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ASPPA Executive Director and CEO Brian Graff opened ASPPA’s first-ever virtual conference May 14 with a discussion of “the elephant in the room” — the Department of Labor’s (DOL) reproposal concerning the definition of who is a fiduciary.Graff noted that the proposed regulation is “mammoth,” but...
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ASPPA’s first-ever virtual conference on May 14 provided its 600+ attendees more than critical information on important issues — it also afforded them an ideal opportunity to gain the expert speakers’ insights on particular situations and matters.DOL Fiduciary RuleIt’s no surprise that the...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.Live WebcastsForm 5500 UpdateTuesday, May 26, 20152:00 p.m. - 3:40 p.m. ETSpeaker: Janice M. Wegesin, CPC, QPA, President, JMW Consulting, Inc.This webcast...
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Those looking for a bright line of illumination from the U.S. Supreme Court on fiduciary responsibilities in a 401(k) revenue-sharing case were likely disappointed May 18.The case, Tibble v. Edison International, argued before the nation’s High Court on Feb. 24, dealt with the application of ERISA’...
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Wednesday, May 20, 20151:30 p.m. - 2 p.m. ET Speaker: Sarah Simoneaux, CPC Check back soon for the webcast outline! Lots of advisors claim to be retirement plan experts – with NAPA’s new CPFA credential you can prove it.Designed by a group of expert advisors,...
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NAPA offers a complete library of complimentary on-demand webcasts. If you are logged in with a NAPA account you can access these webcasts through My Learning Activities.
The first time you access the webcasts, you will need to enter the promo code NAPAWEB and select Redeem Code (see below for...
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Concerned about recent guidance and proposals? Looking for an opportunity to learn from industry leaders and experts and hear from government officials? Interested in best practices and hearing what others in the industry are doing?Join other pension professionals for all this and more at ASPPA’s...
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The Department of Labor (DOL) has announced a brief extension of the comment period on its fiduciary reproposal — and has set a date for a public hearing.The comment period for what the DOL calls the Conflict of Interest Notice of Proposed Rulemaking has been extended by 15 days — from 75 to 90...
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According to a recent Clear Path Analysis survey of high-level defined benefit plan representatives in the United States and Canada, a large majority of respondents said they would adjust their risk exposure if updated mortality tables increased their plan’s liabilities. However, at the moment, a...
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The DOL’s ERISA Advisory Council at its May 27-29 meeting will include examination of lifetime plan participation. The council will focus on preparing proposed notices and disclosures related to the recommendations the council made in its 2014 report, “Issues and Considerations Surrounding...
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Legislation introduced recently in the U.S. House of Representatives and the Senate would require retirement plans to include an “annuity equivalent” on participant statements.In the House, Reps. Luke Messer (R-Ind.) and Mark Pocan (D-Wisc.) introduced the Lifetime Income Disclosure Act (H.R. 2317...
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ASPPA’s Chicago Regional Conference, to be held June 4 and 5, is not to be missed by practitioners who need to get up to date on the most important developments affecting plan sponsors and the professionals who advise them.The Department of Labor has released the long awaited “conflicted advice”...
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If life gives you lemons, make lemonade. And if the constitution prevents pension reform, make the constitution work for it. That appears to be the message of Illinois Gov. Bruce Rauner (R), whose office suggested as much as soon as the Illinois Supreme Court upended the state pension reform law....
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The Form 5500 is part of the bread and butter of the federal government’s information gathering concerning employers and employee benefit plans. But authority to use it is not eternal. The Department of Labor’s Employee Benefit Security Administration (EBSA) has asked the Office of Management and...
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Echoing a recent study from Transamerica in which the vast majority of Boomers and Gen Xers expect to retire long after they turn 65, an Allianz survey reports that more than five in six Americans over 35 say traditional retirement is now “a romantic fantasy.”Allianz’ “Generations Apart” study...
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In a bid to expand availability of employee stock ownership plans (ESOPs) in S corporations and enhance retirement savings, Sen. Ben Cardin (D-MD) on May 6 introduced legislation that he hopes will accomplish both.The Promotion and Expansion of Private Employee Ownership Act of 2015, S. 1212, would...
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“The big picture is huge. It is very much a radical reshaping of our landscape at this point.” With that, David N. Levine, Principal, Law Group, Chartered, opened the recent ASPPA webcast, “The Conflict of Interest Proposal: How it Works and What it Means.” Pete Swisher, Senior Vice President and...
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The Illinois Supreme Court was of one mind on May 8, unanimously ruling in In re Pension Reform Litigation v. Quinn (No. 118585, May 8, 2015), that the state’s 2013 pension reform law that went into effect on June 1, 2014 violates the state constitution.Lawmakers approved the overhaul to address...
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Nominations are now being accepted for three open seats on ASPPA’s 2016 Leadership Council.In addition to two open seats as committee members end their three-year terms on Dec. 31, 2015, a four-year at-large seat will become open as well. All members of the Leadership Council serve calendar year-...
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