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Snow may have rained down in much of the country in abundance, but February was a hot month for private-sector pension plans, according to recent analyses. October Three, Wilshire and Aon report good news for private-sector DB plans in February. How hot? In its report, Wilshire quotes Managing... READ MORE
Illinois Rep. Charles Meier, in an interview with ASPPA Connect, has outlined how the rules concerning the participation of members of volunteer fire departments (VFDs) in Illinois Secure Choice would change if a bill he introduced is enacted.  Meier (R-Highland), who serves as Assistant... READ MORE
Each year, ASPPA recognizes p to two individuals—one ASPPA member and/or one outside of ASPPA—by honoring them with its most prestigious award, the Harry T. Eidson Founders Award. The Eidson Award was established to honor the memory of ASPPA’s founder, Harry T. Eidson, FSPA, CPC. Eidson was the... READ MORE
While traditional and Roth IRAs play a key role in household balance sheets, representing 36% of household financial assets among those owning them, new research also reveals that rollover activity, which helps many Americans preserve their retirement savings, has fueled recent individual... READ MORE
Even with other ongoing financial struggles, retirement savers ended the year on a positive note with improved market conditions and consistent contributions helping boost average account balances to their highest level in nearly two years.  The good news comes from Fidelity’s Q4 2023 analysis,... READ MORE
The Congressional Research Service (CRS) has issued information about the updated thresholds for the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) for 2024.  The updated information is contained in an annual report the CRS issues concerning the WEP and the GPO. Both... READ MORE
Home and community-based services employees would be able to participate in Minnesota Secure Choice if a bill introduced in the state House of Representatives is enacted.  Rep. Kelly Moller (DFL-40A) introduced HF 4248 on Feb. 26. The legislation would amend the law creating the Minnesota Secure... READ MORE
The release of final changes to the Department of Labor’s popular Voluntary Fiduciary Correction Program (VFCP) is apparently on the horizon, according to recent comments made by a senior agency official.  Speaking Feb. 27 at the U.S. Chamber of Commerce’s Small Business Retirement Summit,... READ MORE
The ink was barely dry on the denial of a motion to dismiss the suit, when American Airlines filed a motion of summary judgment, claiming that “there is no genuine issue as to any material fact and the [movant] is entitled to judgment as a matter of law.” Where We’ve Been Participant-plaintiff (... READ MORE
It is now possible to offer plan participants in 401(k), 403(b), and 457(b) plans the option to treat employer contributions as Roth contributions, under the SECURE 2.0 Act.  More precisely, it is Section 604 of the SECURE 2.0 Act that allows plan participants to elect to have any fully vested... READ MORE

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