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House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the details of his tax reform 2.0 legislation, and it includes significant retirement savings changes, including multiple employer plans (MEPs).
On Sept. 10, Brady unveiled three bills that seek to build on the Tax Cuts and...
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Several years back, I was talking with a colleague about the current state of the U.S. economy – and as a comparison point, I pointed to the mid-1980s.“I wasn’t even born then,” she said. At which point I realized that what I considered to be a relevant point of comparison was, to my coworker,...
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Whenever I read another article about how hard it is to measure the return on investment (ROI) of financial wellness programs, I think back to my days as a psychology grad student. A large part of psychology and its history is focused on figuring out how to measure the intangible. The field of...
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Multiple employer plans (MEPs) are very much a part of the recent discussion. But while President Trump’s Aug. 31 executive order gives a boost to MEPs, that doesn’t mean they’re an innovation of 2018. A recent white paper from Pentegra takes a look at their history, where they stand now, and what...
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Over the coming weeks, a question that you’re likely to see posed (again and again) about the President’s Executive Order is – “will it work?”“Work” in this case means to expand access to workplace retirement plans, for that is the stated policy of the Trump administration in issuing the order.The...
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Throughout the summer the PBGC has been implementing some very helpful practices to easing pension plan practitioners’ jobs when dealing with PBGC-covered DB plans. This has come in the form of:
Practitioner FAQ Update
Standard Plan Termination Submission Process Update
PBGC/ACOPA Joint Web...
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The IRS has issued a reminder regarding the importance of making sure that tax treatment of pension payments is correct, in light of the enactment of the Tax Cuts and Jobs Act (TCJA) in December 2017. The reminder is contained in IR-2018-180, which the IRS issued on Sept. 7.
While the reminder is...
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You may have taken a summer vacation, but the average 401(k) balance kept right on working!
According to estimates from the nonpartisan Employee Benefit Research Institute (EBRI) based on the actual contribution records and investment choices of several million consistent participants in the EBRI/...
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The Keystone State’s two largest public pension systems — the Public Employees’ Retirement System (PERS) and the School Employees’ Retirement System (SERS) — are under scrutiny concerning their finances.
Pennsylvania Auditor General Eugene DePasquale announced Aug. 23 that he will review PERS and...
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The Pension Benefit Guaranty Corporation has modified the Comprehensive Premium Filing Instructions for 2018 Plan Years. The PBGC made the announcement on Sept. 4.
The PBGC made the modifications on pages 2 and 35 of the instructions. On page 2, the PBGC updated payment address information; on...
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