Advertisement
News
Last year proved to be a volatile one for pension funding, but how did the nation’s largest corporate pension plans fare compared with the year before?A new analysis by Towers Watson of pension plan data for the 413 Fortune 1000 companies that sponsor defined benefit plans and have a December...
READ MORE
The IRS on Jan. 4 said it will issue guidance on revisions to the employee plans determination letter program regarding Cycle A elections, determination letter expiration dates, and extension of deadlines for certain defined contribution pre-approved plans.The IRS made the announcement in in Notice...
READ MORE
The New Jersey Senate Budget Committee has approved a bill creating a mandatory retirement program for private-sector workers without employer-sponsored plans in the Garden State.The Secure Choice Savings Act (S2831) would require companies with at least 25 employees that don’t already offer...
READ MORE
Just before Christmas, President Obama signed into law H.R. 2029, a massive year-end spending and tax bill containing a number of provisions affecting health and retirement plans. Here’s what you may have missed.H.R. 2029 — now Public Law 114-113 — includes both an omnibus appropriations bill that...
READ MORE
Be ready for more of the same regarding attention to fees charged plan sponsors and participants. That is the 2016 prediction of Susan Mangiero, a certified Financial Risk Manager, Accredited Investment Fiduciary Analyst, Certified Fraud Examiner and Professional Plan Consultant.In her blog,...
READ MORE
If a professional does something disgraceful that causes public outcry but isn’t directly related to the professional’s practice, should he or she be disciplined by their profession? The answer typically lies in the profession’s code of conduct, writes Lauren Bloom, the General Counsel &...
READ MORE
It is common knowledge that many people can do more to save for their retirement. And much has been written and said concerning paying off the heavy load of student loan debt many people carry. These may seem to be mutually exclusive goals and functions, but Beth Braverman argues in Forbes that...
READ MORE
It wouldn’t be a surprise for an update on trends and regulations affecting retirement plans to be, well, a bit dry. But the “Current Events” general session at this year’s ASPPA Annual Conference featured a refreshing twist that’s sure to become the stuff of ASPPA legend — delivered by characters...
READ MORE
Every plan, and every investment committee, is unique — and yet, conducted properly, there are inevitably areas of commonality.Here are some questions that could enhance the discussion, if not the outcome, of your next meeting.1. Do we really need to have all these funds on the menu?We know that...
READ MORE
After the Dec 30 edition, ASPPA Connect will next appear on Jan. 4. In the meantime, we wish our readers and members a very happy new year and all the best for 2016.Following are some facts about New Years that we hope you’ll find interesting. Making New Year’s resolutions is not a recent...
READ MORE