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Education and Career Development
We are approaching the end of the year. Or the beginning, depending on one’s perspective. And that makes it prime time for taking stock of how one is doing financially and what steps one could consider for the new year.In a bit of a different take on the time-honored tradition of end-of-the-year...
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To reach students, prepare materials that will encourage them to choose to want to learn. That principle applies regardless of whether the audience is teenagers sitting in desks or retirement professionals. In “Focus on Teaching First, Then Finance,” an article in the Fall 2015 edition of Plan...
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Much has been said about the interest and engagement of Millennials in retirement readiness. So a discussion at a recent TD Ameritrade Advocacy Summit held in Washington, DC certainly appears well-timed. Fiduciary News’ Christopher Carosa provides a look at what a panel of four retirees told...
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The Department of Labor is seeking to make it easier for states to fit within the framework of ERISA in their efforts to establish state-run retirement plans, says Phyllis C. Borzi, head of the Employee Benefits Security Administration.Borzi spoke at an Oct. 20 session of the 2015 ASPPA Annual...
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The IRS will not backtrack on its recent decision to stop answering questions by email and no longer forward questions sent to IRS Customer Account Services, Commissioner of the IRS Tax Exempt and Government Entities Division Sunita Lough said at an Oct. 20 update on federal agency activity at the...
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The biggest impact of the DOL's proposed fiduciary rule, a.k.a. the "conflict of interest rule," isn't on plans or plan advisors, it's on the IRA market, ERISA attorney Fred Reish told a workshop session at the ASPPA Annual Conference Oct. 20.Reish was joined by Marcy Supovitz, incoming president...
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Choice architecture – a behavioral science application that includes things like automatic enrollment – works, but it is not the entire solution to worker savings behavior.That was one of the points made by Dr. Julie Agnew, Associate Professor of Finance and Economics at William & Mary at this...
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Current regulatory issues facing the retirement industry, its professionals and participants were highlighted in a lively Oct. 19 general session at the 2015 ASPPA Annual Conference.American Retirement Association General Counsel Craig Hoffman, who headlined the session, noted at the outset the...
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For a TPA, the realred flag issues in a DC plan takeover aren't characteristics of the client, says Ilene H. Ferenczy -- they're things the TPA itself does during the takeover process and afterwards.At an Oct. 19 workshop session at the 2015 ASPPA Annual Conference, Ferenczy, founder of the...
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“Ethics is in our daily life,” says Michael P. Coyne, President of Waldheger Coyne, at “Professionalism and Ethics Case Studies: Going Beyond Circular 230,” a workshop session he presented at the 2015 ASPPA Annual Conference Oct. 19.Coyne observed that Circular 230 is central to government...
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Impending DOL regulations intended to pave the way for state-run retirement programs for private sector workers may create an unfair playing field and widespread confusion over ERISA preemption, as well other potentially damaging changes, says ASPPA Executive Director Brian Graff.Graff, joined by...
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Hardship distributions are intended to serve as an emergency source of revenue to meet an immediate need. But they are not a panacea and are not to be taken lightly — by plan participants and their employers. Robert M. Kaplan, Vice President, National Training Consultant at Voya Financial, offered...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.Live WebcastsFiduciary Breach: Avoidance and MitigationWednesday, Oct. 28, 20152 p.m. - 3:40 p.m. ETSpeaker: Bruce Ashton, Esq., APM, Partner, Drinker...
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Editor’s Note: This is the second of a three-part series by Peter Preovolos on being a 3(16) plan administrator. The first addressed the growing interest in the third party administrator (TPA) community about offering 3(16) plan administrator services to our clients.Some TPAs are looking at 3(16)...
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Employees come and go. And some even come back. There are good things about second-time-around employees; for instance, they are known quantities and they are familiar with an employer, what it does and how it functions.But there are complications, too — such as whether they are eligible to enter...
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ASPPA and PenChecks are partnering to offer four scholarships to individuals interested in pursuing ASPPA’s Qualified 401(k) Administrator (QKA) credential. The deadline fast approaches — Sept. 15!Scholarships will be awarded to four individuals to cover the QKA exam registration fees, related exam...
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What would a plan conversion be without a “bump” — or two — along the way. But what have you found to be the biggest complicating factor(s)?ASPPA’s Retirement Plan Academy is working on an update of the Retirement Plan Fundamentals (RFP) certificate, and would like to enlist YOUR help in...
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PenChecks Trust Company of America (PenChecks Trust) and the American Society of Pension Professionals & Actuaries (ASPPA) are pleased to announce the second annual QKA Scholarship Program for ASPPA’s Qualified 401(k) Administrator (QKA) credential program.The PenChecks Trust ASPPA QKA...
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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...
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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,...
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