Advertisement
SECURE Act
Legislation that expands opportunities for Americans to increase their retirement savings and improves the portability of lifetime income options from one plan to another.
Limiting plan loans from has come into sharper relief during the COVID-driven economic turbulence. A recent blog post suggests that there are many aspects of plan loans that are especially advantageous to participants at this time.
In “Should Retirement Plan Sponsors Be Limiting Plan Loans?,” an...
READ MORE
Many deadlines for various forms of relief under the Coronavirus, Aid, Relief and Economic Security (CARES) Act have passed. But not all, and there are deadlines looming for provisions concerning loans and distributions.
Loan Repayments
The CARES Act provides that any loan repayments due...
READ MORE
Halloween is the time of year when one’s thoughts turn to trick-or-treat, ghosts and goblins, and things that go bump in the night. And sometimes it’s just a good time to think about the things that give us pause—that cause a chill to run down our spine.
In that category, here are three things to...
READ MORE
It’s been… quite a year. An expert panel at an Oct. 26 session of ASPPA All Access discussed what the developments this year have meant for retirement plan professionals, as well as participants.
The panel featured Robert Kaplan, Director of Technical Education for the American Retirement...
READ MORE
Within the space of three months, two major pieces of legislation were enacted—the SECURE Act and the CARES Act. A panel at an Oct. 27 session of ASPPA All-Access discussed these measures and the opportunities they offer service providers.
Justin Bonestroo, Senior Vice President, CBIZ Retirement...
READ MORE
As the effective date for Pooled Employer Plans (PEPs) nears, the Department of Labor (DOL) is not wasting any time in trying to finalize the corresponding Pooled Plan Provider (PPP) registration requirements.
According to the White House’s Office of Management Budget website, the DOL submitted...
READ MORE
The chairman and ranking member of the powerful U.S. House Ways & Means Committee have introduced a sequel to the SECURE Act—but have taken a step backward on e-delivery.
Ways & Means Committee Chairman Rep. Richard Neal (D-MA) and Rep. Kevin Brady (R-TX), the ranking Republican on the...
READ MORE
The Setting Every Community Up for Retirement Enhancement (SECURE) Act includes a provision permitting qualified childbirth and adoption expenses to be distributable events. And for its part, the IRS has issued guidance to provide some clarity on the new distributable event and how it works. An Oct...
READ MORE
In an Oct. 1 comment letter filed with the Department of Labor, the American Retirement Association raised several concerns with the proposed Pooled Plan Provider registration requirements under the SECURE Act.
The DOL on Sept. 1 published the proposed rule in the Federal Register to establish...
READ MORE
What does the rest of 2020 portend for retirement plans? The election? American Retirement Association Retirement Education Counsel Robert Richter provided a look ahead, as well as a retrospective of recent months, in a Sept. 23 ASPPA Washington Update webcast.
Not Taking Wing
Richter said he is...
READ MORE
A month ago, the Labor Department unveiled an interim final rule on lifetime income disclosures on participant statements. Today the window for comments opens.
Under the Interim Final Rule, retirement plans would provide lifetime income illustrations using prescribed assumptions designed, the DOL...
READ MORE
Fall’s coming up fast! And so is the end of early bird rates for ASPPA All Access, a digital experience that brings the content, expertise, CE—and even networking—of ASPPA Annual to you.
We know how important ASPPA Annual is to our members, and to the retirement industry at large. So in response...
READ MORE
The IRS has provided some answers to questions concerning the small employer automatic enrollment credit, part-time vesting rules and other provisions under the Setting Every Community Up for Retirement Enhancement Act (SECURE Act).
IRS Notice 2020-68, issued Sept. 2, provides guidance on some...
READ MORE
In the latest of a series of regulatory announcements, updates and proposals, the Department of Labor (DOL) has unveiled an Interim Final Rule on lifetime income disclosures under the SECURE Act.
Under the Interim Final Rule, retirement plans would provide lifetime income illustrations using...
READ MORE
The IRS on Aug. 13 in Notice 2020-60 provided guidance regarding the election of alternative minimum funding standards for certain pension plans under Internal Revenue Code Section 430(m).
Section 430(m) was added to the Internal Revenue Code by Section 115 of the Setting Every Community Up for...
READ MORE
In a July 30 webcast, ARA Director of Legislative Affairs Andrew Remo provided an overview of the rules affecting retirement plans that have been put in place as a result of the pandemic and the effects it has had on the economy and plan participants.
In “Pandemic Pandemonium: Navigating the...
READ MORE
The U.S. Department of Labor has just announced its Request for Information (RFI) on Prohibited Transactions involving Pooled Employer Plans (PEPs) under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and other multiple employer plans.
According to a press release, the...
READ MORE
The American Retirement Association (ARA) has provided the Department of Labor with some comments on dealing with potential issues regarding pooled employer plans (PEPs).
The June 9 letter to Jeanne Klinefelter Wilson, Acting Assistant Secretary of Labor the Employee Benefits Employee Benefits...
READ MORE
It seems like a lifetime ago since President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law. But Dec. 20 was just five months ago, and the dust is still settling. A recent blog entry takes a look at its effect on part-time employees.
In “Secure Act...
READ MORE
It’s not as though we haven’t been through tumultuous times before, but is this time different?
Just four months ago, we were reviewing 2019 401(k) investment performance where the S&P 500 index rose 28+%, the Dow Jones Industrial Average (DJIA) gained 22+% and the NASDAQ was up an even...
READ MORE