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Are you tired of the everyday grind? Looking for an opportunity to take a step back and re-energize yourself? Earn those final CE credits needed by attending the last of the only two live regional conferences offered during the 2018 continuing education reporting cycle. The ASPPA Cincinnati...
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The Pension and Benefit Guaranty Corporation (PBGC) has published a proposed rule it intends to improve the efficiency of reporting and disclosure of plan information by terminated and/or insolvent multiemployer plans not only to the PBGC, but also to plan participants and beneficiaries.
Certain...
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An excessive fee suit that had alleged “astronomical” fees in a $25 million plan has been dismissed.
The suit, filed in 2016 in the U.S. District Court for the Southern District of Ohio against payday lender CheckSmart Financial LLC’s 401(k) plan by plan participant Enrique Bernaola, claims that...
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The American Retirement Association will be performing scheduled maintenance on its digital learning products. Beginning at 8:00 a.m. EDT on Friday, July 20 through 9:00 a.m. EDT on Monday, July 23, online exams, modules, recorded webcasts and digital study material will be unavailable.Programs...
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A new study reveals a number of remarkable developments in plan design trends and participant savings behaviors among small business defined contribution plans.In Vanguard’s fifth annual “How America Saves: Small business edition,” small business DC plans experienced a surge in coverage — from...
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Plan sponsors sometimes wonder what expenses can be paid from retirement plan assets and what expenses must be paid from business assets. (Here, we will consider the plan sponsor and plan administrator to be identical.) The Department of Labor has provided some guidance to answer this question....
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I have been blessed to be part of a quickly growing TPA and actuarial firm. I love the energy and opportunities. However, growth does come with its own set of challenges. One of our biggest challenges has been hiring experienced administrators. So, 5 years ago, we embraced hiring remote employees....
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Remember the ASB’s request in July of 2014 for comments on the topic of ASOPs and Public Pension Plan Funding and Accounting? If you are like me and do not focus on public plans, you probably did not pay any attention to the Pension Task Force that was established in December 2014 to develop...
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A bipartisan bill that its sponsors say will provide greater flexibility and access to small business employees and their employers seeking to utilize SIMPLE plans as an option for saving for retirement has been introduced in the U.S. Senate.
The SIMPLE Plan Modernization Act, introduced July 13 by...
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A good offense is often the best defense. A maxim used in many contexts, and a July 10 ASPPA Webcast suggests that taking extra care to ensure that your Form 5500 is correct is one of them.In “Resolving 5500 Filing Issues,” Kristina G. Kananen, QPA, QKA, DC Customer Support for DATAIR Employee...
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