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Student loans, credit debt, mortgages, inflation, and somehow also trying to sock money away for retirement in the process — is it any wonder workforces are rife with financial stress? Providing financial education at the workplace — where so many spend most of their waking hours — seems ideal for...
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The Plan Sponsor Council of America (PSCA), a part of the American Retirement Association (ARA), has submitted written recommendations for guidance on missing participants to several agencies including the Department of Labor (DOL), the Treasury Department and IRS. The PSCA provided this letter in...
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It’s easier than you think…All you have to do is (a) encourage your plan sponsor clients to participate in the survey, and (b) have them note your referral in their response.Then both you – and your plan sponsor client/prospect – will receive a FREE copy of the industry’s longest running and most...
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For younger employees, setting aside money for retirement can take a back seat to the more immediate need to pay off student loan debt — a choice that can have long-term consequences. But at Abbott Laboratories, a new benefit provides some relief from that uncomfortable position.
Abbott announced...
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Ascensus announced June 28 that it will acquire QBI, LLC. The California-based third-party administrator will become part of Ascensus’ expanding TPA Solutions Division.QBI, based in Woodland Hills, Calif., works with more than 3,500 plans and has more than 80 employees. In a press release, Ascensus...
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UPDATED JUNE 29
Note: On June 29, the House Ways & Means Committee indicated that the Committee has no plans to revisit Rothification as part of the new tax reform discussions. Click here for details.
There’s no rest for the weary on Capitol Hill, as what was once thought of as “dead” may rise...
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The American Retirement Association has submitted a comment letter to the IRS asking for clarification on certain provisions of the new procedures for the pre-approved plan document program, recommending further enhancements to it and requesting a five-month extension of the submission deadline for...
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Would you, or someone you know, like to receive the Qualified 401(k) Administrator (QKA) credential? This credential is ideal for retirement plan professionals looking to further their careers. PenChecks Trust Company of America (PenChecks Trust®) and the American Society of Pension Professionals...
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Massachusetts Secretary of the Commonwealth William F. Galvin has charged MetLife with making misleading statements relating to its failure to make pension payments to hundreds of Massachusetts retirees.The complaint filed by Galvin’s office alleges that MetLife’s public filings contained material...
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The American Retirement Association is asking Congress to expand the self-correction program (SCP) within the IRS’ Employee Plans Compliance Resolution System (EPCRS) to enable businesses with retirement plans to more easily correct common mistakes.The request – in the form of a June 26 letter to...
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