Advertisement
News
For those who may have been preoccupied with last year’s deadline season, the ASB adopted a new ASOP last September 2017. This ASOP has been a few years in the making, with the First Exposure Draft in December 2014 and the Second Exposure Draft in June 2016. We are now approaching the effective...
READ MORE
There is no shortage of concern regarding Americans’ retirement readiness. A recent report offers a look at that measure and finds that readiness — or the lack thereof — is not uniform across all groups and worker populations.
In “America’s Workforce: The Reality of Retirement Readiness” the...
READ MORE
The ASPPA College of Pension Actuaries (ACOPA) honored Norman Levinrad, EA, CPC, FSPA, MAAA, with the 2018 Edward E. Burrows Distinguished Achievement Award at the ACOPA Actuarial Symposium in Chicago on Aug. 10.
The Edward E. Burrows Distinguished Achievement Award is presented annually to a...
READ MORE
The Treasury Department and the IRS issued proposed regulations Aug. 8 on the deduction for qualified business income under the new Code Section 199A.
Enacted as part of the Tax Cuts and Jobs Act (TCJA), the new Section 199A provides a deduction of up to 20% of income from a domestic business...
READ MORE
Trump administration officials are focusing on a former SEC enforcement attorney to replace Democratic Commissioner Kara Stein, who must step down by the end of the year, Bloomberg reported Aug. 6.Allison H. Lee served as a general attorney in the SEC’s Denver office from 2005 to 2013, followed by...
READ MORE
To be sure, missing participants pose a significant and vexing challenge to plans, TPAs and recordkeepers. But troublesome as they are, cashouts ultimately are an even bigger issue, a service provider suggests.
Calling cashouts “orders-of-magnitude worse,” Retirement Clearinghouse’s Tom Hawkins ...
READ MORE
While interest surrounding financial wellness programs appears to be growing in the workplace, there continues to be a lack of understanding about the value they deliver to both employers and employees, according to a recent report.
In “Assessing the Merits and Challenges of Financial...
READ MORE
The March 15 decision by the 5th U.S. Circuit Court of Appeals to invalidate the DOL fiduciary rule resolved some issues – and created some uncertainties for retirement plan advisers, most notably their status regarding rollover advice to plan participants in plans to which the adviser is currently...
READ MORE
Multiple employer plans (MEPs) continue to generate plenty of discussion.The reason is the Small Business Employees Retirement Enhancement Act, introduced earlier this month by Sen. Tom Cotton (R-AR), which includes provisions regarding so-called “open” MEPs, a type of employee benefit plan that...
READ MORE
While the vast majority of active retirement savers agree that accumulating enough savings is an important factor in their ability to retire comfortably, a significant subset is worried they’re already too far behind to reach their goals, a new study finds.According to Allianz Life’s Chasing...
READ MORE