
Articles
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1 week ago |
asppa-net.org | John Iekel
The IRS and retirement plans interact in a variety of ways, and in its just-released 2024 Data Book, the IRS reports on activities in which it provided assistance to retirement plans as well as enforced tax law and regulation. The data concerns IRS activity during fiscal year (FY) 2024, which is the period Oct. 1, 2023-Sept. 30, 2024. The focus of the activity reported in the Data Book centers on determination letters and examination of the Form 5500 Series documentation filed.
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1 week ago |
ntsa-net.org | John Iekel
Louisiana’s Teacher Retirement System (TRSL) has inched closer to the top of the levee, with both chambers of the legislature passing a bill that would expand its scope and reach, making participation in the system open to more people. The House of Representatives also has approved examination of a phased retirement program. Expansion of TRSLHB 24 would expand the TRSL by easing many rules. Action on the bill has come quickly. Rep. Tony Bacala (R-Prairieville) introduced HB 24 on Feb. 27.
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2 weeks ago |
asppa-net.org | John Iekel
What does a TPA do? A lot, according to industry experts in a recent webinar concerning the value of third-party administrators in the current retirement plan marketplace. Russell Hooker, Executive Vice at NOVA 401(k) Associates, and Matt King, TPA Sales Director at The Standard, in a recent Broadridge webinar discussed the breadth of a TPA’s activity and the impact they have, and can have.
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2 weeks ago |
ntsa-net.org | John Iekel
The bill that would slash the threshold for required participation in New Jersey Secure Choice from 25 employees to one — effectively including all private-sector employers without their own plan to participate — has cleared another hurdle. The New Jersey Assembly on May 22 passed A5358, the legislation that would expand the scope of New Jersey Secure Choice by changing the threshold from 25 employees to one or more employees. It did so in a 49-28 vote.
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2 weeks ago |
asppa-net.org | John Iekel
In the race to become law, the bill that would slash the threshold for required participation in New Jersey Secure Choice from 25 employees to one — effectively including all private-sector employers without their own plan to participate — has cleared another hurdle. The Assembly Appropriations Committee on May 15 gave its imprimatur to A5358, the legislation that would expand the scope of New Jersey Secure Choice by changing the threshold from 25 employees to one or more employees.
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