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“Best interest” is a very familiar term after the last decade plus of discussion of fiduciary rules and standards. But its meaning is still a bit fluid and certainly wide-ranging. In a recent blog post, Fred Reish discusses what “best interest” really means.
“‘Best Interest’ has become part of the...
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Portability of retirement savings is not a new issue. In a recent commentary, former Senior Advisor to the Secretary of the Treasury Mark Iwry discusses this enduring matter, its importance and its prospects.
In a recent opinion column in The Hill, “Labor Department Rightly Trying to Plug Pension...
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The IRS has issued a draft of the Form 5500-EZ to be used in reporting concerning 2018.
The IRS notes that there are two changes in the form since last year:
The title of Form 5500-EZ has been changed to match the purpose of the form to include both a one-participant retirement plan and a...
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I am just returning from the ARA Board meeting in Key West. We had 9 inches of snow on the day that I left home. The trip was a great early winter get away!
During the meeting, each sister organization provided an update. Most of the ACOPA update related to Academy actions and subsequent vote. My...
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In what will be his third stint as chairman, veteran senator Charles Grassley (R-IA) has decided to return as head of the powerful Senate Finance Committee.
When the 116thCongress convenes in January, Grassley, 85, plans to step down from his current position as chairman of the Senate Judiciary...
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The ERISA Advisory Council has recommended that the Department of Labor (DOL) issue new guidance on ERISA bonding. The recommendation comes in a report to Secretary of Labor Alexander Acosta that includes the council’s evaluation of the DOL’s regulations and guidance on ERISA bonding requirements...
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Two plaintiffs in a class action suit against third-party administrator Vantage Benefits and custodian Matrix Trust company have voluntarily dismissed without prejudice their lawsuit against the latter.
The two plaintiffs, who are Texas A&M University retirees, voluntarily dismissed their...
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Thanksgiving has been called a “uniquely American” holiday, and though that is perhaps something of an overstatement, it is unquestionably a special holiday, and one on which it seems appropriate to reflect on all for which we should be thankful. And so…
I’m thankful that participants, by and...
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ASPPA Connect wishes its readers a happy Thanksgiving. Thank you for your support! ASPPA Connect will not be appearing on Friday, Nov. 23; however, it will be back to business as usual on Monday, Nov. 26.
Most people are very familiar with the Thanksgiving proclamations George Washington and...
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In response to a federal court request, Golden State officials have elaborated on why CalSavers – the state’s state-run automatic IRA program for private sector workers – isn’t preempted by ERISA.
The comments came in a brief (Howard Jarvis Taxpayers Ass’n v. Calif. Secure Choice Ret. Savings...
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