News Archive

On Jan. 1, 2015, the IRS transferred responsibility for certain technical work from its Employee Plans Division to the IRS Chief Counsel’s office. This transfer was known to be coming based on previous statements made by various IRS officials. Two recent IRS issuances, IRS Announcement 2014-34 and... READ MORE

When Callan Associates surveyed plan sponsors in early 2014, more than a third of the respondents said they would make changes to their target date funds during the coming year. The firm’s just-released 2015 survey shows that many of those sponsors were true to their word.According to the survey,... READ MORE

It’s no longer just states that are looking at the notion of expanding private sector retirement plan coverage.New York City Public Advocate Letitia James on Feb. 26 introduced legislation creating a commission of experts to study the establishment of a pension fund for private sector workers in... READ MORE

What do the Voice of America, the BBC, an Indiana tree service firm, a Michigan pediatrician and a midwestern TPA all have in common? They all had their websites defaced by a group of hackers with ties to the Iranian Revolutionary Guard. In the past, occurrences such as these were treated as “cyber... READ MORE

If the Government Accountability Office (GAO) has its way, plan sponsors will have a new reporting obligation to the Department of Labor. Specifically, GAO recommends that DOL improve oversight by requiring plan sponsors to notify the agency when they implement lump sum windows, and coordinate with... READ MORE

If you are not a Business Managers and Owners Council (BMOC) member you really need to consider becoming one. This is an organization dedicated to business owners or key decision makers of ASPPA member firms who focus on retirement plan administration or actuarial services. I recently attended the... READ MORE

Even as the economy has bounced back from the dark days in the late 2000s, an overwhelming number of working-age Americans still have concerns about their finances.A new study conducted by Harris, on behalf of the Million Dollar Round Table reports that 84% of Millennials (ages 18-34) and 83% of... READ MORE

“Don’t throw out the baby with the bathwater” is an old — perhaps worn-out — cliché, but nevertheless sometimes it’s apt. And as the Obama Administration unveils the fiduciary rule reproposal, ASPPA CEO and Executive Director Brian Graff has warned that the regulations could have serious and... READ MORE

Even as the economy has bounced back from the dark days in the late 2000s, an overwhelming number of working-age Americans still have concerns about their finances.A new study conducted by Harris, on behalf of the Million Dollar Round Table, reports that 84% of Millennials (ages 18-34) and 83% of... READ MORE