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The Senate on Sept. 16 passed a bill that, if enacted, would amend ERISA to clarify definitions concerning what constitutes a shutdown event. The measure is not law yet, but the legislation is worth watching since it would affect administration of defined benefit plans. Sen. Tom Harkin (D-Iowa)...
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Three key players in the formulation and design of the auto-IRA concept came together at a Sept. 17 policy forum in Washington, D.C. to offer perspective and an assessment of the road ahead.Two of the panelists at the 2014 Assets Learning Conference, held by the non-profit Corporation for...
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Who isn’t interested in saving $250? Register for this year’s ASPPA Annual Conference by Friday, Sept. 26 and receive $250 off! Located in National Harbor, Md. — minutes from Washington, D.C. — Oct. 26-29, the ASPPA Annual Conference is your chance to receive continuing education credits and expand...
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There’s still time to submit a paper for consideration for the Ed Burrows Award — the deadline for submissions has been extended to Oct. 8.The award, bestowed in honor of Ed Burrows’ contribution to the advancement of the general understanding of pension knowledge, is an annual honorary payment of...
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Who isn’t interested in saving $250? Register for this year’s ASPPA Annual Conference by Friday, Sept. 26 and receive $250 off! Located in National Harbor, Md. — minutes from Washington, D.C. — Oct. 26-29, the ASPPA Annual Conference is your chance to receive continuing education credits http://...
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Much is said and written about the demise of DB plans, but a recent House subcommittee hearing was focused on ways to help sustain the programs still in place.The hearing — held Sept. 17 by the Select Revenue Measures Subcommittee of the House Committee on Ways & Means — was largely devoted to...
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Apparently the ghost of Mitt Romney’s IRA continues to haunt Capitol Hill — and, if the chairman of the Senate Finance Committee has his way, retirement savings will be on the tax reform agenda. During the 2012 presidential election campaign, the subject of Romney’s $100 million IRA was a hot topic...
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The ASPPA Annual Business Meeting will be held during the 2014 ASPPA Annual Conference at the Gaylord National in National Harbor, MD, on Sunday, Oct. 26, at 3:00 p.m.The Annual Business Meeting will include an address by ASPPA’s 2013-2014 President, David M. Lipkin, MSPA, and a look toward the...
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The ASPPA Annual Business Meeting will be held during the 2014 ASPPA Annual Conference at the Gaylord National in National Harbor, Md., on Sunday, Oct. 26, at 3:00 p.m.The Annual Business Meeting will include an address by ASPPA’s 2013-2014 President, David M. Lipkin, MSPA, and a look toward the...
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Washington has been training its eye on fees and transparency for years now. But so is the industry. The North American Securities Administrators Association (NASAA) is the latest organization to convene a group trying to make sure broker-dealers are giving investors fee disclosures they can...
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ASPPA has recommended in a comment letter to the IRS that it make the administrative relief Revenue Procedure (Rev. Proc.) 2014-32 provides for filers of delinquent Forms 5500-EZ permanent and that it more closely reflect the relief available through the Department of Labor’s delinquent filer...
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Notice 2014-53, the recent guidance from the IRS on pension funding stabilization under the Highway and Transportation Funding Act of 2014 (HATFA), contains a provision that is in accordance with a request by the ASPPA College of Pension Actuaries.On Aug. 13, ASPPA and ACOPA sent a comment letter...
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Notice 2014-53, the recent guidance from the IRS on pension funding stabilization under the Highway and Transportation Funding Act of 2014 (HATFA), contains a provision that is in accordance with a request by the ASPPA College of Pension Actuaries.On Aug. 13, ASPPA and ACOPA sent a comment letter...
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At a recent event commemorating ERISA’s 40th anniversary, Phyllis C. Borzi, Assistant Secretary of the DOL’s Employee Benefits Security Administration (EBSA), did not directly address her agency’s forthcoming proposed change to the definition of a fiduciary. But then, she didn’t have to. The as-yet...
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With taxes and tax rates facing an uncertain future, interest in Roth IRAs is growing among both participants and plan sponsors. But who is contributing to these Roth IRAs, and how fast are they growing?Roth IRAs grew at more than double the rate of traditional IRAs among a consistent set of IRA...
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Participant transfer volumes remained in the summer doldrums in August, according to the Aon Hewitt 401(k) Index.When trading occurred, plan participants favored fixed income funds over equity funds for 65% of the trading days, a turnabout from trends in the prior month. Overall, transfer activity...
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When it rains, it pours — in a single week we have had two announcements of congressional hearings on retirement plan issues slated for next week.The Senate Finance Committee will hold a hearing on retirement issues. “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy" on...
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When it rains, it pours — in a single week we have had two announcements of congressional hearings on retirement plan issues slated for next week.The Senate Finance Committee will hold a hearing on retirement issues, titled “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy,"...
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NOTE: Due to an editor's error, the link for the ASPPA Connect story titled "Congress’ Gaze on Retirement Issues in Upcoming Hearings" directed you here. To view the story on the congressional hearings, click HERE.The Garden State is the latest state whose credit rating has suffered due to a...
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While the World Wide Web is now nearly 20 years old, the globe-spanning, the virtual reality of our digital age continues to offer unprecedented opportunities to learn, connect, educate and advertise.For professionals, this digital age also presents a multitude of ethical pitfalls and challenges...
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