Inside ASPPA

Amidst the ongoing COVID-19 crisis, the American Retirement Association has been working diligently to push for commonsense solutions that provide Americans with the funds necessary to provide for themselves and their families while at the same time protect the private employer-sponsored retirement... READ MORE

It’s not over yet, but after six days of intense negotiations, about midnight on March 25, the Senate unanimously approved a sweeping $2 trillion stimulus bill, including retirement relief provisions supported by the American Retirement Association.  The Coronavirus, Aid, Relief and Economic... READ MORE

The American Retirement Association, along with two dozen other trade organizations, are urging Congress to provide immediate relief to retirement plan sponsors, participants and retirees in the wake of the Coronavirus.  “The undersigned organizations, which represent plan sponsors and service... READ MORE

We are getting reports from a number of our members that employers—struggling with the impact of business closings, a lack of customers, or other economic impacts due to the pandemic—are looking for some help. Based on results to a member survey, the impact could be catastrophic!    The American... READ MORE

We are getting reports from a number of our members that employers—struggling with the impact of business closings, a lack of customers, or other economic impacts due to the pandemic—are contemplating terminating their 401(k) plan as a way to free up cash.  As an alternative to termination, we’ve... READ MORE

The American Retirement Association (ARA) is pressing the IRS to extend the remedial amendment period for 403(b) plans by one year. The ARA made the recommendation in a March 16 letter to Cathy Jones, Director of the IRS Office of Employee Plans, in which it comments on the 403(b) plan remedial... READ MORE

At the American Retirement Association, the health and safety of our staff is paramount, and we remain committed to the support of the critical work of our members. Consequently, amidst growing concerns about the Coronavirus, the increasing number of schools and businesses that are closing, among... READ MORE

What’s the most common issue in retirement administration? One of the most common issues encountered in retirement administration is when compensation is not applied the same way operationally as it is defined in the plan document. At the newly rebranded ASPPA TE(k), you’ll have an opportunity to... READ MORE

The Massachusetts Secretary of the Commonwealth has finalized a new fiduciary conduct standard, one that, consistent with the recommendation of the American Retirement Association, acknowledges ERISA’s preemption. Contending that the SEC’s Regulation Best Interest falls short, Secretary William... READ MORE