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Do you sometimes feel like you have spent your precious time performing tests that no longer seem relevant or meet an arbitrary deadline? Have you ever come across a nonsensical rule that continually trips up you or your staff and you think to yourself: “it would be so much easier if…”?We all know...
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The U.S. Chamber of Commerce has made suggestions in a recent paper for ways to bolster the private-sector retirement system.The keys to strengthening the system, says the Chamber, is to strengthen the current retirement structure, address the demographic changes and retirement needs of an evolving...
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The funded status of the pension plans the Standard & Poors (S&P) 500 and 1500 companies sponsor improved in 2015, but since the ball dropped at Times Square things are different. According to the ratings company, their funding level took a hit in January.The funding level fell by 3% for...
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The Winter 2016 issue of Plan Consultant magazine is now available on ASPPA Net.The Winter issue, mailed to all ASPPA members in January, marks the start of ASPPA’s 50th anniversary year with a cover story that recaps ASPPA’s first half century and offers insights into the birth and development of...
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For the second time in a week, an important committee in the U.S. House of Representatives has approved legislation that could undermine the Labor Department’s proposed fiduciary rule.The most recent step was a 26-12 vote by the House Ways and Means Committee on Feb. 3 to pass the Strengthening...
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Generation X — long overlooked as a generational “middle child” between Boomers and Millennials — is waking up to the realities of retirement savings, according to a new report.With the eldest members of Gen X turning 50, it’s little wonder that retirement finances are grabbing a larger share of...
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The latest issue of Employee Plans News, a periodic IRS newsletter with retirement plan information for retirement plan practitioners, highlights recent developments concerning the IRS Employee Plans Determination Letter Program, as well as links to recent guidance and updated forms and...
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The latest issue of Employee Plans News, a periodic IRS newsletter with retirement plan information for retirement plan practitioners, highlights recent developments concerning the IRS Employee Plans Determination Letter Program, as well as links to recent guidance and updated forms and...
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The Department of Labor (DOL) has filed suit against the International Association of Machinists National Pension Fund (IAMNPF) and its board of trustees for multiple violations of ERISA. The DOL seeks a court order requiring the defendants to restore any losses the fund suffered due to the alleged...
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Work for decades. Save for decades. Then after those decades and the end of the retirement party, the spending begins. That’s the way it works, at least in common parlance. But some analysts at Vanguard beg to differ.In “Retirement Income: Perceptions vs. Reality,” Anna Madamba, Ph.D. of the...
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