Archive for January, 2012
New ERISA Definition of Fiduciary Alive and Kicking
There was an immediate and strong reaction from the financial investment community when the DOL’s Employee Benefits Security Administration (EBSA) proposed new regulations to update and expand the definition of fiduciary. However, Phyllis Borzi, Asst. Secretary of Labor for EBSA, made it very clear as the keynote speaker at the 2012 Los Angeles Benefits Conference that a new definition of fiduciary was not a dead issue…
Bad Math Is Still Bad Math
Recent comments in Smart Money’s Encore blog—“How much do 401(k) Plans Cost the Government,” (1.25.12) incorrectly characterizes estimates of retirement savings tax expenditures made in “Retirement Savings and Tax Expenditure Estimates” a research paper prepared for the American Society of Pension Professionals & Actuaries (ASPPA).
ASPPA Presents 11th Annual 401(k) SUMMIT
The ASPPA 401(k) SUMMIT is a national forum for professionals in the 401(k) marketplace. Retirement plan practitioners join experts and business leaders to discuss major trends, best practices, and legislative and regulatory activity that impact the industry.
ASPPA Launches Plan Consultant Magazine
The American Society of Pension Professionals & Actuaries (ASPPA) today announced their official publication The ASPPA Journal will now be known as Plan Consultant magazine. A survey of ASPPA’s growing community of diverse retirement professionals prompted the redesign of the publication from a scholarly journal to a less formal magazine format.
NTSAA Hosts 403(b) Advisor Summit
Retirement professionals gather with industry experts and business leaders in Las Vegas at the NTSAA 403(b) Advisor Summit to discuss the state of the business, major industry trends, and the impact of new legislation and regulations on the 403(b) and 457(b) plans marketplace.
403(b) Compliance Summit Report Released
The National Tax Sheltered Accounts Association released a report from their third annual 403(b) Compliance Resolution Summit in Dallas. The report is a summary from the meeting where 403(b) professionals gather to identify service issues and develop best practices for the resolution of those issues.
2012 Retirement Forecast (Video)
ASPPA’s Executive Director Brian Graff offers a preview to key retirement issues on the legislative and regulatory agenda and how they will impact retirement plan professionals.
