses in community property states and disproportionately affects women... READ MORE
Nominations are now being accepted for American Retirement Association’s 2022 Board of Directors.  Elected at-large members of the Board of Directors serve for one term of three calendar years. Nominees must be nominated by at least two members to be considered.  Submit a nomination today! Click ... READ MORE
Editor's Note: This is the fourteenth installment in a series concerning correcting plan loan failures.  Q. A plan uses an automated clearing house (ACH) to repay loan. Loan goes into default when participant has insufficient funds for loan repayment. Under the new loan correction rules, may a... READ MORE
A bipartisan, bicameral group of U.S. legislators has introduced legislation focused on shoring up Social Security. The group has introduced legislation (the Time to Rescue United States’ Trusts (TRUST) Act) that would create a process “to rescue the endangered federal trust funds and rein in the... READ MORE
The closing session of the Plan Sponsor Council of America’s National Conference featured a wide-ranging and impactful conversation between American Retirement Association CEO Brian Graff and Mellody Hobson, President and Co-CEO of Ariel Investments and chairwoman of Starbucks. The discussion... READ MORE
The newest digital edition of ASPPA’s members-only magazine has just been posted online!    Is participant data a plan asset subject to ERISA fiduciary protections? Our cover story by ERISA attorney Christine Roberts looks at the current status of the issue—and offers some tips for minimizing the... READ MORE
The U.S. Department of Labor’s Employee Benefits Security Administration has issued guidance on fiduciary investment advice for retirement investors, employee benefit plans and investment advice providers.  The guidance relates to the department’s “Improving Investment Advice for Workers &... READ MORE
Nominations are now being accepted for the 2022 ASPPA 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!... READ MORE
On March 2, 2021, Microsoft reported that it has observed targeted attacks that take advantage of four zero-day vulnerabilities in Microsoft Exchange Server to gain full access to all email on the victim’s system. What should you be doing? A recent Alert from Lockton’s Global Cyber &... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has rescinded a final rule it issued last August on procedures for PBGC guidance documents. The PBGC took this action in accordance with President Biden’s Executive Order on Revocation of Certain Executive Orders Concerning Federal Regulation issued... READ MORE
The American Retirement Association, its sister associations, and the communities we serve rely on the volunteer service and leadership of their extraordinary members. Please consider our NTSA member colleagues whose NTSA volunteerism is unique and valuable—who are also committed to community... READ MORE
The Plan Sponsor Council of America’s (PSCA) third annual HSA benchmarking survey offers insights. Or will. In this, the third year of this insightful benchmarking survey, and just in time for 2022 plan reviews, we’ll reveal critical benchmarking data on:  HSA participation rates; employer... READ MORE
The American Retirement Association is currently evaluating a health insurance program that may be able to provide NAPA/NTSA/ASPPA members—notably business/practice owners or W-2 workers—with access to a better health benefit program at more affordable rates!   We’ve set up sessions to discuss the... READ MORE
Single-employer defined benefit plan interest rate stabilization and funding relief included in the American Rescue Plan Act of 2021 (ARPA) presents DB sponsors with a number of short-run decisions—some that must be made by March 31. A recent article by OctoberThree highlights some of the issues... READ MORE
In the March 25 ARA Fireside Chat, Shannon Edwards and Nicole Corning talked about a new initiative to gain insights from ALL members about the needs of our women members and/or the constituents you represent. The survey, conducted by the ARA Council for Women should take less than 10 minutes to... READ MORE
If you thought the first one was fun—and even if you missed it—you won’t want to miss out on our next fireside chat… and some very special guests… Our first “fireside chat” with Brian Graff and ARA President Joe Nichols was a big success—lots of fun and insights—the kind of “enlightenment” on our... READ MORE
As an ASPPA member, you have a unique opportunity to be involved, and to “give back” by sharing your experience and expertise. Here’s how… One of the most important ways ASPPA members contribute is bringing their “real world” perspective to the activities of our government affairs committee, or... READ MORE
Amid an extraordinarily challenging work and economic environment, a new industry benchmarking survey finds growing engagement in non-qualified deferred compensation (NQDC) plans—and a growing interest in education and advice regarding those programs. In fact, more than 70% of organizations now... READ MORE
Nine independent TPAs have formed a new partnership, the Cerrado Group. The 501(c)6 consortium made the announcement on March 1.   According to the partnership’s website, the Cerrado Group was established to offer “a new approach” to retirement plan design, reporting, compliance and administration... READ MORE

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