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Testifying at a March 27 Capitol Hill hearing on behalf of the American Retirement Association, ASPPA member Martella A. Turner-Joseph encouraged members of Congress to enact comprehensive legislation to expand American workers’ access to workplace retirement plans.
Turner-Joseph, an enrolled...
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The IRS on March 26 updated its Operational Compliance List for compliance in 2019. The list is intended to help plan sponsors and practitioners achieve operational compliance by identifying changes in qualification requirements effective during a calendar year.
The Operational Compliance List...
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Why is it important to know if a controlled group or affiliated group exists? Why is it important to know when certain children celebrate their 21st birthday?
Those questions and more will be covered in detail at the ASPPA Eastern Regional Conference to be held May 9-10 at the Doubletree Center...
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The IRS has updated the Mortality Improvement Rates and Static Mortality Tables for Defined Benefit Pension Plans for 2020. The updated rates and tables are contained in Notice 2019-26, released on March 22.
Notice 2019-26 specifies updated mortality improvement rates and static mortality tables...
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The Pacific Rim, a place where it’s a bit less unusual than others for new land to explode into existence, is adding to the state-sponsored retirement plans earthquake. Add Hawaii and Washington to the states whose legislatures have or are considering legislation that would create state-sponsored...
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The Congressional Research Service (CRS) has updated its report on the Social Security retirement age. The report provides a discussion of some current trends concerning and affecting that threshold and how the Social Security retirement age may relate to addressing the challenges facing the Social...
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Summary plan descriptions (SPDs) are not optional — at least not for plans to which ERISA applies. And that includes retirement plans. A recent blog entry discusses SPD requirements and how they relate to retirement plans, participants and beneficiaries.
In “Summary Plan Descriptions: You Gotta...
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There are plenty of good reasons to save, but we all know that it can be tough to start. In that spirit, here are four things that those who aren’t (yet) saving for retirement should know.
It’s never too late to start saving for retirement.
Perhaps you think there’s no point at some point – maybe...
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Despite political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, recent survey results show.
Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity 2019:...
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The Federal Trade Commission (FTC) is considering amendments to cybersecurity rules that could have an impact on retirement plan professionals.
The FTC voted 3-2 to propose amendments to the Standards for Safeguarding Customer Information, which became effective on 2003 and requires that financial...
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